Gold price rally impact: India’s gold reserves cross $100 billion for the first time; share in forex reserves highest since 1996-97

The proportion of gold within India’s foreign exchange reserves has seen a significant rise in the last ten years. (AI image) Gold’s record rally has helped India’s gold reserves value cross the $100 billion mark for the first time ever. The Reserve Bank of India‘s (RBI) latest foreign exchange reserves data reveals that India’s gold…

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RIL Q2 FY26 results: Mukesh Ambani-led Reliance Industries reports consolidated net profit of Rs 18,165 crore; up 10% YoY

RIL recorded gross revenue of Rs 2.83 lakh crore, marking a 10% year-on-year increase. RIL Q2 FY 2025-26 results: Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday reported a consolidated second-quarter net profit of Rs 18,165 crore. This is a 10% increase from Rs 16,563 crore in the previous year. The operational revenue reached Rs…

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‘They forced me to do it’: Trump says high tariffs on China ‘not sustainable’; claims Beijing ‘ripped off’ America for years

US President Donald Trump on Friday said his proposed additional 100% tariff on Chinese goods would not be “sustainable,” further asserting that Beijing “forced him to do it.”“It’s not sustainable,” Trump told Fox Business when asked if the levies he has threatened to impose on China could remain in place without significantly affecting the economy….

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