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Economy / News Track

Gold and Silver Price Update for November 21, 2024: Latest Rates Across Indian Cities

Gold and silver prices have shown a slight increase today, Thursday, November 21, 2024. The price for 24-carat gold is now Rs.7,780.3 per gram, up by Rs.550, while 22-carat gold has risen to Rs.7,133.3 per gram, with an increase of Rs.500. Over the past week, the price of 24-carat gold saw a decrease of 0.89%. However, on a monthly scale, it has shown a rise of 4.33%. Silver is currently priced at Rs.95,200 per kilogram, marking an increase of Rs.500 per kilogram. Gold and Silver Prices in Major

21 Nov 2024 12:35 pm
Adani Group Faces U.S. Indictment: Dollar Bonds Plunge Amid $250 Million Bribery Scandal

Adani Green Energy Ltd. has withdrawn its planned $600 million U.S. dollar bond offering after facing serious allegations in the United States. The Eastern District of New York's court has charged the Adani conglomerate with bribery and civil securities fraud. The U.S. Securities and Exchange Commission (SEC) has accused billionaire Gautam Adani, the founder and chairman of the Adani Group, of deceiving American investors and bribing officials. The SEC claims that the bribery scheme was desi

21 Nov 2024 12:35 pm
Nokia Secures Major 5G Expansion Deal with Bharti Airtel in India

New Delhi: Nokia has signed a multi-year, multi-billion-dollar deal with Bharti Airtel to expand its 4G and 5G network infrastructure across key cities and states in India. The announcement highlights the continued partnership between the two companies, which spans over 20 years. Under the agreement, Nokia will deploy its cutting-edge equipment, including base stations, baseband units, and Massive MIMO radios, to enhance Airtel's 5G network capacity and coverage. The deployment also includes

20 Nov 2024 4:35 pm
Paytm Expands UPI Payments to Global Destinations, Enhancing Convenience for Indian Travelers

Indian travelers can now enjoy the convenience of making UPI payments internationally with the Paytm app. The digital payment platform announced that its users can make cashless transactions at destinations that support UPI, including popular travel spots like the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. This feature allows travelers to make purchases without needing cash, using a familiar payment method from home. The parent company of Paytm, One97 Communications Limited, made the

20 Nov 2024 10:35 am
Bitcoin Soars Past $94,000: Will the Trump Rally Push It Beyond $100,000?

Bitcoin surged to an all-time high of $94,000, fueled by a series of developments suggesting increased support for the digital asset market in the United States. This surge has been linked to a pro-crypto stance taken by President-elect Donald Trump. One of the key factors driving this rise is the news that Trump's media and technology group is in talks to acquire digital-asset platform Bakkt Holdings. This potential acquisition not only boosted Bitcoin but also led to a rise in the stock pr

20 Nov 2024 10:35 am
India's Renewable Energy Capacity Set to Hit 250 GW by March 2026

New Delhi: Indias renewable energy capacity, including large hydropower projects, is expected to reach 250 gigawatts (GW) by March 2026, rising from the current 201 GW as of September this year, a recent report highlighted. This growth is driven by an impressive project pipeline exceeding 80 GW, boosted by a surge in tendering activities in the 2023-2024 fiscal year. The governments push for renewable energy was marked by a 50 GW annual bidding target set in March 2023, leading to continued robu

19 Nov 2024 6:35 pm
Adani Airport Holdings Set to Go Public in 2-3 Years: Report

New Delhi: Adani Airport Holdings Limited (AAHL), the airport arm of the Adani Group, is reportedly planning to launch its initial public offering (IPO) within the next two to three years. Jeet Adani, Director of AAHL, shared his plans in a recent interview, outlining key objectives the company must achieve before moving forward with the IPO. These include the commercialisation and stabilisation of Navi Mumbai Airport, set to begin operations next year, city-side development around the airport i

19 Nov 2024 6:35 pm
Gold and Silver Prices on November 19, 2024: Check Today's Rates Across Major Cities

Gold and silver prices have seen a slight rise today, November 19, 2024. The price of 24-carat gold has increased by Rs. 680, now standing at Rs. 7649.3 per gram. The price of 22-carat gold has also gone up by Rs. 620, reaching Rs. 7013.3 per gram. In the past week, 24-carat gold has risen by 1.58%, while in the last month, it has increased by 4.96%. Currently, silver is priced at Rs. 92500.0 per kilogram. Gold Price in Major Cities: Delhi: Gold today costs Rs. 76493.0 per 10 grams. Yesterday, i

