Gold had crossed the Rs 1 lakh mark this week. (AI image) Gold rate today: Gold June futures at MCX experienced profit booking on Wednesday after reaching a record high of Rs 99,358, opening lower by Rs 1,883 or 1.45% at Rs 95,457/10 grams. Market participants secured profits at elevated gold prices. Gold had crossed…
Market experts anticipate continued upward momentum based on potential India-US trade agreements. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday. While BSE Sensex went above 80,200, Nifty50 was above 24,350. At 9:21 AM, BSE Sensex was trading at 80,140.02, up 544 points or 0.68%.Nifty50…
New Delhi: Air India MD & CEO Campbell Wilson has stepped down as chairman of the AI Express and Nipun Aggarwal will take over that role. Aggarwal, who is on the board of the budget airline, will continue in his role as AI’s chief commercial officer.AI’s chief operating officer Captain Basil Kwauk will replace Wilson…
MUMBAI: Financial and corporate governance lapses at Gensol Engineering and its affiliate BluSmart have nudged investors to tighten the terms of investment contractsand incorporate additional clauses to protect their investments, lawyers told TOI. A series of frauds and governance mishaps at startups over recent years already made investors legally prudent, but now they are seeking…
NEW DELHI: Puttting an end to his ‘big plans’ in the telecom business, Adani Group chairman Gautam Adani decided to move out of the competitive and capital-heavy sector. And, he has decided to sell the airwaves, acquired in 2022 auctions, to Bharti Airtel.Adani Data Networks acquired 400 MHz spectrum in 26GHz band for about Rs…
MUMBAI: Rallying for the fourth consecutive session, gold futures contracts expiring in August, October, and December on the Multi Commodity Exchange (MCX) topped the Rs 1 lakh/10gram mark on Tuesday. In spot markets around the country, the precious metal was trading just under that mark.The upsurge in the yellow metal’s rate came after its price…
For India, the growth outlook is relatively more stable at 6.2 percent in 2025, said IMF. (AI image) India’s GDP growth outlook for 2025 has been revised downwards to 6.2% by the International Monetary Fund (IMF) in its World Economic Outlook report for April 2025. In its January world growth outlook report, the IMF had…
Wall Street‘s main indexes rebounded on Tuesday as investors shifted their focus to corporate earnings following President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell, which triggered a sharp selloff in the previous session.With a wave of quarterly earnings reports being released, investors are looking for clues on how companies are handling the…
MUMBAI: Non-bank lender Mahindra Finance on Tuesday reported a 9 per cent decline in standalone profit to Rs 563 crore in the March quarter. The Mahindra Group’s financial services arm had posted a net profit of Rs 619 crore in the year-ago period. Its core net interest income grew 9 per cent to Rs 2,156…
US President Donald Trump fired a fresh salvo against Federal Reserve chairman Jerome Powell, escalating attacks for resisting further interest rate cuts. The clash is rattling financial markets, raising a critical question: Can Trump actually fire Powell?The answer is murky—and the implications could be huge.Under the Federal Reserve Act of 1913, members of the Fed’s…
