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Gold prices climb from 1-week low amid weaker dollar, festive demand
Business

Gold prices climb from 1-week low amid weaker dollar, festive demand

Mumbai, Nov 6: Gold rose significantly from its one-week low on Thursday amid dollar decline, increased safe-haven buying and fresh demand ahead of the peak wedding season.The rise came even as headwinds from stronger-than-expected US jobs data dampened expectations for another Federal Reserve...
India’s services sector grows steadily; PMI at 58.9 in Oct, optimism high
Business

India’s services sector grows steadily; PMI at 58.9 in Oct, optimism high

New Delhi, Nov 6: India’s services Purchasing Managers' Index (PMI) stood at 58.9 in October as data still showed substantial, expansions in services output and new business, the data showed on Thursday.The seasonally adjusted HSBC India Services PMI Business Activity Index was comfortably...
Railways may start direct Jammu–Srinagar train service by year-end: Officials
Business

Railways may start direct Jammu–Srinagar train service by year-end: Officials

Jammu, Nov 6: A direct train service from Jammu to Srinagar is likely to begin before the year's end as all operational and redevelopment works in the Jammu division will be completed before November 30, said the Indian Railway officials.The operationalisation of the direct train from Jammu to...
Home Minister Amit Shah lauds Amul, IFFCO for global cooperative milestone
Business

Home Minister Amit Shah lauds Amul, IFFCO for global cooperative milestone

New Delhi, Nov 5: It is a testament to the boundless potential of the cooperatives, Union Home Minister and Minister of Cooperation, Amit Shah, congratulated daily giant Amul and Indian Farmers Fertiliser Cooperative Limited (IFFCO) for occupying the first two ranks among the top 10...
India ranks 2nd in global gold consumption, RBI reserves touch 880 tonnes
Business

India ranks 2nd in global gold consumption, RBI reserves touch 880 tonnes

New Delhi, Nov 5: Total consumer demand of gold in India increased to 802.8 tonnes in 2024, which is 26 per cent of the global gold demand taking India at second rank, next just to China with consumer demand of 815.4 tonnes, according to an SBI Research report on Wednesday.Domestic supply of...
India may shift from natural gas to hydrogen in 5–10 years, says official
Business

India may shift from natural gas to hydrogen in 5–10 years, says official

New Delhi, Nov 4: With hydrogen prices declining faster than anticipated, India could see hydrogen become a viable alternative to natural gas within the next five to ten years, making this route central to our decarbonisation and global competitiveness goals, a top Government official said on...
Air India dispatches relief flight to rescue stranded passengers in Mongolia
Business

Air India dispatches relief flight to rescue stranded passengers in Mongolia

New Delhi, Nov 4: Air India on Tuesday said it will operate a relief flight to ferry the passengers of San Francisco-Delhi flight which was diverted to Mongolia due to a suspected technical issue.Air India flight AI174, operating from San Francisco to Delhi via Kolkata on November 2, made a...
GJEPC urges govt for customs overhaul, easy credit to spur gems exports
Business

GJEPC urges govt for customs overhaul, easy credit to spur gems exports

New Delhi, Nov 4: The Gem and Jewellery Export Promotion Council (GJEPC) has called on the government to amend the Customs Act, offer concessional export credit, expedite the passage of the SEZ Act amendment, and form a National Gem and Jewellery Park Policy to enhance India's competitiveness...
Govt to launch third round of PLI scheme aimed at specialty steel
Business

Govt to launch third round of PLI scheme aimed at specialty steel

New Delhi, Nov 4: The government was set to launch the third round of the production-linked incentive (PLI) scheme for Specialty Steel on Tuesday, which is one of the key initiatives under the Atmanirbhar Bharat vision.The PLI 1.2 launch will be presided over by Union Minister H.D....
Aluminium industry seeks 15% customs duty to curb rising imports
Business

Aluminium industry seeks 15% customs duty to curb rising imports

New Delhi, Nov 3: The Aluminium Association of India (AAI), in a detailed representation to the Ministry of Mines, has called for a flat 15 per cent basic customs duty on aluminium products as the industry is facing a challenge from the surge in imports from surplus nations driven by global...
BSE settles 143 investor grievances in October, receives 120 fresh ones
Business

BSE settles 143 investor grievances in October, receives 120 fresh ones

Mumbai, Nov 3: The Bombay Stock Exchange (BSE) said on Monday that it resolved 143 investor complaints against 90 companies during the month of October.These include several complaints carried forward from previous months.During the same period, the exchange received 120 new complaints against...
GST collections rise 4.6% YoY to ₹1.96 lakh crore in October despite rate cuts
Business

GST collections rise 4.6% YoY to ₹1.96 lakh crore in October despite rate cuts

New Delhi, Nov 1: Despite rate rationalisation, the Goods and Services Tax (GST) collections rose 4.6 per cent (year-on-year) in the festive month of October at about Rs 1.96 lakh crore, the official data showed on Saturday.October also made it the 10th consecutive month that revenues remained...
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