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Silver futures reached a record high, driven by strong global cues and optimism from China's retail data, while gold prices corrected due to profit-taking and easing tensions in West Asia. Silver is consolidating gains with potential to rise further, supported by geopolitical uncertainty and inflationary pressures. Gold prices fell as traders assessed the likelihood of a full-scale regional war.
The Indian rupee weakened to 86.34 against the US dollar due to rising crude oil prices and geopolitical tensions in the Middle East. A stronger dollar and subdued domestic equities further pressured the rupee. Despite bearish cues, for ...more
The Competition Commission of India (CCI) has approved Delhivery's acquisition of a 99.4% stake in Ecom Express for up to Rs 1,407 crore. This deal, announced in April, signifies a major consolidation within India's logistics sector. De ...more
Meanwhile, Hindustan Zinc’s board has approved a ₹12,000 crore investment to expand its integrated refined metal capacity by 250 ktpa.
India's oil demand is projected to surge by a million barrels per day over the next five years, becoming the primary driver of global demand growth, fueled by a rapidly expanding middle class, urbanization, and industrialization. This i ...more
Shotwell says grant of licence to Starlink marks great start to the journey
L&T is advancing in clean energy, especially green hydrogen and Small Modular Reactors, and has secured land in Gujarat for manufacturing green hydrogen and ammonia units
Railways Minister Ashwini Vaishnaw inaugurated India's largest Gati Shakti Multi-Modal Cargo Terminal at Maruti Suzuki's Manesar plant, enhancing logistics efficiency. Indian Railways is expanding capacity by adding general coaches, upg ...more
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