Escalating prices of gold have contributed to the slowdown in gold purchases. (AI image) After aggressively buying gold in the last year, central banks around the world have now slowed down their purchases of the yellow metal. Central bank gold acquisitions have come down compared to last year, indicating a more measured stance amid global…
Vande Bharat sleeper train prototype Indian Railways is looking to roll out the first Vande Bharat sleeper train in the coming weeks. The prototype train set, built on the Vande Bharat platform, for long distance travel aims to offer faster and more comfortable passenger experience compared to the Rajdhani Express trains.Union railways minister Ashwini Vaishnaw…
Artificial Intelligence (AI) data centres could emerge as major consumers of global water resources in the next few years, according to a report by Morgan Stanley. The report, as cited by news agency ANI, projected that annual water use for cooling and electricity generation may rise to around 1,068 billion litres by 2028, an 11-fold…
V. Anantha Nageswaran discussed the potential economic impact of the United States’ trade measures. (AI image) US President Donald Trump’s 50% tariffs on India could shave off around 0.5% to 0.6% from India’s GDP growth, believes Chief Economic Adviser V. Anantha Nageswaran. The Donald Trump administration had imposed 25% tariffs on India effective August 7,…
Streamlined GST structure coupled with robust domestic economic indicators should sustain market momentum in the immediate future. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday. While Nifty50 was above 24,800, BSE Sensex was up almost 200 points. At 9:17 AM, Nifty50 was trading at…
File photo (Picture credit: AP) Asian markets opened the week on a firm note on Monday, with Tokyo leading gains after Japan’s Prime Minister Shigeru Ishiba announced his resignation, sending the yen lower and boosting exporters. At the same time, oil prices edged higher as Opec+ signalled a slower pace of output increases.Tokyo’s Nikkei index…
MUMBAI India’s home interiors market could double its pace of growth in five years as consumers are increasingly spending on personalised and functional living spaces helped by rising disposable incomes. The market, currently valued at $12.3 billion is projected to reach $24.5 billion by 2030, growing at a compound annual growth rate (CAGR) of about…
MUMBAI: Amid a growing local IPO market which has allowed space to startups with investors betting on India’s tech companies, a new segment is quietly finding its feet in the primary markets-co-working spaces. After Awfis, the first from the sector made a strong debut on the bourses last year, Smartworks and IndiQube Spaces followed. And…
NEW DELHI: Air India chief Campbell Wilson has told employees that there is nothing alarming about the go-around and flights returning to the bay in context of the carrier’s “scale and size” and said that the “the incidence rate is entirely normal”.“Over the past few months, our operations have garnered significant attention… Like all airlines,…
NEW DELHI: India Inc revenue will likely grow 6-7 % this fiscal because of the reduction in GST rates, as per Crisil Intelligence’s latest report.However, the anti-profiteering rule in the GST system may prevent companies from seeing a major increase in profit margins, the report added. The rating agency stated that the reductions in the…
