Gold is likely to inch higher gradually towards $4850 in Spot & projections around $5000 also looks achievable. (AI image) Gold price prediction today: Gold prices are expected to inch higher in the coming days, while silver may see some volatility, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers….
Indian Oil Corporation Ltd (IOCL) said that the country’s refineries are capable of processing Venezuelan crude if supplies resume. “If at all things start settling down, if at all a lot of crude starts coming out of Venezuela, then can’t we import oil from Venezuela?” he said.The executive further added that the company, used to…
Stock market today (AI image) Stock market today: Weighed down by weak global cues, Indian equity benchmarks Nifty50 and BSE Sensex, opened in red on Wednesday after over 1% declines in the Tuesday session. While Nifty50 was below 25,200, BSE Sensex dropped over 200 points. At 9:16 AM, Nifty50 was trading at 25,192.65, down 40…
Union minister Ashwini Vaishnaw on Wednesday clarified that while India remains engaged with major global powers, the World Economic Forum (WEF) at Davos is largely a platform for the exchange of ideas rather than a venue for formal group-to-group trade negotiations.Responding to a query on whether India would hold meetings with the US delegation at…
HYDERABAD: Energy transition player AM Group (AMG), which is backed by the founders of Greenko Group, plans to set up a 1GW (gigawatt) high-performance AI infrastructure hub in Greater Noida region, with an investment of $25 billion.The high-performance compute hub to cater to global AI workloads will be developed in a phased manner, with the…
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) exposure to the equity market has for the first time reached 10%, as the retirement fund body looks for avenues to augment its income to sustain the persistent high annual returns amid falling govt bond yields, where nearly 85% of its investible corpus is parked.“EPFO is allowed…
MUMBAI: Inspira Global, which owns the Chinese Wok brand, is acquiring Burger King India operator Restaurant Brands Asia (RBA). As part of the deal, Everstone Capital will exit RBA by selling its entire 11.3% stake to Inspira Global for about Rs 460 crore. The quick service restaurant space has been going through a slowdown on…
MUMBAI: The rupee weakened for a fifth consecutive session on Tuesday, closing at 90.98 to a dollar, down 7 paise from the previous session, after breaching the 91 mark and sliding to a one-month low intraday amid rising geopolitical tensions and sustained selling in domestic equity markets.The currency opened marginally weaker and slipped to 91.05…
MUMBAI: Uncertain political and economic environment, combined with weakness of the dollar and rising industrial demand for silver pushed gold and silver prices to record levels on Tuesday, both in the international and domestic markets.Gold broke above the Rs 1.5 lakh/10gm mark for the first time while silver traded above the Rs 3 lakh/kg mark,…
US Treasury Secretary Scott Bessent claimed that India has scaled back purchases of Russian oil following trade action taken by President Donald Trump, linking New Delhi’s move to the imposition of tariffs by Washington.Speaking at the World Economic Forum in an interview with Fox Business, Bessent, talking about the Russian Sanctions Bill, said India began…
