Gold prices surged by Rs 600, reaching Rs 78,050 per 10 grams in the national capital on Tuesday, driven by a strong trend in the global market, according to the All India Sarafa Association.The precious metal, with a purity of 99.9 percent, closed at Rs 77,450 per 10 grams on Monday, as increased purchasing by…
NEW DELHI: BSE subsidiary Asia Index Private Ltd on Monday announced the launch of a new index called the BSE Select IPO. The index will track the performance of newly listed stocks on the exchange, whether they are introduced through a public offering or through a spin-off or demerger process. Asia Index said that the…
NEW DELHI: The Centre on Monday unveiled revised guidelines for state-run firms linked to dividend payment, buyback of shares, issue of bonus shares and splitting of shares and the measures are aimed at creating value in PSUs to maximise returns for govt and other shareholders.The Department of Investment and Public Asset Management (DIPAM) released the…
NEW DELHI: Quick commerce platform Zepto on Monday said announced the rollout of its cafe service in major cities and said it targets a revenue run-rate of Rs 1,000 crore by 2026. It will serve through over 120 Cafes at stores across Mumbai, Delhi, Bengaluru, and soon in Hyderabad, Chennai, and Pune, a company statement…
Donald Trump’s victory immediately buoyed markets from stocks to Bitcoin. Gold is going to take a lot longer to turn things around.In the two days following his win, Gold’s performance was the worst in at least 13 US presidential election windows, according to Deutsche Bank. Gold prices have dropped almost 7% since election day, even…
Municipal corporations need to impose adequate user charges for essential services like water supply and sanitation, to boost non-tax revenues and provide quality public services, according to a Reserve Bank of India (RBI) report. The ‘Report on Municipal Finances’ delves into the fiscal position of 232 municipal corporations (MCs) from 2019-20 to 2023-24 (Budget Estimates),…
Fast food giant McDonald’s is investing $100 million to bring back customers after an E. coli outbreak linked to onions in its Quarter Pounder hamburgers. The investment includes $65 million allocated directly to the franchises most affected by the outbreak, the company stated.The US Centers for Disease Control and Prevention had earlier stated that slivered…
NEW DELHI: Delhi-NCR ranks as the sixth costliest office location in the Asia Pacific region, with average monthly rentals of Rs 340 per sq ft, whilst Mumbai holds the eighth position, according to Knight Frank India‘s latest Asia-Pacific Prime Office Rental Index for Q3. Hong Kong SAR maintains its position as the region’s most expensive…
NEW DELHI: Venture capital fund General Catalyst, which has invested in companies like Zepto, Spinny and Cred, is looking to invest $800 million to $1 billion over the next three years in Indian startups.Having just closed $8-billion fund, it is eyeing investments in manufacturing, fintech, healthcare, energy transition and artificial intelligence (AI) and defence, said…
Moody’s Ratings in its lates Global Macro Outlook report on Friday projected Indian economy to grow by 7.2% in 2024, driven by gradual recovery in household spending and easing inflation pressures. The rating agency further projected growth rates of 6.6% and 6.5% in 2025 and 2026, respectively.“From a macroeconomic perspective, the Indian economy is in…
