Govt caps gold imports under advance authorisation at 100 kg, tightens compliance rules

The government has capped gold imports under the Advance Authorisation scheme at 100 kilograms and tightened compliance and monitoring norms for importers in the gems and jewellery sector, according to a DGFT notification issued on Thursday.The Directorate General of Foreign Trade (DGFT) inserted five new notes under Standard Input Output Norms (SIONS) M-1 to M-8…

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S&P 500, Nasdaq hit fresh highs as Nvidia rallies; US-China talks in focus

Wall Street extended its rally on Thursday, with the S&P 500 and Nasdaq touching fresh intraday record highs, led by gains in chipmaker Nvidia as investors tracked economic data and developments from the high-stakes US-China summit, Reuters reported.The Dow Jones Industrial Average rose 270.32 points, or 0.54 per cent, to 49,963.52 in early trade. The…

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