Gold prices hit record high amid global uncertainty

 New Delhi (IANS) Gold prices jumped over 6.5 per cent this week, reaching a record high of $3,237 per troy ounce. This marks the metal's strongest weekly performance since the early days of the Covid-19 pandemic, as global investors react to…

FDI in India’s pharma sector crosses Rs 19,134 crore during 2024-25

New Delhi (IANS) India's pharmaceuticals and medical devices sector has seen a FDI inflow to the tune of Rs 11,888 crore from April to December in the financial year ended on March 31, 2025, apart from which 13 FDI proposals worth Rs 7,246.40…

Electronic permits register 20 pc growth at record 124.5 million in March

New Delhi (IANS Electronic permits in India reached a record 124.5 million in the month of March, a 20 per cent increase on an annual basis, showing robust factory activity. The sharp rise in India’s goods movement, which is 11.5 per cent more than…

Payments via mobile phones clocked 41 pc jump in July-Dec 2024

New Delhi (IANS) Payments through mobile phones in India recorded a 41 per cent jump in transaction volume to 88.54 billion and a 30 per cent rise in value to Rs 197.69 lakh crore in the second half of 2024. 

India’s digital payments ecosystem…

Sensex, Nifty open higher after Trump pauses tariffs till July 9

Mumbai (IANS) Indian equity market opened in the green on Friday after US President Donald Trump announced to pause reciprocal tariffs on the country till July 9. 

At around 9:22 am, Sensex was up 1,170 points or 1.58 per cent, at 75,017 and…

India, US likely to sign trade pact within 90-day tariff-pause period

New Delhi (IANS) The first phase of the bilateral trade agreement between India and the US is likely to be concluded within the tariff-pause period of 90 days fixed by the Donald Trump administration, according to official sources. 

The terms…

Trump pauses tariffs on countries like India that did not hit back

Washington (IANS) US President Donald Trump on Wednesday announced a 90-day pause in reciprocal tariffs for trading partner countries that have not retaliated with higher levies on American goods — such as India — and further hiked the levy on China…

India’s exports surge to record $820 billion in 2024-25 despite global challenges

New Delhi (IANS) India’s goods and services exports have crossed a record $820 billion in financial year 2024-25, which represents a close to 6 per cent increase over the corresponding figure of $778 billion for the previous financial year, despite…

RBI cuts repo rate by 25 basis points, switches to accommodative stance to spur growth

Mumbai (IANS) RBI Governor Sanjay Malhotra on Wednesday announced a 25 basis cut in the policy rate from 6.25 per cent to 6 per cent and change in monetary policy stance from neutral to accommodative to accelerate economic growth. 

The RBI…

RBI cuts inflation forecast to 4 per cent for 2025-26

Mumbai (IANS) The Reserve Bank’s Monetary Policy Committee has reduced its inflation forecast for 2025-26 to 4 per cent from 4.2 per cent earlier as the “outlook for food inflation has turned decisively positive,” RBI Governor Sanjay Malhotra said…