Gold surge: Imports hit record $14.72 bn in Oct; festive demand drives spike as trade deficit widens

India’s gold imports surged nearly threefold to a record $14.72 billion in October, propelled by strong festive and wedding-season demand, government data showed on Monday. Imports stood at $4.92 billion in the same month last year, PTI reported.Cumulatively, gold inflows rose 21.44 per cent to $41.23 billion in April–October, up from $34 billion a year…

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Reliance Industries shares fall 5%! Over Rs 1 lakh crore eroded from M-cap — What triggered the fall?

Reliance Industries Limited (RIL) stock tumbled 5% on Tuesday, falling to an intraday low of Rs 1,497.05 on the Bombay Stock Exchange. The share price plunged after RIL denied a Bloomberg report claiming that its Jamnagar refinery will be receiving three ships of Russian crude oil.Today’s session recorded the stock’s steepest intraday decline since June…

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Wipro, Coforge Mastek, GCPL In Focus — Check Amount, Payment Date

In the present week, a total 27 companies including Wipro Ltd., Coforge Ltd., and Mastek Ltd. have upcoming record dates for dividend payments. To be eligible for dividends, investors should take note of the record date, which determines shareholder eligibility. Under India’s T+1 settlement cycle, shares purchased on the record date itself will not qualify…

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Bitcoin’s early crash to $60,000 now looks like a warning for stocks

Many see bitcoin BTC$71,329.00 as a safe-haven and store-of-value asset, like gold. But some currency traders treat it as a lead indicator for broader market mood, and they’ve been proven right again: Before finding stability near $70,000 recently, bitcoin plunged sharply, presaging the ongoing global stock market swoon. Bitcoin’s price peaked above $126,000 in early…

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LPG crisis hits restaurants: Staff face salary cuts, layoffs as eateries struggle to keep kitchens running

The Middle East crisis continues to boil and the ripples have triggered an operational stress for India’s food services sector. As LPG supply flows are disrupted amid the Strait of Hormuz transit issues, industry voices have warned of layoffs, salary cuts and widespread business impact if the situation drags on. Despite assurances from the government…

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