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Home  Business

Business

India’s RBI boosts gold reserves amid global central bank slowdown

India’s RBI boosts gold reserves amid global central bank slowdown

  • Demand for Indian healthcare professionals to rise significantly by 2030: Report

    Report shows that the global shortage of healthcare workers has spurred a significant increase in demand for Indian healthcare professionals, who are highly esteemed in the international market for their sought-after skills.
  • RBI keeps Repo rate steady at 6.50%

    On Friday, RBI Governor Shaktikanta Das announced the majority decision of the MPC to maintain the repo rate at 6.5 percent.
  • Gold prices in Hyderabad surge beyond Rs 70,000 mark, silver also hits record high

    On Thursday, the price of 24-carat gold soared to a record-breaking Rs 70,470 per 10 grams, marking a substantial increase of Rs 600 within a single day. This milestone represents the first time in a year that gold has breached the Rs 70,000-mark in the Hyderabad market.
  • Hyderabad emerges as key destination for office leasing, driven by tech operators 

    Office space leasing in Hyderabad soared to 2.0 million square feet (sq. ft.) between January and March 2024.
  • Gold prices reach seventh consecutive daily high

    In morning trade, the gold futures contract on the MCX for June 2024 opened at Rs 69,868 per 10 gm and quickly surged to Rs 69,908 per 10 gm. This rise followed news of the precious metal reaching a high of $2,323.70 per ounce in the international market.
  • Rupee strengthens to 83.42 aagainst US dollar

    Forex traders noted that investor sentiment was dampened by both elevated crude oil prices and continuous foreign fund outflows.
  • Early trade rebound: Sensex, Nifty reach new highs

    The BSE Sensex soared 497.06 points (0.67%) to reach a record high of 74,373.88, while the NSE Nifty rose 144.70 points (0.64%) to hit a new peak at 22,579.35.
  • T-Hub collaborates with Medtronic to foster growth in health-tech startup ecosystem

    The collaboration marks a significant leap forward in fostering innovation and growth within India's dynamic health-tech startup ecosystem, T-Hub in a statement said.
  • Adani Green Energy becomes India’s 1st to surpass 10,000 MW renewable energy

    AGEL’s 10,934 MW operational portfolio will power more than 5.8 million homes and help avoid about 21 million tonnes of CO2 emissions annually.
  • TiE Hyderabad announces the launch of fifth edition of TiE Women 2024

    As part of this initiative, each chapter selects one woman entrepreneur to participate in a Global Pitch Competition.
  • TRAI releases consultation paper to formulate ‘National Broadcasting Policy 2024’

    The consultation paper highlights pertinent issues prevalent in the broadcasting sector with an objective of making India a ‘Global Content Hub’.
  • BMW Group, Tata Technologies to develop automotive software solutions in India

    The JV will commence operations with 100 employees and intends to grow to a four-digit number in the following years, the companies said in a statement.
  • India sees 3 pc monthly rise in hiring, white-collar gig jobs up 184 pc

    The IT sector is at the forefront of the gig boom and the share of IT software in the gig economy has nearly doubled, jumping from 22 per cent in March 2023 to a dominant 46 per cent in March this year.
  • India aiming for financial ‘Atmanirbhar’ status in 10 years: PM Modi

    During the 90th anniversary celebrations of the Reserve Bank of India (RBI), the PM highlighted the economic progress made since 2014, stating that the country has emerged from the challenges inherited at the start of the BJP government's tenure and is now ready for growth.
  • Gold hits new lifetime high amid geopolitical tensions

    MCX gold prices in India surged to a record high of Rs 69,487 per 10 grams in opening trade, following the uptrend in the international market. As of 11:26 am, it was trading around Rs 68,828.
  • boAt introduces India’s first headphones with head-tracking 3D audio

    boAt unveils 'Nirvana Eutopia' headphones, designed in India, featuring spatial audio technology, 3D accelerometers, and gyroscopes, priced at Rs 3,999 in black and white colors.
  • Sensex, Nifty hit all-time high in early trade

    Extending its winning momentum to the third day running, the 30-share BSE Sensex jumped 556.98 points to 74,208.33 in early trade. The NSE Nifty climbed 192.1 points to 22,519.
  • No new Income Tax changes from April 1, 2024: Finance Ministry

    New Tax Regime (Section 115BAC(1A)) Introduced in Finance Act 2023, Contrasts with Old Regime sans Exemptions
  • Rs 2000 banknotes: Exchange, deposit at RBI offices won’t be available on April 1

    Notably, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI.
  • Automaxis backed by T-Hub revolutionizes cross-border trade with Blockchain, AI Integration

    This cutting-edge platform tackles longstanding challenges in international trade, fundamentally reshaping how businesses navigate the intricacies of global commerce
  • Kia unveils K4 compact sedan in US ahead of launch

    Kia will assemble the K4 compact at its plant in Mexico, and sell it to customers in the United States and Canada during the second half of this year.
  • Infosys to provide AI tools to German media firm for storytelling, making reports

    Founded in 1946, the Handelsblatt Media Group, which is based in Dusseldorf, has a reach of more than two million readers, according to the statement.
  • 7 in 10 Indian B2B sellers utilize AI to exceed targets: Report

    According to a report by professional networking platform LinkedIn, B2B sellers in the country are increasingly turning to AI to aid their selling processes, including prospect research, target identification, and finding warm leads with buyers
  • Sensex, Nifty rebound on Reliance Industries lead

    In early trading, the BSE Sensex rose by 270.18 points to reach 72,740.48, while the NSE Nifty increased by 87.35 points, reaching 22,092.05.
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