Gold, silver rate today: US Fed announcement set to drive precious metals Investors continued to monitor the US Federal Reserve’s policy outlook for fresh clues on the future direction of interest rates. According to a Reuters poll, economists expect the central bank to keep its benchmark interest rate unchanged for the remainder of 2026 as…
MUMBAI: Anand Group, the over $3 billion auto components conglomerate, is undertaking two linked transactions worth about Rs 3,180 crore through listed flagship Gabriel India that will lift promoter Anjali Singh and family’s stake in the company to 68% and deepen its footprint in the sector.Gabriel will buy out the Singh family’s 29% stake in…
NEW DELHI: Electronics may have seen maximum focus under the production linked incentive (PLI) scheme, but it is the humble food products that have created the most jobs, and with low levels of investment. In fact, sectors such as pharma and automobiles too have seen more investments but fewer jobs, according to govt data.According to…
Karnataka saw FDI flows nearly double to $13 billion NEW DELHI: Karnataka saw FDI flows nearly double to $13 billion during the last financial year as tech investors and global capability centres (GCCs) flocked to India’s Silicon Valley, while Maharashtra, the top destination, saw a dip in inflows after two years.Haryana, Tamil Nadu, Rajasthan, Uttar…
Crude oil prices extended their rally on Wednesday, with Brent crude holding above the $90-a-barrel mark as escalating tensions in the Middle East kept investors focused on the risk of further disruptions to global energy supplies.Brent crude was trading at $92.40 a barrel, up 1.53% or $1.39, while US West Texas Intermediate (WTI) crude gained…
Cognitive warmup. The big secret is out. We finally know AI music generation company Suno trained its models. One of the largest in terms of what they do, here’s a sketch that has been found of the millions of songs and lyrics they have scraped from various sources. 113,879 hours of YouTube Music, 62,117 hours…
Trump said the move was intended to encourage companies to manufacture generic medicines domestically US President Donald Trump on Tuesday announced a phased tariff regime on imported generic medicines, saying they will continue to enter the United States duty-free for two years and then steep tariff hikes aimed at bringing pharmaceutical manufacturing back to the…
Govt has allocated little less than Rs 1.8 lakh crore fertiliser subsidy for 2026-27 NEW DELHI: Govt has spent Rs 70,709 crore, nearly 40% of the fertiliser subsidy allocated for 2026-27, in the first three-and-a-half months of the current fiscal year, indicating the subsidy bill is set to exceed the budget estimate due to the…
India will need to address structural challenges such as high trade costs, regulatory complexity, infrastructure gaps and barriers to deeper global integration if it is to achieve its ambition of becoming a developed nation by 2047, according to the World Trade Organisation’s (WTO) latest Trade Policy Review (TPR) report.The report said India remained the fastest-growing…
Crude imports from the Middle East fell about 27% to 1.55 million barrels per day during the April-June period. (PTI photo of oil tanker) India increased its crude oil purchases from Russia and Latin America during the April-June quarter, while imports from the Middle East declined as supplies through the Strait of Hormuz were constrained…
