[ad_1] MUMBAI: Rallying for the fourth consecutive session, gold futures contracts expiring in August, October, and December on the Multi Commodity Exchange (MCX) topped the Rs 1 lakh/10gram mark on Tuesday. In spot markets around the country, the precious metal was trading just under that mark.The upsurge in the yellow metal’s rate came after its…
[ad_1] Wall Street‘s main indexes rebounded on Tuesday as investors shifted their focus to corporate earnings following President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell, which triggered a sharp selloff in the previous session.With a wave of quarterly earnings reports being released, investors are looking for clues on how companies are handling…
[ad_1] MUMBAI: Non-bank lender Mahindra Finance on Tuesday reported a 9 per cent decline in standalone profit to Rs 563 crore in the March quarter. The Mahindra Group’s financial services arm had posted a net profit of Rs 619 crore in the year-ago period. Its core net interest income grew 9 per cent to Rs…
[ad_1] US President Donald Trump fired a fresh salvo against Federal Reserve chairman Jerome Powell, escalating attacks for resisting further interest rate cuts. The clash is rattling financial markets, raising a critical question: Can Trump actually fire Powell?The answer is murky—and the implications could be huge.Under the Federal Reserve Act of 1913, members of the…
[ad_1] Aerospace major Boeing announced on Tuesday that it will sell parts of its digital aviation solutions business to software-focused investment firmThoma Bravo in a deal valued at $10.55 billion.The agreement includes the sale of Jeppesen, an 81-year-old aviation navigation company that Boeing acquired in 2000. Despite the divestiture, Boeing stated it will retain its…
[ad_1] Moon Beverages, a leading Coca-Cola bottler in India and part of the diversified MMG Group, is weighing an Initial Public Offering (IPO) to fuel its ambitious growth plans, a top company executive said.According to PTI, Moon Beverages aims to double its revenue within the next three to four years, driven by increased production capacity,…
[ad_1] China has deployed an innovative gold ATM in Shanghai that processes gold items by melting them, verifying their authenticity and mass, before transferring the corresponding value to users’ accounts within 30 minutes, without documentation. This advancement, created by the Shenzhen-based Kinghood Group, has gained traction at a time when global gold prices are skyrocketing….
[ad_1] India's macroeconomic fundamentals stronger compared to previous global crises: Report With the steep fall in crude oil prices and worldwide commodity markets experiencing strain, India’s economic indicators demonstrate remarkable resilience compared to earlier international downturns, according to an analysis from Motilal Oswal.Despite global uncertainties, India’s better performance can be attributed to domestic resilience and…
[ad_1] Trump trade war: Ajay Srivastava, founder of Global Trade Research Initiative (GTRI) has said that India must strategically engage with both giants – China as well as US and refrain from siding with any one of the two in the ongoing tariff war. India must follow the principles of global trade, rather than personal…
[ad_1] Gensol Engineering promoters Anmol and Puneet Singh Jaggi The Enforcement Directorate (ED) is preparing to question Gensol Engineering promoters, Anmol and Puneet Singh Jaggi, in connection with the ongoing investigation into the Mahadev Book app illegal betting and money laundering case, according to sources cited by the Economic Times. While formal summons have not…
