Mumbai: The continuous cheque clearing system that came into effect earlier this month was meant to clear cheques within hours. This was to be achieved by banks scanning and sending images of presented cheques for clearing. However, teething troubles have resulted in a high number of rejections, causing cheques to sometimes take over a week…
Asian stocks jumped on Wednesday as trade war fears were overshadowed by comments from Federal Reserve Chairman Jerome Powell, who suggested the bank could cut interest rates again this month.Asian markets opened on the higher end (moderately), following Wall Street’s lead. Tokyo’s Nikkei 225 rose 1.3 percent to 47,463.31, Hong Kong’s Hang Seng gained 1.5…
Gold prices reached a new record high of Rs 1,27,500 per 10 grams on the MCX (December contract) during early Wednesday trading, driven by safe-haven demand amidst geopolitical uncertainty and anticipated US rate cuts.The precious metal was trading at Rs 1,26,798, showing an increase of Rs 542 or 0.43% from the previous session.Analysts, quoted by…
The global silver market remains less liquid having 8 – 9 times smaller volumes than the gold market. (AI image) Gold price prediction today: Gold prices may cross $4,200 in the international markets this week, but the downside risks remain and trade is likely to be volatile, says Maneesh Sharma, AVP – Commodities & Currencies,…
Image used for representative purposes Elon Musk once again put the spotlight on Bitcoin, this time in a social media exchange emphasizing the cryptocurrency’s connection to energy. Responding to a post by X user ‘zerohedge’, who argued that soaring gold, silver, and Bitcoin prices reflect the “debasement” used to fund the AI arms race, Musk…
Market experts anticipate sideways trading, with global factors, foreign investment flows and Q2FY26 corporate results likely influencing short-term movements. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was above 25,200, BSE Sensex was up almost 300 points. At 9:23 AM, Nifty50 was…
New Delhi: Wholesale price inflation moderated in Sept as food prices dipped, and deflation in fuel and power was observed. Experts said they expect the trend to persist as global commodity prices are seen lower.Data released by the commerce and industry ministry showed inflation, as measured by the wholesale price index, was at 0.1% in…
New Delhi: Led by Apple, India’s mobile phone exports have shot up by 60% in the first half of this fiscal, closing Apr-Sept FY26 with total shipment of $13.5 billion against $8.5 billion in the same period of 2024-25. In Sept, when new iPhone hit global markets, shipments from India moved up by 95% on…
BENGALURU: Infosys won a 1.2-billion-pound ($1.6 billion), 15-year contract from the NHS Business Services Authority (NHSBSA). The NHSBSA is a body of the UK’s department of health & social care and provides a range of critical central services to NHS organisations, NHS contractors, patients, and the public.Infosys will develop a data-driven workforce management solution that…
IT services major Tech Mahindra reported a 4.44 per cent decline in its net profit for the September quarter to Rs 1,194.5 crore, according to a company filing on Tuesday. The post-tax profit was lower than Rs 1,250 crore recorded in the same period last year, but slightly higher than Rs 1,141 crore posted in…