The move to up the gold import duty comes days after PM Narendra Modi appeals to citizens to avoid unnecessary gold purchases for a year. (AI image) In a bid to keep foreign exchange reserves buffer intact, the government has raised the import duty on gold and silver to 15% from 6%. India is the…
Asian equities traded mixed on Thursday as the AI and tech rally began to lose steam. At the same time, traders have remained cautioned amid the intensifying conflict in the Middle East. In Hong Kong, Hang Seng Index inched 174 points to 26,563 while Japan’s Nikkei remained steady, inching 0.66% higher to 63,539. South Korea’s…
Rupee continued to tumble on Thursday, slumping 0.1% paise to 95.85 against US dollar in early trade. The currency has been continuously dragged down by rising crude oil prices and ongoing Middle East conflict. With this, the currency has recorded fall of 1.4% this week, breaching multiple record lows, according to Reuters.This comes after the…
Top stocks to buy today (AI image) Top stock market recommendations: Grasim Industries, Hindustan Unilever, and National Aluminium Co have been shortlisted as the top stocks to buy today (May 14, 2026) by Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group. The expert also shares his outlook for Nifty, and…
Oil prices edged higher on Thursday as traders remained cautious ahead of US President Donald Trump’s meeting with Chinese President Xi Jinping in Beijing. Oil markets have stayed elevated since the outbreak of the Middle East conflict, with disruptions in the Strait of Hormuz, a critical global oil transit route, continuing for 75 days.By 7:05…
The ongoing conflict in West Asia has not yet had a major impact on India’s retail inflation, though future price trends will depend on fuel costs, crop coverage and global supply conditions, according to a report by State Bank of India.The report said the trajectory of inflation in the coming months would largely be shaped…
The rupee slipped to a fresh all-time low against the US dollar on Wednesday, extending its recent losing streak as rising oil prices, overseas debt repayments and importer demand for hedging continued to weigh on the currency.The rupee weakened 0.1% to 95.7450 per dollar, moving past its previous record low of 95.7375 touched on Tuesday….
The proposed rail line is expected to improve connectivity between Ahmedabad and Dholera Special Investment Region. (AI image) Trains at the speed of 220 kmph may soon run on Indian Railways with the Cabinet Committee on Economic Affairs, led by PM Narendra Modi, approving a new railway line. The CCEA gave its go ahead for…
Equity benchmarks ended slightly higher on Wednesday after four straight sessions of losses, with buying in metal, energy and FMCG counters helping markets recover from sharp intra-day swings.The BSE Sensex settled 49.74 points, or 0.07 per cent, higher at 74,608.98, while the NSE Nifty50 gained 33.05 points, or 0.14 per cent, to close at 23,412.60.Markets…
US wholesale inflation accelerated sharply in April, with producer prices recording their biggest annual increase since December 2022 as the 10-week Iran war pushed up energy costs and added pressure on companies to raise prices for consumers, AP reported.The US Labor Department said on Wednesday that its producer price index (PPI), which measures inflation before…