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India’s foreign exchange reserves declined by $2.119 billion to $723.608 billion for the week ended February 20, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.In the previous reporting week, the country’s overall reserves had risen sharply by $8.663 billion to touch a record high of $725.727 billion.During the…
Benchmark equity indices Sensex and Nifty fell more than 1 per cent on Friday as fresh foreign fund outflows and weak global cues weighed on investor sentiment amid rising geopolitical tensions.The 30-share BSE Sensex plunged 961.42 points, or 1.17 per cent, to close at 81,287.19. During the session, the index dropped as much as 1,089.46…
Gold prices traded in a narrow band on Friday, holding near elevated levels as domestic futures showed mild gains while retail markets reflected mixed trends across cities. Bullion sentiment remained supported by firm global cues even as some centres saw minor corrections.As of 15:19, gold futures on the Multi Commodity Exchange (MCX) indicated steady momentum….
Gold price prediction today (AI image) Gold price prediction today: Gold rates are showing a positive bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his detailed analysis on the intraday trading outlook:Gold April futures on MCX are trading near ₹1,60,100 after witnessing a sharp rebound from intraday lows…
Tax officials cannot routinely apply the Black Money Act (BMA) merely because a person has been treated as a ‘resident’ after remaining in India for more than 181 days against their will. (AI image) Delhi High Court’s recent order has changed the scope of imposing the Black Money law for individuals who have been forced…
CHENNAI: Asian footwear manufacturers are reviving plans to set up non-leather footwear factories in India, targeting exports to the American market, following a reduction in tariffs on Indian goods. Several investment proposals that had slowed over the past year after high tariffs were imposed by US President Donald Trump are now regaining momentum.Close to a…
MUMBAI: Retail investors looking for a simpler way to plan for long-term goals such as retirement and children’s education may soon have some easier options. Markets regulator Sebi on Thursday allowed fund houses to launch life cycle funds.Life cycle funds are open-ended schemes designed around a target maturity date and a pre-set asset allocation glide…
MUMBAI: US tariffs never impacted Crocs’ sourcing plans from India, a market key to the American footwear company’s supply chain diversification strategy and where it has expanded to five factories over the past three years, said EVP and brand president Anne Mehlman, adding that lower tariffs now gives the firm more room to broaden sourcing…
MUMBAI: The old joke about bankers was that they would lend you an umbrella when the sun was shining. Following the pushback against the surge in unsecured loans, that is what banks are doing, lending to customers who already have the resources. However, many customers are taking personal loans despite having savings, given the convenience…
NEW DELHI: Smartphones, led largely by Apple’s iPhone, emerged as India’s top export category for the first time, overtaking automotive diesel fuel in 2025, official data showed, indicating the impact of policy measures to boost exports. Exports of smartphones during Jan-Dec 2025 rose to about $30.1 billion, up 47.5% from $20.4 billion in 2024, while…
