On Monday, while gold was trading on the higher side of the Multi Commodity Exchange (MCX), silver witnessed a new low. Recording a hike of Rs 45 or 0.09 per cent, gold futures, maturing on December 5, 2022, stood at Rs 50,862 per 10 grams on the MCX. Meanwhile, silver futures, maturing on December 5, 2022, witnessed a…
Reliance Retail, a unit of Indian oil-to-chemicals conglomerate Reliance Industries, is set to enter the salon business and is in talks to buy a 49% stake in Naturals Salon & Spa, the chief executive of the salon chain said in a social media post on Friday. The existing promoters of Naturals Salon-parent, Groom…
Benchmark indices finished on a weak note on Thursday, extending their previous day’s decline amid a negative trend in global equity markets after the US Fed hiked interest rates by 75 basis points. The 30-share BSE Sensex declined 69.68 points or 0.11 per cent to settle at 60,836.41. During the day, it tanked…
The prices of 19 kg commercial LPG cylinders were slashed by the Indian Oil Corporation Ltd. Prices of domestic cylinders will, however, continue to remain steady. The price of a 19 kg commercial cylinder of Indane will be cut by Rs 115.5 in Delhi, Rs 113 in Kolkata, Rs 115.5 in Mumbai and Rs 116.5 in Chennai. The…
The Indian rupee has hit a fresh record low and is at 83.08 against US Dollar amid unabated foreign capital outflows and a strong dollar in the overseas markets. On Wednesday, the rupee plunged by 60 paise to record low levels of 83 for the first time against the US dollar. Besides, rising crude prices in the…
For the second time in a row, gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX). The precious metals are retailing on the higher side of the domestic market on Tuesday. With a jump on October 18, gold futures maturing on December 5, 2022, stood at Rs 50,364 per 10 grams on the domestic…
Japan and other countries facing the fallout from a soaring US dollar found little comfort from last week’s meetings of global finance officials, with no sign that joint intervention along the lines of the 1985 “Plaza Accord” was on the horizon. With a strong push from Japan, finance leaders of the…
The rupee after opening on a positive note, pared the gains and slipped 5 paise to 82.29 against the US dollar amid high volatility in early trade on Friday. At the interbank foreign exchange, the domestic unit opened at 82.26 against the dollar, then touched 82.12, registering a gain of 12 paise over its previous…
After trading on the higher side the previous day, gold and silver prices were mixed in Indian markets today. On Friday, October 14, 2022,gold prices have recorded a dip while silver rates are retailing on the higher sideof the Multi Commodity Exchange (MCX). Witnessing a marginal dip of Rs 44 or 0.09 per…
The International Monetary Fund (IMF) deemed India’s deployment of a direct cash transfer scheme and other social welfare programmes as a ‘logistical marvel’. Speaking to the media on Wednesday, an IMF official said that the Indian social welfare programmes were impressive as they reach…