NEW DELHI: A dip in gold prices drew shoppers to jewellery stores on Dhanteras on Friday. Carmakers lined up thousands of festive deliveries, while televisions led demand at an electronics retailer.Senco Gold & Diamonds reported sales growth of more than 25% by value, with footfall up 10-12% from last year, CEO Suvankar Sen said.Kalyan Jewellers…
NEW DELHI: Public sector oil marketing companies (OMCs) on Friday hit back at Congress-led Karnataka govt’s claims that petrol tested by labs authorised by it had found ethanol content exceeding the prescribed 20% limit, and said the findings were not supported by tests conducted under statutory and technical procedures.Karnataka food, civil supplies and legal metrology…
Rupee gains against US dollar MUMBAI: The rupee gained 16 paise to close at 94.48 against the dollar Thursday, its strongest level in two weeks and fifth consecutive session of gains, as foreign investor buying resumed and crude oil prices fell below $100 a barrel. Dealers attributed the improvement in inflows partly to portfolio reallocation,…
MUMBAI: Gold loan defaults have nearly doubled in five months even as outstanding balances tripled over three years, pointing to a rise in stress in a rapidly expanding segment of the lending market. Loans overdue by more than 90 days accounted for 0.3% of the portfolio in Aug 2026, up from 0.2% in March 2026….
China and Hong Kong stocks fell as a Nasdaq-led tech rout rippled across Asia and fuelled fears the AI boom is losing steam, although bargain hunting helped pare losses in mainland markets buoyed by Beijing’s market-supporting measures. China’s blue-chip CSI300 Index dropped 1.5% by the midday break, but remained on track to snap a 12-week-long…
Stock market trading on Diwali: When will Dalal Street remain close or open NEW DELHI: Diwali festivities have begun, and investors are wondering when stock markets will remain open and closed for trading. The festival brings with it a series of celebrations, from Dhanteras and Naraka Chaturdashi to Diwali, Govardhan Puja and Bhai Dooj.Amid the…
Gold prices declined sharply in futures trade on Friday amid weak spot demand, with retail rates also falling across major Indian cities.Prices of 24K, 22K and 18K also gold recorded declines.On the Multi Commodity Exchange (MCX), gold contracts for December delivery fell by Rs 2,178, or 1.51 per cent, to Rs 1,41,917 per 10 grams…
FIIs have remained net buyers of Indian stocks on every trading day so far this week. Stock market today: Nifty50 and BSE Sensex continued to defy global market trends on Friday, extending their winning streak for the seventh consecutive session. The Sensex surged over 1,700 points, while the Nifty climbed past 25,000 during Friday’s session…
Stock market marked its best week since early 2021 Indian stock markets staged a strong recovery ahead of Diwali, with benchmark indices rising for seven consecutive sessions and posting their biggest weekly gains in more than five years. The rally added nearly Rs 29.57 lakh crore to investor wealth, even as a sharp global technology…
Karnataka has sought action against oil marketing companies and compensation for consumers over alleged excess blending. NEW DELHI: The Karnataka government on Friday alleged that petrol supplied by major oil marketing companies (OMCs) in the state contained ethanol well above the prescribed 20% limit, with laboratory tests recording levels of up to 31.2%. It sought…
