Silver prices surged to an all-time high of Rs 1.40 lakh per kilogram in Delhi on Thursday, while gold slipped by Rs 630 per 10 grams amid subdued buying by retailers, marking a historic divergence in precious metal trends.Following strong international trends, silver in futures trade scaled record highs. The December contract rose Rs 3,528…
Wall Street struggled on Thursday, heading toward a rare three-day losing streak as investors digested stronger-than-expected US economic data and corporate results.The S&P 500 fell 0.7% in early trading, marking a deeper decline than the previous two days, while the Dow Jones Industrial Average was down 107 points, or 0.2%, and the Nasdaq composite slid…
India’s food processing sector received a major boost on Thursday as Reliance Consumer Products Ltd (RCPL) and three Coca-Cola bottlers announced a combined investment exceeding Rs 65,000 crore, signaling strong corporate confidence in the industry’s growth potential. The commitments were unveiled on the opening day of the World Food India Summit, which is scheduled to…
Starbucks is laying off around 900 non-retail employees and shutting some stores in the US and Canada as part of a broader turnaround strategy, the company announced on Thursday, AP reported. Employees whose roles are being eliminated will be informed early Friday, while the closures will be rolled out in the coming days.The Seattle-based coffee…
Policies such as the Production Linked Incentive (PLI) Scheme have attracted investments worth Rs 1.76 lakh crore, with cumulative production reaching Rs 16.5 lakh crore. Under these initiatives, India has successfully transitioned from import dependence to global leadership in sectors like electronics, pharmaceuticals, defence, and automobiles. (Image credits: AI) Source link
The board of Europe’s largest aerospace company, Airbus, is meeting in Delhi this week for the first time for their annual off-site strategy session.Such sessions are usually held in Europe or in countries with a large Airbus manufacturing base. In 2018, the board met in China, home to its A320 family aircraft assembly line.The meeting…
India’s pharmaceutical and healthcare industry is preparing for a significant wave of fundraising, with companies expected to raise Rs 12,000-13,000 crore through initial public offerings (IPOs) in the next six to nine months.According to ET, around 15 firms are likely to enter the primary market shortly. The Securities and Exchange Board of India (Sebi) has…
NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday said that outcome of GST Appellate Tribunal (GSTAT) must be straightforward with reduced legal frictions, greater simplicity, and should be proactively addressing delays in litigations to ensure better cash flow.“Until now, taxpayers had to navigate different product clarifications on various state interpretations, leading to delays and locked-up…
MUMBAI: Lenders are playing it safe, borrowers are being cautious, and fewer youngsters are seeking credit going by trends in Q1FY26, a report by credit bureau TransUnion Cibil showed.The report, which analyses credit trends for the June quarter, said portfolios are tilting towards secured lending, with collateral-backed loans growing faster than consumption-led credit. In the…
Asian shares paused their recent rally on Thursday as investors positioned for month- and quarter-end flows, while the Japanese yen weakened to fresh lows against the euro and the Swiss franc surged amid currency market volatility.Oil prices slipped after climbing over 2% overnight to seven-week highs, following a surprise drop in US crude inventories that…