Gold price prediction today: Gold prices are unlikely to rise too much unless crude oil prices come down for a longer term duration, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
Separately, the group reached a settlement with the US Treasury Department over civil allegations linked to sanctions violations. Adani group stocks today: After the US Department of Justice withdrew all criminal allegations against billionaire Gautam Adani and his nephew Sagar Adani, shares of Adani group rallied on Tuesday. Stocks of several Adani Group firms, including…
Rupee continued its downward journey against the US dollar on Tuesday morning, falling 18 paise to 96.38 in early trade. This comes amid concerns around rising crude oil prices and ongoing Middle East tensions, that dragged down market sentiment.Since the Iran war began in late February, rupee has declined by more than 5%, trimming 2.2%…
AI representational image Boston headquartered Liberty Mutual Insurance has increased its stake in its Indian venture Liberty General Insurance to 74% as of May 18, after raising its shareholding from 49% to 55.4% in Sept 2025. The Indian insurance firm had started as a joint venture between Liberty and the Videocon Group.Videocon exited the joint…
Petrol and diesel prices across the country registered another increase on Tuesday, rising by around 90 paise per litre. This marks the second hike in fuel rates in less than a week.Diesel prices have gone up by 91 paise per litre, while petrol has become costlier by 87 paise per litre. The latest revision follows…
India’s purchases of Russian crude have remained elevated. (AI image) Making its energy security mandate clear, India has said that it is buying crude oil from Russia irrespective of a sanctions waiver by the US. The statement from Sujata Sharma, joint secretary in the petroleum ministry comes days after a Bloomberg report said that India…
Commerce and Industry Minister Piyush Goyal on Monday urged industry stakeholders to identify products that can be manufactured domestically to reduce India’s dependence on imports and strengthen local production capabilities, PTI reported.Addressing domestic traders, the minister also asked industry to focus on boosting exports and prioritising products made in India over imported goods.“You should keep…
India’s current account deficit (CAD) is likely to widen sharply to 2.3 per cent of GDP in FY27 from 0.9 per cent in FY26 amid elevated oil prices and external sector pressures, according to a report by foreign brokerage HSBC, PTI reported.The report also projected the balance of payments (BoP) deficit to widen to $65…
Mumbai: IPO-bound Muthoot Fincorp sees increased duty on gold adding to loan growth as higher prices post the hike expand borrowing headroom, even as the company has begun tracking end-use of loans from April in line with Reserve Bank of India norms and finds that a majority 70% are for productive purposes rather than consumption.Explaining…
With waiver lapsing, flows are likely to remain broadly stable, although they could ease modestly from March levels. (AI image) The Donald Trump administration may have allowed the sanctions waiver on Russian crude to expire on May 16, but India has made it clear that it will continue to procure oil from Moscow. The sanctions…
