Cryptocurrencies fell sharply on Monday as US President Donald Trump’s threat to impose new tariffs on eight European countries rattled risk assets and boosted demand for safe-haven assets. Bitcoin slid 3.6% to below $92,000, while other major tokens also saw a sharp decline.Ether, the second-largest digital asset, dropped 4.9%, and Solana fell 8.6% as traders…
Silver prices surged to a record high on Monday, crossing the Rs 3 lakh-per-kg mark in futures trade for the first time. Gold also rebounded sharply, recovering from last week’s losses.On the Multi Commodity Exchange (MCX), silver futures jumped Rs 13,553, or 4.71%, to a record Rs 3,01,315 per kg. Gold futures rose nearly Rs…
A Gujarat government delegation led by Deputy Chief Minister Harsh Sanghavi will visit Davos in Switzerland to engage with global business leaders, investors and policymakers during the World Economic Forum annual meeting there from January 19 to 23.The state government delegation will participate to take the resolution of ‘Developed Gujarat @2047’ to the global stage…
State-owned Nalco is open to venturing into mining of rare earth elements (REEs) with its bid advisor conducting due diligence on domestic auctions for REEs, magnesium and chromite blocks, its CMD Brijendra Pratap Singh Monday said. The move signals National Aluminium Company Ltd’s (Nalco) diversification strategy beyond bauxite and alumina, targeting high-value critical minerals essential…
US stock futures fell on Monday as markets reacted to President Donald Trump’s threat to impose additional tariffs on eight European countries. This comes after Washington has demanded to purchase Greenland, a move that has fuelled fears of a wider transatlantic trade conflict.S&P 500 futures slid about 0.7%, while Nasdaq futures fell 1.0% in thin…
European Union leaders will hold an emergency meeting in Brussels on Thursday to decide how to respond to US President Donald Trump’s threat to impose new tariffs on several European countries.EU ambassadors met on Sunday and broadly agreed on a bilateral approach. This includes intensifying diplomatic efforts to discourage Washington from proceeding with the tariffs,…
NEW DELHI: Borrowings of the National Highways Authority of India (NHAI), which had peaked at almost Rs 3.5 lakh crore in 2021-22, is set to fall below Rs 2 lakh crore by March with the entity planning to reduce its debt load.The Centre is directly taking over funding for highway projects, instead of getting NHAI…
MUMBAI: HDFC Bank’s chief has admitted that the bank has fallen short of its deposit mobilisation growth and has set a very wide range for credit-deposit targets for the current financial year and the next, highlighting the uncertain environment.“Having focused on granular segments has given us encouraging outcomes. We did, however, fall short of our…
MUMBAI: ICICI Bank’s board choosing to seek a two-year term for CEO Sandeep Bakhshi instead of the usual three years has given rise to speculation that this may be his last term. However, the proposal has removed any overhang of uncertainty as his term extends until Oct 2028.Addressing media, the bank’s executive director Sandeep Batra…
NEW DELHI: Free food items, such as wheat and rice made available through the public distribution system (PDS), to nearly 80 crore people will not be part of the new consumer price index (CPI) basket, as the 22-member technical advisory panel, tasked with updating the base year of price indices, has decided to stick to…
