1/10 India celebrated its 71st Republic Day on Sunday, January 26, 2020. Massive security arrangement was put in place across the national capital for Republic Day. More than ten thousand security personnel were deployed to keep a tight vigil and prevent any untoward incident. Sharpshooters and snipers were deployed over high rise buildings to keep […]
The commerce ministry has sought a reduction in the import duty on gold in the forthcoming budget with a view to push exports and manufacturing of the gems and jewellery sector, sources said. In July this year, the centre hiked gold import duty to 15 per cent from 10.75 per cent to check the current […]
Wall Street’s main indexes rallied on Friday as a slew of economic data including cooling wages and moderation in U.S. jobs growth in December calmed worries over the Federal Reserve’s rate-hike trajectory.The nonfarm payrolls rose by 223,000 jobs in December, data from the Labor Department showed, while a 0.3% rise in average earnings was smaller […]
– By Sakshi Suneja After shining brightly during CY2021-22, exports of cut and polished diamonds (CPDs) lost their sheen in CY2023. In 10M CY2023, India exported $15.3 billion worth of natural diamonds, a whopping YoY decline of 25%. The contraction in exports was largely volume-driven, as reflected by 20% YoY reduction in volumes due to […]
By Saumil Gandhi Commodity prices dropped last week except gold prices, with most commodities tumbling earlier in the week as fears of more aggressive U.S. interest rate hikes hit demand. However, some of them recovered losses on Friday post US job market data. Commodities markets were extraordinarily active in the last trading session of the […]
By Subash Gangadharan Markets slid down further this week before recovering sharply from the lows. The bounce-back happened from close to the 200 day EMA. Selling pressure again seen on Wednesday ensured it was a negative and volatile week. On the Daily chart, we observe that 200 day EMA has acted as a support during […]
The Securities and Exchange Board of India (Sebi) may revive plans to create a central database or data repository to store beneficial ownership details of foreign portfolio investors (FPIs), according to people in the know. The proposal to create such a central database was mooted a few years ago by the HR Khan Committee, but […]
NSE Nifty 50 may jump 10 per cent from current levels to 17500 by mid-July, says Sanjiv Bhasin, Director, IIFL Securities. In today’s session, Nifty 50 hit a day’s low of 15,760.95. Sanjiv Bhasin in interview with Surbhi Jain of FinancialExpress.com, said that BSE Sensex could fall to 53000 on the downside, and then reclaim […]
Warren Buffett, the CEO of Berkshire Hathaway, is one of the most successful investors and business magnates of all time. His journey to becoming a billionaire began with his early investments and savvy business decisions that helped him build his wealth and create a lasting legacy. Buffett was born in Omaha, Nebraska, in 1930 and […]
U.S. stock futures were subdued on Thursday after Wall Street‘s main indexes staged a rally in the previous session, with investors awaiting jobs data to assess the strength of the labor market. The Labor Department’s report at 8:30 a.m. ET is expected to show the number of Americans filing for state unemployment benefits increased last […]
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