Business

Gold prices slipped on Friday after hitting record highs above $4,300 an ounce, pressured by a stronger dollar and US President Donald Trump’s comments that his threatened high tariffs on China would not be “sustainable.”“It’s not sustainable. But that’s what the number is, it’s probably not, you know, it could stand, but they forced me…

Gold prices surged: Gold prices soared by Rs 3,200 to a record Rs 1,34,800 per 10 grams in Delhi on Friday, driven by strong festive buying and global safe-haven demand, according to the All India Sarafa Association. The previous session had seen the metal of 99.9 per cent purity close at Rs 1,31,600 per 10…

Mehul Choksi (File photo) A court in Antwerp, Belgium, on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, marking a major breakthrough for India in the Rs 13,000-crore Punjab National Bank (PNB) fraud case. Officials said the court upheld the validity of Choksi’s arrest made by Belgian authorities on India’s request earlier this year.“The…

The central government introduced hallmarking for 9 carat gold jewellery in July 2025. (AI image) Thinking of buying gold jewellery on Dhanteras and Diwali 2025? With gold prices hitting record highs, buyers who are mindful of their budget may consider 9K gold jewellery.The central government introduced hallmarking for 9K gold jewellery in July 2025, placing…

The proportion of gold within India’s foreign exchange reserves has seen a significant rise in the last ten years. (AI image) Gold’s record rally has helped India’s gold reserves value cross the $100 billion mark for the first time ever. The Reserve Bank of India‘s (RBI) latest foreign exchange reserves data reveals that India’s gold…

HYDERABAD: Infrastructure biggie Megha Engineering and Infrastructures Limited (MEIL) has bagged a $ 225.5 million (KWD 69.23 million) project from the Kuwait Oil Company (KOC) for the design, construction, operation, and maintenance of a new gas sweetening and sulphur recovery facility (NGSF) at West Kuwait’s oil fields.This project, which has to be completed in a…

US President Donald Trump on Friday said his proposed additional 100% tariff on Chinese goods would not be “sustainable,” further asserting that Beijing “forced him to do it.”“It’s not sustainable,” Trump told Fox Business when asked if the levies he has threatened to impose on China could remain in place without significantly affecting the economy….

India’s foreign exchange reserves fell by $2.176 billion to $697.784 billion in the week ended October 10, according to data released by the Reserve Bank of India (RBI) on Friday.This marks the second consecutive weekly decline after reserves had dipped by $276 million in the previous week to $699.96 billion.According to RBI data, foreign currency…

The Indian mutual fund industry reached an all-time high with assets under management (AUM) touching Rs 75.61 lakh crore in September 2025, reflecting a 12.7 per cent year-on-year growth, according to the latest Mutual Fund Industry Dashboard report published by Franklin Templeton. Equity-oriented funds accounted for the bulk of the growth, with AUM rising 9.5…

Indian pharmaceutical companies are increasingly setting their sights on the Russian market, exploring opportunities to establish production facilities across various regions there. This development was highlighted by Sergey Cheremin, Moscow Government Minister and Head of the Department for External Economic and International Relations, during the “TIME: Russia-India. Mutual Efficiency” forum.Cheremin revealed that productive negotiations are…