Gold-backed ETFs experienced their most substantial single-day tonnage withdrawal in five months, indicating that institutional investors are reducing their positions. (AI image) Why are gold prices falling? After a record-breaking run, gold prices seem to be taking a breather with a significant 3% drop this week in the international markets. The yellow metal is set…
Elon Musk-owned Starlink is preparing to establish 9 gateway earth stations across India as it gears up to launch its satellite communication (satcom) services in the country.The proposed stations will be located in Mumbai, Noida, Chandigarh, Hyderabad, Kolkata and Lucknow.“The company has applied for 600 gigabit per second capacity over India through its Gen 1…
Three India-based companies were among 45 entities sanctioned by the European Union (EU) on Thursday for their alleged links to the Russian military.The three Indian firms named in the EU statement are Aerotrust Aviation Private Limited, Ascend Aviation India Private Limited and Shree Enterprises, news agency PTI reported. The sanctions form part of the EU’s…
Donald Trump, Mark Carney (AP) US President Donald Trump announced late Thursday that he is halting “all trade negotiations” with Canada, citing recent television ads protesting US tariffs as “egregious behavior” intended to influence American court decisions.“The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald…
NEW DELHI: India’s consumer and retail sector witnessed a decisive rebound in the Sept quarter, with deal volumes rising to 132 and values crossing $3.4 billion, nearly four times higher than previous quarter.The recovery was led by renewed investor focus on textiles, apparel and accessories, and sustained activity in food processing and e-commerce, Grant Thornton…
The White House press secretary Karoline Leavitt on Thursday (local time) claimed that India had scaled back Russian oil imports at US President Donald Trump‘s “request” and China was doing the same.“If you read the sanctions and look at them, they’re pretty hefty. I saw some international news out of China this morning that they’re…
NEW DELHI: Commerce and industry minister Piyush Goyal on Thursday said talks between India and the US for the proposed trade agreement are progressing, and expressed hope that both sides would work towards a fair and equitable agreement in the near future. An Indian team, headed by commerce secretary Rajesh Agrawal, was in Washington last…
NEW DELHI: Sebi on Thursday proposed to ease the geo-tagging requirement for non-resident Indian clients during their re-KYC or KYC process through digital onboarding or video client identification (V-CIP). In a draft circular, the regulator has sought public comments on its proposal to relax the condition that requires NRI clients to be physically present in…
MUMBAI: SBI received two awards from Global Finance, New York – World’s Best Consumer Bank 2025 and Best Bank in India 2025 – at the Global Finance awards held during the World Bank and IMF annual meets. The recognition, according to the bank, reflects its progress in digitalisation and financial inclusion. Source link
India’s processed potato exports surge 450% India’s processed potato products are making significant inroads into Southeast Asian markets, hugely driven by demand for snacks and convenience foods, according to a report by Global Trade Research Initiative (GTRI).Exports of dehydrates potato granules and pellets reached $63.3 million in FY2025, jumping from $11.4 million in FY2022. Other…
