Gold prices advanced for a third consecutive day despite an ease in Indian demand following a modest pick-up earlier in the week. The development comes following the release of weak US jobs data, reducing the chances of the Federal Reserve raising interest rates this year in order tackle inflation. Gold and silver prices increase as…
The slowdown was driven by the weakest increase in new orders in more than two-and-a-half years India’s services sector growth slowed to a 17-month low in June as weaker domestic demand, softer new business growth and subdued hiring weighed on overall activity, according to the latest HSBC India Services PMI survey released on Friday.The seasonally…
The report said the immediate financial impact on automakers is likely to be modest Delhi’s newly notified Electric Vehicle (EV) Policy 2026 could speed up the transition to cleaner mobility, but the bigger challenge for automobile manufacturers may arise if similar policies are adopted by other states, according to a Morgan Stanley report.The brokerage said…
Two applications linked to reports of remotely disabling e-rickshaws have been removed from app stores The government on Friday said two smartphone applications linked to reports of remotely disabling e-rickshaws have been removed from app stores after they came to the authorities’ notice.Speaking on the sidelines of a CII Cybersecurity Summit, IT secretary S Krishnan…
Even as the conversation towards regulation of artificial intelligence (AI) gathers pace, the United Nations believes a global dialogue is crucial, building on the momentum of efforts by smaller groups of countries and industry leaders. Ahead of the first Global Dialogue on AI Governance in Geneva from July 6, Dr Claire Melamed, vice president of…
With the country consuming around 5 million barrels of crude each day, the current inventory is enough to meet approximately 21 days of demand. (AI image) India has replenished its crude oil stocks, with oil inventory levels now near a one-year high. India’s crude oil inventories have recovered sharply and are now close to their…
Gold continues to exhibit a constructive technical structure as higher highs and higher lows remain intact. (AI image) Gold price prediction today: In today’s session, gold is exhibiting a bullish bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, recommending a buy on dips strategy.MCX Gold August futures continue to trade…
India’s economy remains on a sustained growth path supported by strong macroeconomic fundamentals, government officials said. Ebbing external pressures from the West Asia conflict have stabilized this trajectory, allowing for planned fiscal discipline. India’s economy remains on a strong growth path based on macroeconomic fundamentals, as per government officials (Representational/ Unsplash) The government has maintained…
Indian tech firm HCLTech has signed a major deal with a Europe-based Fortune Global 50 firm to establish an artificial intelligence model for the latter. This is one of the biggest deals announced by an Indian tech firm this year. HCLTech is a global technology company and calls itself “home to more than 227,000 people…
The State Bank of Vietnam set the USD/VND mid-point at 25,203 on July 3. Interbank rates were quoted at 26,295/26,300, while unofficial market rates stood at 26,442/26,562. State-owned Saigon Jewelry Co. (SJC) quoted gold prices at 148.4 million/151.4 million dong per tael. The central bank allows the dong to trade within a ±5 per cent…
