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Business

Latest News on Business
Autonomous freight trucking company Einr...

Autonomous freight trucking company Einride rises sharply in first trade on...

Autonomous freight trucking company Einride rises sharply in first trade on Nasdaq Self-driving freight truck technology company Einride rose significant in its first day of trading on the Nasdaq after a SPAC deal. This article was created based on information from various sources and rewritten... read more »

Palantir's Karp says businesses are...

Palantir's Karp says businesses are 'unhappy' with the front...

Palantir's Karp says businesses are 'unhappy' with the frontier AI labs Palantir CEO Alex Karp says AI will drive the most important political decisions in the U.S. and shouldn’t be decided by party lines. This article was created based on information from various sources and... read more »

Anthropic Offers Mythos Upgrade for Cybe...

Anthropic Offers Mythos Upgrade for Cyber Partners and a Safe Version for t...

Anthropic Offers Mythos Upgrade for Cyber Partners and a Safe Version for the Rest of You Anthropic is releasing Claude Mythos 5 to trusted organizations and Claude Fable 5 to the public, a version it says cant be used for cyberattacks. This article was created based on information from various... read more »

White House border czar Tom Homan blames...

White House border czar Tom Homan blames New York Gov. Hochul for promised ...

White House border czar Tom Homan blames New York Gov. Hochul for promised ICE surge Gov. Kathy Hochul in May signed a New York law that barred agreements with ICE that made it easier for the agency to detain immigrants who had been jailed. This article was created based on information from... read more »

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Economy

Rupee down 12 paise on dollar demand

Rupee down 12 paise on dollar demand

The rupee on Thursday weakened by 12 paise to 61.91 against the dollar in early trade at the Interbank Foreign Exchange market due to demand for the U.S. currency from importers. Forex dealers said... read more »

Bharatiya Mahila Bank to open four branches in northeast

Bharatiya Mahila Bank to open four branches in nor...

Agartala – The Bharatiya Mahila Bank (BMB) will open four more branches in four capital cities of the northeastern states, officials said here... read more »

Sensex closes flat; IT stocks down

Sensex trades flat in pre-noon session

Mumbai – A benchmark index of Indian equities markets ended! Monday’s trade flat, as foreign institutional investors (FIIs) continued to be net... read more »

Sensex trades flat during pre-noon session

Sensex trades flat in pre-noon session

Mumbai – A benchmark index of Indian equities markets was trading flat at 68.42 points or 0.32 percent up during the pre-noon trade Monday. Good buying... read more »

Government failed to defend policies: Praful Patel

Government failed to defend policies: Praful Patel

New Delhi – Minister of Heavy Industries & Public Enterprises PrafulPatel Saturday said the government has failed to defend its own policies, which... read more »

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Investing

Swiss gold exports to India cross Rs 1.2 lakh crore

Switzerland’s gold exports to India crossed Rs 1.2 lakh crore in 2014 even as concerns persist over bullion being used to channel illicit funds into the Indian shores. The value of precious metal... read more »

Gold And Silver : 2014

Gold Prices Fall as Traders Lock In Gains

Gold prices retreated from five-month highs as some investors locked in profits ahead of the weekend. The most actively traded gold contract, for... read more »

PRECIOUS-Gold rebounds to 5-month high after ECB launch...

Gold turned higher and touched a five-month high above $1,300 per ounce on Thursday, after the European Central Bank (ECB) launched a multi-billion euro... read more »

Gold regains Rs 28,000 mark on seasonal demand, global ...

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Continuing its rising streak for the third consecutive day, gold crossed the Rs 28,000 level after over four months by gaining Rs 100 at the bullion market in... read more »

Government hikes import tariff value on gold, silver

NEW DELHI: The government today hiked import tariff value on gold to $401 per 10 grams and on silver to $543 per kg in line with global price trends. The... read more »

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Gold & Metals

Gold, silver extend losses on global cues, sluggish demand

Gold remained under pressure for the second straight day and declined by Rs 100 to Rs 28,100 per 10 grams in the national capital on Friday on weak cues from global markets and subdued demand from... read more »

