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HYDERABAD: Gold and silver surged past their previous peaks to set new highs in the international and domestic markets on Monday. On MCX, Feb gold futures leapt over Rs 1,700 to an all-time high of Rs 1,36,646 per 10gm, mirroring spot prices on Comex that pierced $4,400/oz for the first time. MCX March silver futures…
NEW DELHI: Capital infusion by Japan’s Mitsubishi UFJ Financial Group (MUFG) will strengthen Shriram Finance’s balance sheet as well as provide long-term growth capital. MUFG has said it will invest Rs 39,618 crore in Shriram Finance through a preferential allotment of equity shares, acquiring a 20% stake in the non-bank lender. MUFG will make the…
NEW DELHI: The India-New Zealand Free Trade Agreement (FTA) is set to ease mobility for Indian students and skilled professionals, while opening up fresh opportunities for exporters, manufacturers and service providers in a deal that is expected to widen New Delhi’s influence in the Indo-Pacific region. .The agreement removes numerical caps on Indian students in…
India and New Zealand have concluded negotiations on a free-trade agreement, but its immediate impact on merchandise trade is likely to be limited given bilateral flows of just $2.1 billion in FY2025, according to a Global Trade Research Initiative (GTRI) analysis.The agreement, finalised on December 22 following a phone call between Prime Minister Narendra Modi…
With most major retailers across the US either closing early on Christmas Eve or remaining shut for the entire Christmas Day, shoppers planning last-minute errands are being advised to check store timings carefully before stepping out.According to an AP report, operating hours can vary widely by location, with some chains opting for limited or modified…
In the last five years, India has sealed seven significant trade pacts as part of its effort to expand its global economic footprint. (AI image) India announced concluding a Free Trade Agreement (FTA) with New Zealand on Monday paving the way for duty-free entry of Indian goods into New Zealand and a planned inflow of…
As Indian equities head into the final trading sessions of the year, the familiar question around the Santa Claus rally has resurfaced, with historical data and recent market signals pointing towards smaller stocks once again stealing the spotlight.Data from SAMCO Securities shows that smallcap stocks have delivered the strongest performance during the Santa Claus period…
US stock markets opened the holiday-shortened week on a positive note on Monday, with major indices posting modest gains amid light trading volumes and heightened moves in commodities.The S&P 500 rose 0.4% in early trade, hovering just below the all-time high it set earlier this month. The Dow Jones Industrial Average was up 170 points,…
Shares of several railway-linked companies surged in afternoon trade on December 22, as stock-specific triggers and rising pre-Budget expectations sparked fresh buying interest across the sector.Jupiter Wagons, IRCTC, RailTel and RVNL were among the top gainers, with some stocks rising as much as 15%, according to an ET report. The rally comes just over a…
The concluded India–New Zealand free trade agreement includes a tightly ring-fenced investment arrangement that will allow New Zealand firms to process dairy inputs in India exclusively for re-export, while keeping India’s domestic dairy market fully protected, Commerce and Industry Minister Piyush Goyal said on Monday, PTI reported.Under the arrangement, firms from New Zealand can bring…
