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Economy / News Track

Gold Prices Retreat Ahead of US Fed Meeting; Analysts Eye Hawkish Signals

Gold prices have taken a dip by Rs.3,500 from their peak. All eyes are on the outcome of the US Federal Reserve meeting. Today's Gold Rates: As anticipation builds for the US Federal Reserve meeting, gold prices worldwide are feeling the squeeze. On the Multi Commodity Exchange (MCX), gold rates for June 2024 delivery closed yesterday at Rs.70,466 per 10 grams, marking a decrease of about Rs.3,500 from its highest ever level of Rs.73,958 reached on April 12, 2024. Internationally, COMEX gold

1 May 2024 5:35 pm
Chinese Smartphone Brands Partner with Reliance for India Expansion

Chinese smartphone companies are teaming up with Reliance Retail's distribution arm to strengthen their presence in India, especially in rural areas. Poco, a sub-brand of Xiaomi, has partnered with Jio Mart Digital (JMD) to distribute its devices to over 80,000 retail stores across the country. This move comes as offline retail sales have surged to over 61% in the first quarter of 2024, according to Counterpoint Research. Poco has expanded its offline presence in key cities like Delhi, Banga

1 May 2024 5:35 pm
Jet Fuel Sees Marginal Hike, Commercial LPG Rates Drop: See Fuel Market Dynamics Outlook

Jet fuel prices saw a slight increase of 0.7 percent, while commercial LPG rates took a dip of Rs 19 per cylinder, aligning with global trends. In New Delhi, the price of Aviation Turbine Fuel (ATF) rose by Rs 749.25 per kilolitre, reaching Rs 101,642.88 per kl, a modest increment from the previous rate. Mumbai witnessed a similar uptick, with prices climbing to Rs 95,173.70 per kl. However, rates may vary across states due to local taxes. Simultaneously, commercial LPG prices witnessed a reduct

1 May 2024 3:35 pm
How UnoGreen Smart Business Cards Are Winning Trust Across Industry Giants

Introduction: Redefining Professional Networking with Technology In an era where first impressions and swift data exchange are pivotal, UnoGreen Smart Business Cards are setting new standards. Led by Founder and Managing Director Mr. Sagar Punwani and supported by co-founders Ms. Lyric Agarwal, Mr. Antriksh Bajaj, and Mr. Rohan Pawar, UnoGreen has become synonymous with innovation and reliability in business networking. Trusted by Leading Brands UnoGreen's NFC business cards are recognized f

29 Apr 2024 5:35 pm
Sukhmeet S. Arora Unveils Life's Mysteries Through the Ancient Art of Coffee Cup Reading at ELINA Inundation

Coffee Cup Reading, also known as Tasseomancy, is an intriguing method of divination aimed at understanding and foreseeing the present and future. It involves a deep connection with the residual coffee grounds and our higher selves, making the practice highly intuitive and capable of revealing the seeker's narrative regarding any aspect of life effectively. Moreover, this technique serves as a self-development tool, enhancing creative visualization and clairvoyance skills. Its origins can be

28 Apr 2024 1:35 pm
RBI Outlines Path for SFBs to Become Universal Banks

The Reserve Bank of India (RBI) has released guidelines for the voluntary transition of small finance banks (SFBs) to universal banks. According to the central bank's guidelines, eligible small finance banks must have a minimum net worth of Rs 1,000 crore by the end of the previous quarter and comply with the prescribed CRAR requirements. SFBs aiming to become universal banks must have scheduled status and a satisfactory track record of performance for at least five years. In addition, the s

27 Apr 2024 3:35 pm
India Emerges as Fastest-Growing Economy for 3rd Successive Year: FM Sitharaman

Jaipur, India: Union Finance Minister Nirmala Sitharaman heralded India's economic prowess, affirming its position as the fastest-growing economy for the third consecutive fiscal year. Speaking at a dialogue program with industrialists and businessmen, Sitharaman underscored the potential for sustained growth in the years ahead, identifying the next quarter-century as pivotal for India's trajectory. Highlighting India's economic achievements, Sitharaman pointed to an impressive eight

16 Apr 2024 5:11 pm