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Home  Business

Business

Gold prices surge amid rising tensions in Middle East due to Iran-Israel conflict

Gold prices surge amid rising tensions in Middle East due to Iran-Israel conflict

  • Markets decline in early trade amid ongoing foreign fund outflows, Middle East conflict

    For the fifth consecutive day, the BSE Sensex fell by 354.67 points, closing at 82,142.43. The NSE Nifty also declined, dropping 114.1 points to 25,136. Among the 30 Sensex companies, the major laggards included Bajaj Finance, Asian Paints, NTPC, UltraTech Cement, State Bank of India, and Bajaj Finserv.
  • Rupee holds steady at 83.96 against US Dollar amid dalling crude prices

    Forex traders noted that subdued sentiment in the domestic equity markets, along with significant foreign fund outflows over the past three days, hindered any recovery in the rupee. In the interbank foreign exchange market, the local currency opened at 83.96 against the US dollar but was unable to recover from the sharp decline experienced in the previous session.
  • Apple to launch more exclusive retail stores in India amid surge in sales

    New Apple retail stores are set to open in Bengaluru, Pune, Delhi-NCR, and Mumbai, although no timeline has been established yet. Deirdre O’Brien, Apple’s senior vice president of Retail, expressed excitement about expanding their presence in India, stating, "We are inspired by the creativity and passion of our customers across this country as we build our teams for more store openings."
  • Sensex, Nifty fall in early trade amid escalating Middle East conflict

    The BSE Sensex plummeted 1,264.2 points to 83,002.09 in early trading, while the NSE Nifty fell 345.3 points to 25,451.60. Among the 30 Sensex companies, major laggards included Tata Motors, Asian Paints, Larsen & Toubro, Axis Bank, Mahindra & Mahindra, Reliance Industries, Maruti, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank.
  • Rupee drops 11 paise to 83.93 against dollar amid rising crude prices, Middle East tensions

    The continued outflow of foreign funds from capital markets and a stronger U.S. dollar put pressure on the Indian currency, according to forex traders. At the interbank exchange, the rupee opened at 83.91 and slipped further to 83.93 against the dollar, trading 11 paise lower than the previous session's close.
  • Government hikes commercial LPG cylinder prices; check revised rates

    ATF price cut by Rs 5,883 per kilolitre, or 6.29 per cent, to Rs 87,597.22 per kl in the national capital, according to state-owned fuel retailers
  • Benchmark indices fall in early trade amid foreign fund outflows, weak Asian markets

    The BSE Sensex dropped 464.22 points to 85,107.63 in early trading, while the NSE Nifty fell 133.85 points to 26,045.10. Among the 30 Sensex firms, major laggards included Tech Mahindra, Mahindra & Mahindra, ICICI Bank, Reliance Industries, Axis Bank, and UltraTech Cement.
  • Rupee falls 6 paise to 83.75 against US dollar amid negative market sentiment

    Forex traders noted that rising crude oil prices and a strong U.S. dollar against major global currencies, driven by increased demand from importers at the month's end, exerted pressure on the local currency. Additionally, they mentioned that investor participation was subdued as they awaited cues from the upcoming domestic manufacturing PMI (Purchasing Managers' Index) figures to be released this week.
  • BharatPe settles Rs 88-crore fund misappropriation case with Ashneer Grover

    Grover will not be associated with BharatPe in any capacity nor be a part of the shareholding of the company, says fintech firm
  • Apple reportedly pulls out of OpenAI’s $6.5 billion funding round

    A Wall Street Journal report on Saturday stated that Apple has "fallen out of talks to join the funding round." The tech giant's potential involvement was unexpected, as it rarely invests in external companies. This news follows Apple's announcement of integrating ChatGPT into Siri.
  • UPI continues to be the preferred choice of payment method in India

    The immense popularity of UPI is seen from transaction volume ratio which stands at 38.4 times of credit card transaction volumes, according to the report by Axis Securities
  • ‘Made in India’ iPhone 16 sells like hot cakes in tier 2, 3 cities

    Analysts say more Indians are buying new iPhones rather than going for older generation devices, as purchasing power increased in country
  • Sensex, Nifty hit new record highs as IT stocks surge amid global market rally

    New foreign fund inflows further boosted market optimism. In early trading, the BSE Sensex rose by 129.91 points to reach a record high of 85,966.03, while the NSE Nifty increased by 61.3 points, hitting an all-time peak of 26,277.35.
  • Rupee gains 2 paise to 83.64 vs USD on Friday

    The Indian currency was pressured by a weak domestic equity market and a stronger US dollar against major global currencies, driven by increased month-end dollar demand from importers, according to forex traders.
  • Sensex hits fresh all-time high in early trade on buying in IT stocks

    From 30 Sensex firms, Infosys, Tech Mahindra, HCL Technologies, Sun Pharma, Tata Consultancy Services and Tata Steel were biggest gainers
  • Stable crude prices could lead to Rs 2-3 per litre cut in petrol, diesel: ICRA

    ICRA: Stable Crude Prices Could Lead to Rs 2-3 per Litre Cut in Petrol, Diesel
  • Three top executives, including CTO Mira Murati, depart OpenAI under Sam Altman

    According to Altman, their decision to leave was made independently and amicably. Of the 13 co-founders of OpenAI in 2015, only three remain with the company. He noted on the X social media platform that the timing of Mira's departure aligned with a collective transition, allowing for a smooth handover to the next generation of leadership.
  • Sensex, Nifty reach new all-time highs in early trade amid Asian market rally

    The BSE Sensex surged 202.3 points to an all-time high of 85,372.17 in early trade, while the NSE Nifty rose 51.85 points, reaching a new record of 26,056. Among the 30 Sensex firms, the biggest gainers included Maruti, Nestle, Tata Motors, Infosys, Tech Mahindra, HCL Technologies, Bajaj Finserv, Tata Consultancy Services, ITC, and Bharti Airtel.
  • Rupee falls 11 paise to 83.69 against US dollar amid rising dollar, crude oil prices

    Foreign Institutional Investors (FIIs) turned net sellers on Wednesday, adding further pressure on the domestic currency against the dollar, according to forex experts. In the interbank foreign exchange market, the local unit opened at 83.66, down 8 paise from the previous close of 83.58 against the American currency.
  • LinkedIn goes local, adds 10 new language options, including Telugu

    The new language options are Vietnamese, Greek, Persian, Finnish, Hebrew, Hungarian, along with four Indian regional languages — Bengali, Marathi, Telugu and Punjabi
  • Mahindra announces prices starting at ₹18.79 lakh for 4×4 variants of Thar ROXX

    Bookings for the Thar ROXX 4x4 variants open online and at dealerships starting October 3 with deliveries set to commence this Dussehra.
  • Occupancy in flexible office spaces crosses 80 pc in Hyderabad

    Prime office locations such as Mumbai (94%), NCR (92%), Bengaluru (86%) and Hyderabad (84%) continue to attract corporations, driving greater demand for flexible office spaces, according Knight Frank India report
  • Organized gold loans in India to hit Rs 15 lakh crore by March 2027: Report

    Rating agency ICRA reported that banks continue to dominate the gold loan market, primarily due to gold jewelry-backed agricultural loans. As of March 2024, public sector banks (PSBs) held approximately 63% of the total gold loans, an increase from 54% in March 2019, while the shares of non-banking financial companies (NBFCs) and private banks declined equally during the same period.
  • Airtel launches India’s first AI-powered network-based spam detection solution

    This free solution, the first of its kind from a telecom provider in India, will alert customers in real time about suspected spam calls and SMS messages. It will be automatically activated for all Airtel customers, requiring no service request or app download.
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