With former Bangladesh PM Khaleda Zia reported to be in a very critical condition, PM Narendra Modi expressed concerns about her failing health and offered all possible assistance to her. Modi’s gesture is significant as Zia has had a troubled past with India in contrast to her rival Sheikh Hasina’s warm and friendly ties with…
MUMBAI: The price of silver futures on Multi Commodity Exchange (MCX) touched a record high level at close to Rs 1.8 lakh/kg on Monday after global prices hit an all-time high at $58.5/ounce early in the day. The weakness of the rupee further to near the Rs 90/$ mark, also helped the rally in the…
NEW DELHI: Diesel sales jumped to six-month high in Nov as the cut in GST (goods and services tax) rates boosted festive season demand, leading to increased industrial and commercial activities, industry data showed on Monday.Diesel consumption, an indicator of economic activities, rose 4.7% to 8.5 million tonnes during the month, posting the highest gain…
An overnight crash in the price of bitcoin combined with a difficult to digest capital raise to send Strategy (MSTR) shares tumbling 12.5% to their weakest level in nearly 15 months in U.S. morning trading on Monday. And yet, despite no bounce in the price of bitcoin BTC$86,452.68 — which remained near session lows of about…
NEW DELHI: Goods and services tax (GST) collection growth moderated in Nov, following a massive overhaul of the structure, including rate reduction on 375 items, although govt asserted that it had helped boost consumption and the mop-up trends were in line with its estimate.During Nov, based on transactions in Oct, collections (excluding cess) went up…
NEW DELHI: The country’s industrial production growth slowed to a 14-month low in Oct, dragged down by a sluggish manufacturing sector and contraction in electricity and mining sectors.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production (IIP) rose an annual 0.4% in Oct, lower than the upwardly revised…
NEW DELHI: PM Narendra Modi spoke to Sri Lankan President Anura K Dissanayake on Monday, expressing condolences on the loss of lives and devastation in Sri Lanka in the wake of Cyclone Ditwah and assuring him of India’s continued support to the Indian Ocean neighbour under the ongoing Operation Sagar Bandhu, which has taken up…
Vanguard, one of the world’s largest asset managers with roughly $11 trillion in assets under management, will begin allowing customers to trade cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday, according to Bloomberg. “Cryptocurrency ETFs and mutual funds have been tested through periods of market volatility, performing as designed while maintaining liquidity,”…
NEW DELHI: Indian defence PSUs Hindustan Aeronautics (HAL), Bharat Electronics (BEL) and Mazagon Docks (MDL) continue to figure in the global top 100 arms-producing companies, but together accounted for just a paltry 1.1% of the global arms sales last year.Global arms revenues rose sharply by 5.9% to reach a record $679 billion in 2024, with…
NEW DELHI: India is taking “new protective measures” to tackle the issue of GPS spoofing that has been witnessed at several airports in country. Union aviation minister Rammohan Naidu on Monday told Parliament that some flights had recently reported GPS spoofing in the vicinity of IGI Airport while approaching runway 10 using satellite-based landing procedures,…