19 Nov 2024 12:35 pm
Real Estate Prices in NCR See Dramatic Rise, Noida Tops the List

The real estate market in the National Capital Region (NCR) has experienced a dramatic surge in property prices over the last five years. A recent report reveals that the average prices of new residential projects in key areas such as Noida, Greater Noida, Gurugram, and Ghaziabad have seen a substantial increase. Noida stands out with the highest growth, witnessing a 152% rise in property rates, from Rs,5,910 per sq ft in 2019 to Rs,14,946 per sq ft by September 2024. Ghaziabad follows with a 13

18 Nov 2024 6:35 pm
State Bank of India to Open 500 New Branches in the Coming Year: Finance-Minister

Mumbai: The State Bank of India (SBI), a leading public sector bank, is set to open 500 new branches in the financial year 2025, according to Union Finance Minister Nirmala Sitharaman. She made the announcement on Monday during the centenary celebrations of the bank's main branch in Mumbai. Sitharaman praised SBI's remarkable growth, noting its significant role in the banking sector. SBI is set to open 500 branches in the coming year, bringing the total number of branches to 23,000, alon

18 Nov 2024 4:35 pm
Retail Investors Flock to Samsung Electronics Amid Market Fluctuations

Retail investors have poured 2.33 trillion won ($1.67 billion) into Samsung Electronics stocks since the U.S. presidential election, according to the latest data from the countrys main stock exchange. Despite significant sell-offs by foreign investors, individual buyers continued to purchase shares of the South Korean tech giant for eight consecutive trading sessions, concluding on November 15. Data from the Korea Exchange (KRX) revealed that while retail investors were acquiring shares, foreign

18 Nov 2024 4:35 pm
Emarat Gas Expands into India with Launch of LPG Service, Enhancing Regional Energy Market

Emarat Gas , a prominent energy solutions provider based in the Middle East, has officially launched its Liquefied Petroleum Gas (LPG) service in India, marking a major step in the companys international expansion beyond the Gulf region. The move comes as part of Emarat Gas's strategy to address the growing demand for efficient, affordable cooking fuel across India, while also catering to industrial consumers throughout the country. India, the worlds third-largest importer of oil and natural

18 Nov 2024 2:35 pm
New Compliance Campaign Launched to Assist Taxpayers with Foreign Assets for AY 2024-25

The Central Board of Direct Taxes (CBDT) has introduced a new Compliance-Cum-Awareness Campaign for the Assessment Year (AY) 2024-25. This campaign is aimed at helping taxpayers accurately report foreign assets and income in their Income Tax Returns (ITR), particularly in the sections of Schedule Foreign Assets (Schedule FA) and Schedule Foreign Source Income (Schedule FSI). This initiative is in line with the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, w

16 Nov 2024 4:35 pm
Mukesh Ambani Becomes the First Indian to Make Fortunes 100 Most Powerful People List

Mukesh Ambani Becomes the First Indian to Make Fortunes 100 Most Powerful People List: Yes,Mukesh Ambani, the Chairman and Managing Director of Reliance Industries Ltd., has achieved a remarkable milestone by becoming the first Indian to be named in Fortune's prestigious list of the 100 Most Powerful People in Business. Ambani ranks 12th on the list, solidifying his influence in the global business landscape. In addition to Ambani, the list features six other prominent figures of Indian orig

16 Nov 2024 2:35 pm
White-Category Industries No Longer Need Pollution Control Clearance

New Delhi: The Ministry of Environment, Forest and Climate Change has announced that white-category industries are now exempt from obtaining clearance from the State Pollution Control Board (PCB). These industries include, among others, manufacturing units that produce solar cells and modules, wind and hydropower plants, fly ash bricks and blocks, leather cutting and stitching units, and facilities involved in the assembly, repair, and servicing of air coolers and air conditioners. All these sec

16 Nov 2024 2:35 pm
NITI Aayog Meeting: Gujarat's Vision for a USD 3.5 Trillion Economy by 2047

NEW DELHI:At the ninth meeting of the NITI Aayog Governing Council, Gujarat Chief Minister Bhupendra Patel outlined the state's ambitious plan to become a USD 3.5 trillion economy by 2047. The meeting, chaired by Prime Minister Narendra Modi, took place at the Rashtrapati Bhavan Cultural Centre in New Delhi. Patel presented the Gujarat@2047 Dynamic Document-Roadmap, a strategic plan designed to align with the Prime Minister's vision of a developed India, or Viksit Bharat. This roadmap fo

27 Jul 2024 8:11 pm