In the futures market, gold speculators increased their net long positions by 3,924 contracts to 91,574 in the week ended April 28. Among other precious metals, spot silver rose 0.1 per cent to $75.38 an ounce, platinum advanced 0.2 per cent to $1,991.85, while palladium declined 0.3 per cent to $1,519.66 an ounce. Source link
MUMBAI: The appointment of Rohit Jain as deputy governor at the Reserve Bank of India comes after the retirement of T Rabi Sankar and at a time when the central bank has to prepare banks for new risks, including cybersecurity.Jain, who was appointed executive director in Dec 2020, was until now in charge of supervisory…
NEW DELHI: A day after a 30-year-old judge allegedly died by suicide at his residence in south Delhi’s Green Park, police registered a case of abetment on Sunday following a complaint from his father alleging harassment by the in-laws. Police were tight-lipped on whether anyone was named in the FIR.The deceased, Aman Sharma, was secretary…
NEW DELHI: India is poised to break into the top five markets globally for Nestlé over the next five years, driven by scale, favourable demographics and long-term growth drivers. Already among its fastest-growing markets globally, with over 14% growth last year, India receives “a strong global focus alongside sustained investments in R&D, manufacturing and brands”,…
NEW DELHI: Stock markets are likely to be guided this week by the outcome of state elections and high crude oil prices amid the West Asia conflict, say analysts.The developments related to the West Asia conflict and the Strait of Hormuz will also be tracked by investors, they said. Counting of votes for the five…
BENGALURU: With many employees seeing a moderate dip in net take-home salaries in their latest payslips, companies are issuing explainers to help them understand the impact of the new labour codes.The reduction is largely due to changes in salary composition. Employee provident fund (PF) contributions have increased, as they are now calculated as 12% of…
MUMBAI: The boardrooms of India’s most powerful philanthropic trusts are looking at an uncomfortable May 8 reckoning. The Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT), which together hold a 52% controlling stake in Tata Sons, will convene to review their nominee directors on the holding company’s board, among other agenda items.The…
Morgan Stanley expects bitcoin to reach U.S. bank balance sheets, though key hurdles remain, according to Amy Oldenburg, the bank’s head of digital asset strategy. Speaking at the Bitcoin Conference in Las Vegas, Oldenburg, who was appointed new head of digital-asset strategy this year, outlined how the firm is laying the groundwork for the expansion…
NEW DELHI: Two days after government issued a detailed note on the ambitious Great Nicobar Project, clarifying certain questions raised by Rahul Gandhi, Congress countered its stance on Sunday by saying Centre had failed to address serious concerns raised by affected local communities, environmentalists, anthropologists, academics and civil society voices regarding the project. The opposition…
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