Gold rate outlook: Gold prices may stay range-bound ahead of US Fed, BoJ meet; tariff deadline to add uncertainty

Gold prices are likely to remain in a consolidation phase over the coming week, as investors await critical central bank policy decisions and developments on global trade negotiations, analysts said.The upcoming US Federal Open Market Committee (FOMC) meeting, the Bank of Japan’s rate decision, and the approaching August 1 deadline for US tariff negotiations are…

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AGR dues demand: DoT issues Rs 7,827 crore notice to Tata Communications, firm says licences not covered under SC order

The Department of Telecommunications (DoT) has issued a “show-cause-cum-demand” notice of Rs 7,827.55 crore to Tata Communications for adjusted gross revenue (AGR) dues spanning nearly two decades, the company disclosed in an official note dated July 17.The dues have been raised for the financial years from 2005–06 to 2023–24. Tata Communications Managing Director AS Lakshminarayan…

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TCS to lay off around 12,000 employees! Tata Consultancy Services plans 2% workforce cut over the year; what you should know

Tata Consultancy Services plans to reduce its workforce by approximately 2%, impacting over 12,000 employees due to economic uncertainties and AI-driven technological changes. The company will provide affected staff with severance benefits, outplacement services, and extended insurance coverage. TCS layoffs: Tata Consultancy Services (TCS), India’s largest IT services firm, plans to lay off as many…

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Private equity deal: Multiples-led consortium moves CCI for 32% VIP Industries stake; Rs 1,438 crore deal to trigger open offer

A consortium led by Multiples Alternate Asset Management has approached the Competition Commission of India (CCI) seeking approval to acquire a 32% stake in luggage maker VIP Industries, according to a notice filed with the regulator.The application follows the July 13 announcement that VIP Industries’ promoters — Dilip Piramal and family — will sell up…

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Dam gamble on Siang: China moves ahead with its mega project – Will India’s response face local resistance?

Tractors slowly climbed a muddy hillside in Begging village of Arunachal Pradesh’s Siang district, carrying drilling rigs and equipment for a sensitive pre-feasibility study on May 21. The goal was to assess the possibility of building a massive dam across the Siang River, called the Brahmaputra in Assam and Yarlung Zangbo in China.But on the…

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‘Let’s call it seed money’: Donald Trump says Japan to invest $550 billion in US to lower tariffs — but deal still unclear

President Donald Trump claims that Japan has committed $550 billion for US investments under a new trade framework, though the figure remains under negotiation and far from confirmed.“Japan is putting up $550 billion in order to lower their tariffs a little bit,” Trump said on Thursday, further adding that, “They put up, as you could…

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