Manoj Kumar Jain told ET that a concrete peace settlement between the United States and Iran may be necessary to provide stability and support to the bullion market. According to him, silver is expected to find support near $64 per troy ounce, while gold could maintain levels above $4,343 per troy ounce on a weekly…
The conflict between the US, Iran and Israel is no longer just in the Middle East, it is quietly slipping into portfolios, monthly budgets, and yes, even that study-abroad dream!On February 28, the US and Israel launched joint strikes on Iran, and the ripple effects are now being felt right at home. At the centre…
Food and beverages major PepsiCo will invest up to Rs 5,700 crore in India by 2030, with the planned spending largely aimed at expanding manufacturing capacity across its foods business, PTI reported.The investment will primarily support facilities in Madhya Pradesh, Assam and Tamil Nadu as the company looks to strengthen its footprint in one of…
With a decentralised Application Programming Interface (API)-based model aimed at reducing costs, lowering latency and improving service delivery for market participants, market regulator Sebi on Tuesday proposed a major overhaul of the existing Straight-Through Processing (STP) framework seeking to replace the current centralised hub-based structure, PTI reported.In a consultation paper, Sebi proposed removing the current…
More than 8,800 Corporate Insolvency Resolution Processes (CIRPs) had been admitted under the Insolvency and Bankruptcy Code (IBC) till December 2025, with creditors realising over Rs 4.11 lakh crore through approved resolution plans, Financial Services Secretary M Nagaraju said on Tuesday, PTI reported.More than 4,000 corporate debtors have also been rescued through resolution, settlements, withdrawals…
The Insolvency and Bankruptcy Board of India (IBBI) has introduced fresh guidelines for empanelment of insolvency professionals to streamline and speed up appointments in corporate insolvency and bankruptcy proceedings, PTI reported.The revised framework lays down procedures for preparing a panel of insolvency professionals (IPs) who can serve as Interim Resolution Professionals (IRPs), Resolution Professionals (RPs),…
US stock markets extended losses on Tuesday, with Wall Street moving further away from record highs as technology stocks lost momentum and investors remained cautious over rising bond yields, oil price volatility and geopolitical uncertainty.The S&P 500 declined 0.5 per cent and was headed for its third consecutive decline after recently touching a record high….
The rupee extended its losing streak for an eighth consecutive session on Tuesday, tumbling 50 paise to close at a record low of 96.70 against the US dollar amid elevated crude oil prices, persistent foreign fund outflows and a stronger dollar driven by global risk aversion, PTI reported.The rupee, which has emerged as Asia’s worst-performing…
India appears to be facing one of its toughest economic challenges in recent years. (AI image) India appears to be facing one of its toughest economic challenges in recent years. Oil, gold, fertiliser and other commodity prices are elevated. The foreign portfolio investors are continuing to sell. Imports remain unabated. Exports are facing headwinds. Remittances…
Delhi’s peak power demand climbed to a season-high 7,776 MW on Tuesday as temperatures in the national capital crossed 45 degrees Celsius with the city recording its hottest day of the summer so far, PTI reported.According to the State Load Dispatch Centre (SLDC) Delhi, the peak power demand reached 7,776 MW at 3.30 pm. On…
