Gold rate today: Gold prices soared by Rs 900 to Rs 1,06,970 per 10 grams in the national capital on Friday, edging closer to record highs amid rupee weakness, firm global trends, and expectations of a US Federal Reserve rate cut later this month.According to the All India Sarafa Association, gold of 99.5 per cent…
Tesla CEO Elon Musk could be in line for a payout worth as much as $1 trillion if the electric carmaker meets a series of highly ambitious targets over the next decade, according to a regulatory filing released on Friday, the news agency AP reported.The proposed package includes a dozen share tranches linked to goals…
The Gem and Jewellery Export Promotion Council (GJEPC) on Friday said that recent GST reforms have delivered significant relief to the diamonds and jewellery sector, easing costs for both exporters and consumers.The government’s move to exempt imports of natural cut and polished diamonds up to 25 cents under the Diamond Imprest Authorisation Scheme (DIAS) from…
India’s food processing sector, which contributes 7.7% to the country’s manufacturing output and supports more than 7 million jobs, is projected to grow to $535 billion by FY26, industry experts said at the Fi India and ProPak India event organised by Informa Markets.The industry is being propelled by rising consumption, higher exports, government support under…
Government think-tank Niti Aayog has outlined a comprehensive strategy to make India self-sufficient in pulses by 2030 and double production by 2047, projecting output to rise from 26.06 million tonnes (MT) in 2022 to 34.45 MT by 2030 and further to 51.57 MT by 2047.According to the report, the projections are based on aggregate as…
The latest Goods and Services Tax (GST) rate rationalisation is expected to deliver a significant boost to the fast-moving consumer goods (FMCG) sector, according to a report by Nuvama.As per news agency ANI, the brokerage noted that almost the entire FMCG pack will benefit from the announced tax cuts, which are likely to translate into…
Banks in several states are closed today, September 5, on account of Id-E-Milad and Thiruvonam, according to the Reserve Bank of India’s (RBI) holiday calendar for the month.Customers have been advised to check with their respective branches before visiting, reported ET.As per the RBI notification, banks will not be operational today in Gujarat, Mizoram, Maharashtra,…
Gold price prediction: Gold’s intraday setup remains constructive with EMA crossover support, healthy RSI levels, and a positive MACD structure. (AI image) Gold price prediction today: Gold rates are touching a life-time high and a ‘buy on dips’ strategy may work, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is…
August diesel exports to Europe increased 73% from last month. (AI image) The European Union’s new restrictions on Russia’s crude oil have led to a massive surge in diesel shipments from India. India’s diesel shipments to Europe jumped 137% year-on-year, reaching 242,000 barrels per day (bpd) in August, as customers prepared for the European Union’s…
The central government’s revenue loss from the recent GST rate cuts is projected to be only around Rs 3,700 crore in FY26, cushioned by stronger consumption and higher tax collections, according to a report by the State Bank of India (SBI).As per news agency ANI, the report noted that while the government, based on FY24…
