Gold price prediction today: Any upside in gold prices is likely to be capped by gains in crude oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
The Middle East conflict has already been rattling global oil flows, draining supplies, tightening reserves and pushing crude prices higher across markets. But Iran, one of the key flashpoints in the crisis, seems to be dealing with a different kind of pressure altogether. Instead of just struggling with disrupted exports, the country is now staring … Read more
MUMBAI: General Atlantic and Accel backed new-age insurer Acko has kicked off IPO process, roping in Morgan Stanley, ICICI Securities and Kotak Securities as bankers for the issue expected to hit Dalal street in early 2027, said people in the know. The company, which is planning to make a confidential filing sometime in the second … Read more
Goldman Sachs maintained its buy rating on Reliance Industries with the target price at Rs 1,910. Analysts said the company reported Jan-March (Q4FY26) earnings before interest, taxes, depreciation and amortisation (EBITDA) miss due to weak oil-to-consumer (O2C) margin capture, while high crude premiums and logistics costs offset strong product cracks. Analysts expected sequential margin recovery … Read more
Mumbai: RBI has required banks to report all foreign exchange derivative deals involving the rupee undertaken in India and globally by their entire group, including overseas branches, subsidiaries, and parent entities. This brings into view offshore trades that were earlier largely invisible. This applies to both OTC deliverable and offshore non-deliverable contracts, meaning even speculative … Read more
New Delhi: After years of discussion, India’s official statistical machinery is set to compile an index of service production (ISP), which will complement the existing index of industrial production (IIP) and help improve the assessment of short-term performance of the economy.Besides, the index will be useful for augmenting the list of indicators used for compilation … Read more
Mumbai: Amazon is betting big on its quick commerce business, with plans afoot to take the instant delivery service to 100 cities from three locations now as it plays catch-up with rivals Blinkit, Swiggy Instamart and Zepto, which together hold the bulk of the market share.The development comes a few days after the firm made … Read more
Mumbai: The initial public offer for NSE, the largest stock exchange in India by trading turnover and revenue, got a boost on Monday as the required number of the bourse’s shareholders agreed to part with their holdings for the offer for sale (OFS) to move forward.Monday was the last day for NSE’s existing shareholders to … Read more
Mumbai: A man walks past the RBI logo at RBI headquarters in Mumbai. (PTI Photo/Shashank Parade) Mumbai: Banks will have to start setting aside money for possible loan defaults in advance from April 2027, using mathematical models to predict losses instead of waiting for borrowers to actually miss payments, under RBI’s final rules issued on … Read more
South Korea’s stock markets scaled a historic peak on Monday, as the total valuation of listed companies moved past the 6,000 trillion won ($4.1 trillion) mark for the first time during trading hours. According to figures cited by The Korea Herald, based on data from the Korea Exchange, the combined market capitalisation of domestic bourses … Read more