Gold surges Rs 950 to Rs 97,500/10 g amid firm global cues
NEW DELHI: Gold price rallied by Rs 950 to Rs 97,500 per 10 gram in the national capital on Tuesday amid firm trend in overseas markets, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity jumped Rs 1,000 to Rs 97,100 per 10 gram. On Monday, gold of 99.9 […]
Inflation cools to 6-yr low of 3.16 pc in April; sparks more rate cut hopes
NEW DELHI: Retail inflation eased to a nearly six-year low of 3.16 per cent in April mainly due to subdued prices of vegetables, fruits, pulses, and other protein-rich items, creating enough room for the Reserve Bank to go for another round of rate cut in the June monetary policy review. The Consumer Price Index (CPI) […]
India looking at customs mutual recognition agreements with 10 more nations by Dec: Official
NEW DELHI,: India has signed mutual recognition agreements (MRAs) with customs authorities of nine countries and is looking at inking such pacts with 10 more nations by December this year, a government official said on Tuesday. Under this agreement, trade facilitation is extended reciprocally. Akhil Kumar Khatri, Principal Commissioner, Directorate of International Customs (DIC), said […]
LIC hikes stake in Bank of India to 8.38 pc
NEW DELHI: Life Insurance Corporation (LIC) has hiked its stake in Bank of India (BoI) to 8.38 per cent as of May 9. LIC has bought about 2.026 per cent stake in public sector BoI between September 2, 2021, and May 9, 2025, BoI said in a stock exchange disclosure on Tuesday. LIC’s stake in […]
IFFCO starts production of nano liquid DAP at 2 new plants in Uttar Pradesh
NEW DELHI,: Cooperative IFFCO, one of the major fertiliser firms in the country, has commenced commercial production of nano liquid DAP (di-ammonium phosphate) at two new plants in Uttar Pradesh, each having a capacity of 2 lakh bottles per day. In a social media post, IFFCO said it has “started the commercial production of IFFCO […]
Multiple shopping malls to open by 2026 in 7 cities with 16.6mn sq ft space: Anarock
NEW DELHI,: India’s seven major cities will witness a fresh supply of 16.6 million (166 lakh) sq ft of prime retail spaces in shopping malls by the end of the next year, according to Anarock. Real estate consultant Anarock data shows that over 16.6 million (166 lakh) sq ft of Grade A supply will be […]
Lupin launches generic version of kidney disorder treatment drug in US
NEW DELHI: Pharma major Lupin Ltd on Tuesday said it has launched the generic version of Tolvaptan tablets used to slow kidney function decline in the US market, following the recent approval received from the country’s health regulator. The company has launched Tolvaptan tablets of strengths 15 mg, 30 mg, 45 mg, 60 mg, and […]
PhonePe system faces outage due to technical glitch
NEW DELHI,: The country’s biggest fintech firm PhonePe reported a technical glitch in its system that led to the failure of transactions on its platform. PhonePe co-founder Rahul Chari said that the company at PhonePe has initiated active DR drills, with heightened cybersecurity measures on its network firewall. “This evening, 100 per cent of our […]
Russian coal reserves to last five centuries, sees vast potential for cooperation with India
MOSCOW, May 12 : Russia’s coal reserves are enough to meet demand for more than five centuries and the country sees vast potential for cooperation with India, Russian Energy Ministry Officials here have said. The new environment-friendly and safe coal mining hubs will provide up to 250 million tonnes of additional production capacity by 2025, […]
Trump’s drug price cut plan may trigger global repricing, pressure on India: GTRI
NEW DELHI, : US President Donald Trump’s plan to sign an executive order to cut prescription drug prices by 30-80 per cent could lead to a global price adjustment with pharma firms pushing lower-cost countries like India to raise prices, according to the economic think tank GTRI. The US move could push prices in lower-cost […]
