MUMBAI: Some of India's top jewellers having stores in Dubai believe that with a significant cut in import duty on gold in the current fiscal year's budget, Indian gold consumers and traders may see a sharp drop in gold purchases from Dubai. Home-based jewellery manufacturing is expected to increase. India's …
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Rupee will strengthen due to interest rate cut by Federal Reserve in near future
New Delhi: The rupee is likely to strengthen against the dollar after falling 0.4 per cent so far in July. A study says that if most of the data in the US is favorable, the US Federal Reserve may cut rates drastically, which will strengthen the rupee. The dollar will …
Read More »Inflation burden on the government, prices of subsidized grains and tomatoes will increase in August
The rising prices of food items have left the common man breathless. The food inflation rate in the country is around 8 percent and now its effect will be seen on the government as well. To save the common man from the blow of inflation, the government started selling flour, …
Read More »Know the new prices of petrol and diesel, how much change in Gujarat?
16 mins ago Business Indian oil companies have been revising petrol and diesel prices daily since 2017 and update the prices at 6 am. Indian oil companies fix fuel rates based on crude oil rates in the international market. Petrol and diesel prices …
Read More »Slow start of the market, Sensex-Nifty opened flat
34 seconds ago Business The stock market started slowly today and Sensex-Nifty opened flat. Bank Nifty opened with a fall of about 150 points and covered some of its losses within five minutes of market opening. The IT index also opened in the …
Read More »Premium in the country reached a decade's highest level
Mumbai: Gold and silver prices continued to improve in the Mumbai jewelry market today. New sales in the jewelry market remained slow today due to the rise in the world market and low domestic demand. It is reported that the price of gold in the world market rose and crossed …
Read More »Sensex hits new record high of 81908 and finally closes at 81356, up 23 points
MUMBAI: Indian stock markets today hit a new all-time high of 81908.43 on the back of gains in global markets and gains in US, Europe, Asia on expectations of a possible interest rate cut at the Federal Reserve meeting on July 31. The Sensex rose 575.71 points to hit a …
Read More »Investment in equity funds increased five times to Rs. 94,151 crore
Ahmedabad: Investments in equity mutual funds increased fivefold to Rs. 94,151 crore in the quarter ended June 2024. This figure was Rs 2.5 lakh in the same quarter a year ago. 18,358 crore. The attractiveness of equity mutual funds has increased amid strong economic environment, liberal government fiscal policies, investor …
Read More »Signs of weakness from global market, pressure remains in Asia too
New Delhi, July 30 (HS). Global markets are showing signs of weakness today. The US market fluctuated continuously during the last session. Dow Jones futures are also currently trading with a decline. Similarly, the European markets closed with mixed results after trading under pressure during the last session. The atmosphere …
Read More »Crude oil near $ 80 per barrel, petrol and diesel prices stable
New Delhi, July 30 (HS). The price of crude oil continues to fall in the international market. Brent crude is close to $ 80 per barrel and WTI crude is close to $ 76 per barrel. However, public sector oil and gas marketing companies (PSUs) have not made any change …
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