AI image used for representative purposes As Diwali 2025 approaches, gold and silver markets have shown remarkable performance, with increases of over 47% and 52% respectively this year. On the MCX, prices have exceeded Rs 1,18,000 per 10 grams, leading investors to speculate about further growth potential during the upcoming festive period.Analysts, quoted by Economic…
US President Donald Trump during a meeting with Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir at the White House last month Advisers to Pakistan’s military chief, Asim Munir, have reportedly approached US officials with a proposal to construct and operate a port at Pasni on the Arabian Sea, offering Washington a strategic…
Image used for representative purposes In the coming days, US authorities will conduct the nation’s largest coal auctions in over a decade, offering 600 million tonnes from state-owned reserves adjacent to strip mines in Montana and Wyoming. The leases, located in the Powder River Basin—the country’s most productive coal region—were expedited following a January executive…
BENGALURU: OpenAI competitor Anthropic has appointed Rahul Patil as its chief technology officer. Patil joins the league of Indian-origin leaders at the helm of some of the world’s most influential technology companies.Patil succeeds co-founder Sam McCandlish, who is moving into the role of chief architect. Patil joins the AI company, which has developed Claude AI…
US President Donald Trump during a meeting with Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir at the White House last month Advisers to Pakistan’s military chief, Asim Munir, have reportedly approached US officials with a proposal to construct and operate a port at Pasni on the Arabian Sea, offering Washington a strategic…
The Reserve Bank of India (RBI) has kept its policy interest rate unchanged at 5.5 per cent for the second consecutive meeting, while retaining flexibility for future reductions. This comes after the monetary policy committee (MPC) significantly lowered its inflation projections, according to a Crisil Intelligence analysis cited by PTI.The central bank, in its October…
US trade representative Jamieson Greer (Image credits: AP) NEW DELHI: US trade representative Jamieson Greer claimed that India is already beginning to diversify away from Russian oil, even as the United States has imposed a 50% tariff on India over its oil imports from Russia.Speaking at the Economic Club of New York, Greer explained that…
Fugitive diamantaire Nirav Modi NEW DELHI: Fugitive diamantaire Nirav Modi will be back in a London courtroom on November 23, as judges hear his petition to reopen the extradition trial on the grounds that he could face interrogation if repatriated to India.Nirav Modi argued before the Westminster Court that questioning by Indian agencies may amount…
MUMBAI: RBI has proposed a revamp of rules on external commercial borrowings. The draft guidelines for 2025, the most extensive rejig since a Dec 2018 framework, replace uniform caps with limits tied to a borrower’s financial strength. Companies may raise up to $1 billion or 300% of their net worth (whichever is higher), while financial…
NEW DELHI: Gold demand this Dussehra witnessed a significant decline, with sales falling 25% to 18 tonnes compared to 24 tonnes during the same festival last year, according to the India Bullion & Jewellers Association (IBJA).“Last year Dussehra was a better one as the volume of gold sold was 24 tonnes. This year, the prices…
