Gold rate today: Ahead of Dhanteras, gold prices hit record high of Rs 1.28 lakh per 10 grams; will the rally sustain?

Gold is also likely to remain a safe-haven asset, supported by concerns over rising and potentially unsustainable debt levels. (AI image) Gold rate today: Gold prices are continuing their record run, with yellow metal rising to Rs 1,28,395 per 10 grams in MCX Gold futures trading. Internationally, gold prices crossed the $4,250 per ounce mark.Gold…

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Big boost for semiconductor mission: India’s first multi-chip module rolls out; firm ships 900 power units to US firm AOS

In a significant leap for India’s semiconductor ambitions, the country’s first commercially packaged multi-chip module (MCM) rolled out early Wednesday from Kaynes Semicon’s outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat. The shipment, comprising 900 intelligent power modules (IPMs), has been delivered to California-based Alpha & Omega Semiconductor (AOS). A milestone for India…

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Gold & silver price prediction today: Will bullish momentum of MCX Gold, MCX Silver continue ahead of Diwali? Here’s the outlook for gold, silver rates

Given the ongoing geopolitical tensions, inflationary concerns, and a weak global economic outlook, gold remains a preferred safe-haven asset. (AI image) Gold and silver price prediction today: Both gold and silver prices are exhibiting strong bullish momentum and investors should look to buy on dips, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional…

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Rupee rises by 1% on RBI intervention

The Indian rupee rallied strongly on Wednesday, surging nearly 1% after Reserve Bank of India went on the offensive following weeks of defending the currency, sparking speculation of a likely policy rethink. RBI likely sold dollars both in the offshore and onshore markets, according to people familiar with the matter who declined to be identified…

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‘Old’ is gold this wedding season

MUMBAI: With gold prices hitting through the roof, Indians are making more with less this big, fat wedding season. For one, many consumers are exchanging old gold, which somewhat helps ease the burden of steep prices of the yellow metal, synonymous with desi shaadis. “Many consumers are exchanging old gold to offset higher prices, while…

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Galeries Lafayette sets foot in India with Mumbai store

MUMBAI: Parisian luxury department store Galeries Lafayette is tapping India for growth, a market it said lacks luxury retail avenues for high spending consumers who shop for a spate of labels across pricey fashion houses and shopping stores abroad.The retailer’s flagship store in Paris’s Boulevard Haussmann is the second most-visited tourist spot in the French…

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India’s growth fundamentals ‘very strong’! RBI governor Sanjay Malhotra dismisses worries on Trump tariffs; ‘not a matter of huge concern’

Malhotra affirmed on Wednesday that Indian markets possess significant depth, whilst highlighting the country’s robust macroeconomic fundamentals. (AI image) India’s economic story is strong, and with a largely domestically driven economy, the impact of US tariffs is not a matter of huge concern, believes RBI governor Sanjay Malhotra. The Donald Trump administration has imposed 50%…

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Infosys ramps up lateral hiring: Tech giant offers cash referral bonuses; signals strong demand for tech talent

Infosys has stepped up lateral hiring across its development centres in India, offering cash rewards to employees who recommend candidates for open positions, signaling growing momentum in mid-career recruitment at the Bengaluru-headquartered software giant, according to an ET report.In an internal communication, Infosys outlined referral bonuses of Rs 10,000 for job level 3 hires, Rs…

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