Silver could either match or outperform gold in the medium to long term, and is likely to reach Rs 1,25,000 per kg on MCX and $40 on COMEX in the next 12 to 15 months, a report showed on Saturday. Recently, silver has shown impressive performance, gaining more than 40 per cent (year-to-date) and breaching … Read more
As private consumption surges especially in the rural parts of the country, premium brands in FMCG are consistently growing — approximately twice as fast as their non-premium counterparts — and 50 per cent of e-commerce sales stem from the premium and luxury segment, according to a new report. Similar trends are observed in the tech … Read more
In a bid to transform the startup manufacturing ecosystem, the government has formed a strategic partnership with HCLSoftware, a global leader in software solutions. Under the 'Manufacturing Incubation Initiative,’ startups will have access to the ‘HCL SYNC programme for global market exposure, allowing them to showcase their products and services worldwide, thus taking Indian innovation … Read more
In a bid to provide a seamless internet experience to millions of people, the government on Friday released new regulations that will rate buildings for digital connectivity and boost the collaboration between telecom service providers and property managers. The Telecom Regulatory Authority of India (TRAI) released regulations titled ‘Rating of Properties for Digital Connectivity Regulations, … Read more
Amid persistent foreign institutional investors (FII) selling and growing geopolitical tensions, India's foreign exchange (forex) reserves saw a $2.163 billion drop to stand at $688.267 billion in the week ended October 18, data from the Reserve Bank of India (RBI) showed on Friday. Meanwhile, gold reserves increased by $1.786 billion to $67.444 billion during the … Read more
India’s manufacturing industry regained growth momentum in October and the acceleration was supported by quicker increases in factory production and services activity, according to a new report. India’s private sector economy continued to showcase robust growth in October, according to the latest HSBC ‘flash’ PMI survey compiled by S&P Global. Meanwhile, hiring was stronger in … Read more
The FIIs as per Friday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 12923.10 crore against gross selling of Rs 17759.65 crore. Thus, FIIs stood as net sellers of Rs 4836.55 crore in equities. In the debt … Read more
The bilateral trade between India and Germany has surpassed $30 billion and with Germany deciding to increase the number of visas for skilled Indians from 20,000 to 90,000 per year, Prime Minister Narendra Modi said on Friday that he was confident this will further boost Germany's economic growth. Delivering the keynote address at the 18th … Read more
The Indian stock market closed with a big decline on Friday, as heavy selling was seen in all sectors, except pharma and FMCG. Sensex fell more than 800 points in the afternoon trade. However, by the end of trading, the market recovered a bit and closed down by 662 points. The BSE Sensex closed … Read more
German Chancellor Olaf Scholz wants to deepen defence ties with New Delhi and bring the two countries' militaries closer, he said on Friday, after meeting Indian Prime Minister Narendra Modi. Germany has not traditionally had close defence ties with India, but is now pitching to join the latter's effort to wean its arms base from … Read more