Business

Total holdings of physical gold-backed gold exchange-traded funds (gold ETFs) globally declined by $6.7 billion in the first half of calendar year 2024. Such information has been given in a recent report of the World Gold Council (WGC). This is the biggest decline in gold ETF holdings in the first …

Indian residents can open a gift foreign currency account in IFSC: People living in India can now open foreign currency accounts (FCAs) under the liberalised remittance scheme, with the help of which they can gift money to friends and relatives living abroad, purchase property abroad, get insurance, avail facilities like …

For infrastructure projects, if the cost exceeds 15 per cent of the original estimate, ministries and departments will have to explain the reasons for delay in completion of the project. The government is currently working towards formulating various rules to make this practice mandatory. This exercise has been initiated to …

20 seconds ago Business The benchmark indices continue to make new highs almost every day. This has led to a heated debate on whether the stocks have outperformed their fundamentals and should they continue to earn at this valuation? However, only time will …

New Delhi: Indian companies' revenue and profit growth may remain sluggish in the first quarter of the current financial year. Brokerage firms are cutting growth estimates from the highest levels of the previous financial year. Various brokerage firms in their estimates have indicated a slowdown in revenue growth and a …

Mumbai: The Production Linked Incentive Scheme (PLI) is proving to be beneficial for telecom equipment manufacturers. The government has announced that the sales of telecom equipment manufacturing companies have crossed Rs 50,000 crore. Telecommunications equipment includes radios, routers, and network equipment, among other devices. Within three years, Rs 3400 crore …

MUMBAI: The government is preparing to sell its majority stake in some public sector undertakings. The government has refrained from setting a disinvestment target for the current fiscal, however, the Department of Investment and Public Asset Management (DEEPAM) Shipping Corporation of India (SCI) and NMDC Steel Ltd (NSL) have completed …

Mumbai: On expectations that the US Federal Reserve will start cutting interest rates in September, cryptocurrencies saw a surge and other crypto prices improved, led by the flagship crypto Bitcoin. In the last twenty-four hours, Bitcoin once again crossed the $59,000 mark. Following Federal Reserve Chairman Jerome Powell’s statement on …

Mumbai: The Mumbai jewelry market witnessed a mixed trend today. Gold prices rose sharply while silver prices came under pressure. Gold prices were once again seen rising in the world market. Gold prices were once again seen rising in the world market. Globally, gold prices remained between $ 2,358 to …

Mumbai: Ahead of the start of the corporate results season in late June and despite expectations of an encouraging Union Budget, funds, bets today booked profits in stocks with a cautious bias on speculation that some provisions could lead to a bigger post-budget correction in the market. Funds particularly booked …