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Mumbai: India’s private banks showed contrasting trends in asset quality in Q2 FY26, with larger lenders maintaining stability while smaller players, particularly those under new leadership, reported setbacks in earnings. IndusInd Bank and Federal Bank, both navigating transitions under new MDs, did not post year-on-year growth in net profits as the chiefs accelerated clean-ups and…
New Delhi: Govt is unlikely to rush ahead with a package to aid exporters hit by Trump’s 50% tariff as it is yet to get a full assessment of the situation. Finance minister Nirmala Sitharaman told reporters she is seeking feedback from textiles and marine exporters, seen to be worst affected even as the impact…
Fugitive diamond merchant Nirav Modi Fugitive diamantaire Nirav Modi, imprisoned in the UK for over six years, told a London court that there are “sensational developments” expected when his extradition case to India reopens next month.The 54-year-old appeared before High Court Judge Simon Tinkler at the Royal Courts of Justice on Friday to present his…
HSBC on Friday projected that gold prices could surge to $5,000 an ounce in the first half of 2026, driven by geopolitical risks, economic uncertainty, and a wave of new market participants. As per news agency Reuters, the bank also raised its average gold price forecast for 2025 to $3,455 per ounce from $3,355, while…
Post the Goods and Services Tax (GST) rate cuts effective September 22, prices of 30 out of 54 daily-use items monitored by the government have seen more-than-expected reductions, while others are yet to fully reflect the intended benefits. The government is working with industry players to ensure further retail price drops where needed.As per news…
Gold prices retreated from record highs on Saturday, dropping Rs 2,400 to Rs 1,32,400 per 10 grams in the national capital, even as consumers thronged jewellery stores across India to mark Dhanteras. On Friday, 24-carat gold of 99.9 per cent purity had surged by Rs 3,200 to an all-time high of Rs 1,34,800 per 10…
Vande Bharat sleeper trains aim to offer Indian Railways passengers world-class passenger comforts and faster travel experience. The First AC coach will boast of cushioned berths and a plethora of passenger amenities such as bottle holders, ample luggage space, snack tables. (Design concept of First AC coach – source: Kinet Railway Solutions) Source link
Silver outshone gold this Dhanteras, with consumer demand for the white metal soaring despite record-high prices. As per news agency PTI, silver coin sales surged 35–40 per cent year-on-year, with overall value more than doubling, even as the All India Gem and Jewellery Domestic Council (GJC) projected a 15 per cent dip in gold volumes…
Jewellery shopping in India is increasingly moving online, with consumers embracing digital platforms for gold, diamond, and lab-grown diamond purchases. Once dominated by neighbourhood jewellers and in-person sales, the market is seeing growing trust in hallmark certifications, brand assurances, and seamless services, making online purchases more acceptable.According to a FICCI-Deloitte report, 73 per cent of…
Gold’s rally this year has reignited investor interest ahead of Diwali, with the yellow metal emerging as one of 2025’s strongest-performing assets. Global uncertainties, dovish central banks, and safe-haven demand have kept prices elevated.“Gold has witnessed a parabolic rally since August 2025, soaring from Rs 98,500 per 10 grams to a fresh all-time high of…