Gold, silver prices rise on brisk buying, global cues

Gold, silver recover on fresh demand

Gold prices recovered by Rs 25 to Rs 28,475 per 10 grams in the national capital on Monday on fresh buying by jewellers and retailers amid a firm... read more »

Gold extends gains on safe-haven bids

Gold prices on Friday rose further by Rs. 150 to Rs. 28,500 per ten gram in the national capital, tracking robust international markets as investors took... read more »

High gold imports poop exports party biz

The yellow metal is back to haunt the economy with gold imports in June jumping 65.13 per cent to $ 3.12 billion from $1.88 billion in the same month last... read more »

Gold falls 0.3% on weak global cues

Gold futures fell 0.35% to Rs 28,269 per 10 grams today as speculators locked-in gains amid a weak global trend. At the Multi Commodity Exchange, gold for... read more »

More from Business

The UK Is Betting on a Billion-Dollar AI Supercomputer to Kick Its Addiction to US Tech

The UK Is Betting on a Billion-Dollar AI Supercomputer to Kick Its Addiction to US Tech ## Britain Invests Heavily in National AI Computing Power to Foster Domestic Semiconductor... read more »

United CEO brushes off airline mergers after American rejection: 'There's nothin...

United CEO brushes off airline mergers after American rejection: 'There's nothing' ## United Airlines CEO Signals End to Major Consolidation Era **Chicago, IL** – United... read more »

Weight loss drug maker sinks 23% after new safety data spooks investors

Weight loss drug maker sinks 23% after new safety data spooks investors ## Pharmaceutical Firm Faces Investor Scrutiny as Experimental Weight-Loss Drug Shows Mixed Signals **[City, State]... read more »

In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas, Indraprastha Gas Limited (IGL) on Thursday announced a steep hike of Rs. 4.50 paise per Kg in the price of compressed natural gas (CNG), the second successive hike in three months. In a related move that could hurt the household budgets, IGL also hiked the price of cooking piped gas to kitchens by Rs. 5.15 per Kg with effect from Thursday midnight. Under the new pricing regime, CNG will cost Rs. 50.10 per Kg in Delhi and Rs. 56.70 per Kg in Noida, Greater Noida and Ghaziabad, IGL said in a statement in New Delhi. The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs. 27.50 per standard cubic metre to Rs. 29.50 per scm up to consumption of 30 scm in two months. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs. 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs. 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs. 29 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs. 54 per scm. CNG price was last revised in September when it was hiked by a hefty Rs. 3.70 per kg. Price of CNG sold to automobiles in Delhi then increased from Rs. 41.90 to Rs. 45.60 per kg. Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs. 24.50 per scm to Rs. 27.50 per scm. The statement said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all city gas distribution companies across the country. “There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent. There has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013,” the statement added. Government reallocated domestic gas allocations to all city gas distribution companies across the country as a fall out of a recent court order. All the earlier gas allocations had been cancelled and the revised allocations now also include PMT gas, which is priced higher than APM gas. “In terms of volume, there has been nearly 5 per cent decrease in the overall quantity of domestic gas allocated to IGL for Delhi, Noida, Greater Noida and Ghaziabad. The reduction in allocation as well as increase in demand is forcing IGL to source much higher priced imported R-LNG. The prices of R-LNG have been on the rise recently and therefore, new R-LNG quantities are available in the market at much higher prices than the existing ones,” the company said. However, the company said the increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 13 paise per km, for taxi it would be 22 paisa per Km and in case of buses, the increase would be Rs. 1.30 per km, which translates to just over two paisa per passenger-kilometre.

Household worries over finances hit highest level since July 2022, New York Fed survey sho...

Household worries over finances hit highest level since July 2022, New York Fed survey shows **Consumer Financial Sentiment Dips to 19-Month Low Amid Persistent Economic Concerns** New... read more »

Delta and JetBlue become first US airlines to allow gadget-use in-flight

'Bring 'em on': Delta wants United's crown ov...

'Bring 'em on': Delta wants United's crown over the Pacific, too ## Delta Air Lines Sets Sights on Pacific Dominance, Challenging United’s Long-Standing Reign **Atlanta,... read more »

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