New Delhi: Italian luxury carmaker Ferrari expects the proposed India–EU Free Trade Agreement (FTA) to significantly improve accessibility and accelerate demand in the Indian market, even as it maintains its global strategy of limited volumes and brand exclusivity. While India remains a relatively small market for ultra-luxury performance cars, Ferrari sees strong structural tailwinds, from…
India’s foreign exchange reserves rose by $3.825 billion to $700.946 billion in the week ended April 10, according to Reserve Bank of India (RBI) data.The reserves had increased by $9.063 billion to $697.121 billion in the previous week ended April 3. They touched an all-time high of $728.494 billion in the week ended February 27,…
Crude oil prices plunged more than 10% on Friday after US President Donald Trump and Iran announced that the Strait of Hormuz is fully open again for oil tankers carrying crude from the Persian Gulf to customers worldwide, easing fears of supply disruptions.The sharp drop in oil prices lifted global markets, with US stocks rallying…
The Indian rupee strengthened to a one-week high on Friday, supported by steps taken by the Reserve Bank of India (RBI) to limit the impact of dollar buying by state-run oil refiners.The currency rose 0.5% to 92.7250 per dollar by 10:50 am, marking its strongest level since April 10. Traders said the move followed a…
Gold has entered a phase of consolidation after a strong rally driven by retail demand across key markets, global investment firm Jefferies said in its latest report.The firm noted that the surge in buying seen late last year and early this year—particularly in India, China and the United States—has begun to moderate, signalling a stabilisation…
West Bengal chief minister Mamata Banerjee expressed her “extreme happiness” on Thursday following the Supreme Court’s order regarding appellate tribunals and the relaxation of the earlier freeze on voter lists. Despite the ruling, the Election Commission (EC) has yet to clear the air regarding the operational procedures of the 19 tribunals that commenced work earlier…
More than five tonnes of gold remain held up at customs without clearance. (AI image) Banks have put a pause on fresh import orders for gold and silver from overseas suppliers. Large quantities of gold and silver are stranded at customs, as a formal government notification permitting bullion imports has yet to be issued, according…
Gold’s intraday technical structure remains weak with bearish EMA alignment, declining RSI, and negative MACD signals. (AI image) Gold price prediction today: Gold prices are exhibiting weak signals on an intra-day basis, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.Gold futures on MCX are trading…
Shares of Wipro fell as much as 4% to Rs 202 on the NSE on Friday after the IT major reported a decline in fourth-quarter profit and flagged a subdued near-term outlook.The company posted a 2% year-on-year drop in consolidated net profit to Rs 3,502 crore for Q4, even as revenue rose 8% to Rs…
Gold prices declined on Friday, April 17, with 24-carat gold falling by ₹268 to ₹15,309.2 per gram. Gold rates fell to ₹1.53 lakh in Delhi. (file photo) The 22-carat variant also dropped by ₹245.49 to ₹14,023.23 per gram. Over the past week, 24-carat gold has eased by 0.41%, while it is down 5.74% over the…
