Mumbai: Prism, the parent company of Oyo, has secured markets regulator Sebi’s nod to go ahead with its IPO in what will be its third attempt at going public, said people aware of the matter. The company is seeking to raise up to Rs 6,650 crore through fresh issues of shares and is targeting a…
India has tightened restrictions on silver imports by bringing additional categories, including silver grains and powder, under the restricted list and requiring prior government approval for shipments, according to a government order issued on Tuesday.Under the revised rules, imports of silver in the form of grains, powder, other forms, and products containing 99.9 per cent…
Wall Street’s record-breaking rally slowed on Tuesday as shares of Alphabet fell sharply after the Google parent announced plans to raise fresh capital to fund its growing investments in artificial intelligence.The S&P 500 slipped 0.1 per cent after hitting another all-time high a day earlier. The Dow Jones Industrial Average rose 65 points, or 0.1…
The US-India Business Council (USIBC) on Tuesday said dialogue on India-US agricultural cooperation held in Washington, describing it as an important initiative to strengthen collaboration between the two countries in the farm sector.The discussions took place during a meeting hosted by USIBC with a PHDCCI delegation led by IFFCO Chairman Dileep Sanghani.Following the engagement, USIBC…
The Reserve Bank of India’s Monetary Policy Committee (MPC) begins its three-day meeting on Tuesday amid growing inflation concerns, with a majority of economists and treasury heads expecting the central bank to keep interest rates unchanged this week while signalling a tighter stance later in the financial year, PTI reported.The six-member MPC, headed by RBI…
Rising petrol and diesel prices could rekindle inflationary pressures in the economy by increasing transportation, logistics and manufacturing costs, with the impact likely to be felt across food and consumer goods categories in the coming months, according to a Crisil report released on Tuesday.Petrol and diesel prices have risen by around Rs 7.5 per litre…
Screen grab from X @AshwiniVaishnaw’s video The Mumbai-Ahmedabad Bullet Train project achieved its third mountain tunnel breakthrough in Maharashtra within five months, marking another milestone in the construction of India’s first high-speed rail corridor.The breakthrough took place in Dahanu taluka of Palghar district in Maharashtra.Union railway minister Ashwini Vaishnaw on Tuesday posted on X, “Mumbai-Amdavad…
Gold price prediction today: Gold prices continue to be weighed down by inflation concerns amid geopolitical tensions and rising oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
According to an assessment by Bloomberg Economics, RBI sold gold worth around $12 billion during the two weeks ending May 22. (AI image) Amid the ongoing US-Iran conflict, the Reserve Bank of India may have sold some of its gold holdings to protect foreign exchange reserves from the economic fallout of the Middle East situation,…
Oil prices increased slightly on Tuesday amid ongoing uncertainty over talks between the United States and Iran and speculation around the potential reopening of the Strait of Hormuz, one of the world’s most critical energy transit routes.Brent crude futures rose by 0.06% to $95.04 a barrel, while US West Texas Intermediate declined slightly by 0.18%…