‘It has also outlived its initial purpose of reducing physical gold imports.’ Photograph: Kind courtesy Hamiltonleen/Pixabay With an increased emphasis on reducing government debt, the finance ministry is considering discontinuing the issuance of Sovereign Gold Bonds (SGBs) from the
India’s forex reserves dropped by $3.23 billion to $654.86 billion for the week ended December 6, the RBI said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the reserves had increased by $1.51 billion to $658.09 billion, ending
‘Along with Blackstone, we would be keen to look at opportunities in the North.’ IMAGE: Aster Medcity in Kochi. Photograph: Kind courtesy Aster Hospitals The deal between Aster DM Healthcare and Blackstone-backed Quality Care India Ltd — which have announced
With Google announcing the milestone of Willow — a state-of-the-art quantum computing chip that can solve complex problems in under five minutes, a computation so complex it would have taken a supercomputer around 10 septillion (10^25) years to complete —
India’s industrial production (IIP) growth slowed to 3.5 per cent year-on-year in October 2024, mainly due to poor performance of mining, power and manufacturing, as per official data released on Thursday. Photograph: Amit Dave/Reuters The IIP recorded a growth of
Equity market benchmark indices Sensex and Nifty ended lower on Thursday due to intense selling in index majors Reliance Industries, L&T and HUL as investors turned cautious ahead of the inflation data announcement. The 30-share BSE benchmark Sensex declined 236.18
Suddenly, the legendary advertising line — a diamond is forever — is losing its shine. Kindly note the images has only been published for representational purposes. Photograph: Kind courtesy Bat Sheva Sida/Pixabay Most of the diamonds we have in the
S&P Global Ratings on Tuesday said the Indian economy is set for “resilient growth” in 2025 and projected inflation pressure to recede which will lead to “modest” easing of the monetary policy by the RBI. Photograph: Anushree Fadnavis/Reuters In its
Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility in stock markets driven by various macroeconomic factors, geopolitical events and US election results.
Prices of various car models — ranging from entry-level hatchbacks to high-end luxury offerings — are set to rise as automakers have announced price hikes with effect from January. Photograph: Hamad I Mohammed/Reuters Carmakers cite an increase in input costs
