The Asian Development Bank (ADB) on Friday approved a $410 million package for Pakistan’s Reko Diq copper and gold mine, as the country’s rare earth deposit are attracting foreign interests.The financing includes $300 million in loans to Canadian firm Barrick and a $110 million credit guarantee for the provincial government. The open-pit project in Pakistan’s…
The Reserve Bank of India’s central board on Friday took stock of the evolving global and domestic economic landscape, including geopolitical risks and financial market trends, during its 618th meeting held in Lucknow.The meeting, chaired by RBI Governor Sanjay Malhotra, also reviewed the performance of select central office departments, various board committees, and the Ombudsman…
Bajaj Auto experienced temporary delivery restrictions due to international component availability issues in recent weeks. (AI image) Bajaj Auto announced on Friday the restoration of its Chetak electric scooter deliveries to all dealerships, following the resolution of supply limitations caused by worldwide rare earth magnet shortages.China’s restrictions on rare earth magnets have been affecting India’s…
The government has established two high-level committees comprising secretaries, technocrats and economists, with former Cabinet Secretary Rajiv Gauba, a full-time NITI Aayog member, as their chairperson, according to ET sources.Simultaneously, a distinct committee under Cabinet Secretary TVS Swaminathan is addressing deregulation matters at the state level.One of the Gauba-led committees aims to achieve Viksit Bharat…
India’s economic growth is projected at an average of 6.7 per cent in the first quarter of FY26, according to an Economic Times survey of 14 economists. The estimates, supported by robust government spending, stronger rural demand and a resilient services sector, are in line with the Reserve Bank of India’s forecast of 6.5 per…
Gold price prediction: Gold prices on MCX are currently trading around ₹99,300, showing signs of stabilization after recent declines. (AI image) Gold price prediction today: Gold rates have been stabilizing and analysts are eyeing a buy on dips strategy. Here’s the analysis from Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities:Gold prices…
China eases Rare Earths curbs (AI-image) The electronics sector, India’s major Make-in-India achievement, could gain lasting global advantages due to a surprise backing from its strategic competitor, China.The Chinese government’s decision to relax restrictions on rare earth metals and critical mineral exports addresses a significant supply constraint for electronic products, including electric vehicles, computers, mobile…
Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, Sagility India, and Aditya Birla Capital (AB Capital) are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for August 22, 2025:Index View: NIFTYOver the past fortnight, benchmark indices staged a notable…
Mumbai: The RBI is re-examining how it targets inflation in its monetary policy. It has however made a strong case for continuing with existing targets. In a discussion paper released on Thursday, the RBI sought public feedback on four questions: should headline or core inflation guide policy; is 4% still the right target; should the…
MUMBAI: For venture capital (VC) investors who have infused several million dollars into gaming startups, the sweeping ban on online real-money gaming (RMG) has put their investments at risk. Some investments could be written off and valuation markdowns look certain. “The real money gaming segment faces complete elimination, forcing investors to reassess their entire portfolios…
