The Union Cabinet is likely to approve a 3 per cent dearness allowance and dearness relief (DR) hike for central government employees and pensioners on Thursday. An announcement about the approval can be expected after the conclusion of a cabinet meeting that will be held at 11:30 am. This will be a welcome development…
State-run oil marketing companies (OMCs) have hiked fuel prices for the second straight day as global crude oil rates gain momentum. Petrol and diesel rates across the country were increased by 35 paise each. Both petrol and diesel are retailing at record high rates in the country and prices are expected to go up…
Indian shares gained on Thursday, led by energy and metal stocks on concerns over tight inventories, with investors focusing on a cluster of earnings due later in the day. The NSE Nifty 50 index was up 0.4% at 18,330, while the S&P BSE Sensex rose 0.4% to 61,558 by 9:25 am. . The Nifty Metals index and the energy…
The prices of gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Thursday, October 21, 2021. Today, gold futures maturing on December 3, 2021, stand at Rs 47,529 per 10 grams with a hike of 0.13 per cent or Rs 61. Witnessing a jump of 0.29 per cent or Rs 193, silver futures,…
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) tumbled sharply on Wednesday on the stock market. IRCTC shares fell over 15 per cent during early trade and have remained weak. At 11:40 am, shares of IRCTC were trading 15 per cent lower on the Bombay Stock Exchange (BSE) at Rs 4,630 apiece. On the…
Cryptocurrency investors can expect another good day as prices of popular virtual coins continue their strong rally. The rally is being led by the world’s largest cryptocurrency, Bitcoin, which was inching closer to hitting a fresh all-time high on Wednesday. Bitcoin’s strong rally comes a day after the first US…
Indian shares edged down on Wednesday, dragged mostly by metal stocks as China’s pledge to bring down coal prices eased worries about supply disruptions. The NSE Nifty 50 index was down 0.5% at 18,330, while the S&P BSE Sensex fell 0.4% to 61,502.16 by 9:25 am. The Nifty metals index was the top loser among…
Both gold and silver registered a hike on the Multi Commodity Exchange (MCX) for the third day in a row, on Wednesday. The rate of gold futures, maturing on December 3, 2021, stands at Rs 47,355 per 10 grams with a hike of 0.23 per cent or Rs 108. Recording a slight jump of 0.09 per cent or Rs 55, silver futures,…
Tata Sons’ $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and landing slots that will help it claw back market share from foreign rivals. But industry executives warn any success will be a long and complicated process that…
Fuel prices were hiked by state-run oil marketing companies (OMCs) after a gap of two days as global crude oil rates keep climbing. Petrol and diesel prices were hiked by 35 paise each on Wednesday. Petrol is retailing at over Rs 106 per litre in Delhi after the fresh hike, while it has crossed Rs 112 per litre in…