However, silver prices bounced back after four straight days of massive decline. Silver rose by Rs 200 to Rs 82,200 per kilogram from Rs 82,000 per kg in the previous trade, according to the All India Sarafa Association.
“Foreign exchange traders are not expecting the rupee to touch 84 levels, because traders are cautious while taking a position once the rupee crosses 83.93/$1 and as the Reserve Bank would step in to stop the depreciation”, said a trader at a state run bank.
Gazans expressed concern over Hamas appointing ex-military commander Yahya Sinwar as its new leader, fearing it might hinder ceasefire efforts. Sinwar replaces Haniyeh, who was recently assassinated. Israel's intent to target Sinwar adds to tensions. Some see Sinwar’s Gaza residency as an advantage for negotiations, contrasting Haniyeh’s exile.
Himachal Pradesh Minister Jagat Singh Negi urged BJP MP Kangana Ranaut to speak responsibly after she criticized the state government for lack of action following recent floods. He warned that such statements demoralize rescue workers. Ranaut visited the flood-affected areas, labeling the government's response as inadequate and calling for an investigation into relief funds.
Despite recent volatility, the index has found support around 24,000 and its 50-day exponential moving average, leading to a relief rally. This suggests a potential short-term reversal, but confirmation will depend on further upward movement.
The government has announced the recipients of the Rashtriya Vigyan Puraskar, celebrating contributions in various scientific fields. Honorees include prominent scientists and engineers from across disciplines like Physics, Chemistry, Biological Sciences, and others. This recognition spans 13 domains, honoring notable figures for their work, including the Chandrayaan-3 team and recognized individuals in space technology and innovation.
The Congress has criticized the government's budget proposal to offer two tax rate options for long-term capital gains (LTCG) on properties, calling for indexation benefits for all forms of savings. The party argued that the changes unfairly burden the middle class and highlighted widespread protests and a campaign to reinstate indexation.
Uddhav Thackeray voiced strong opposition to the Dharavi redevelopment project by the Adani Group, insisting residents should be rehoused within Dharavi. Sharad Pawar reportedly echoed this sentiment in meetings with Maharashtra CM Eknath Shinde. Concerns were raised over plans to relocate residents across multiple Mumbai locations, potentially creating multiple slums.
Indian markets rebounded on Wednesday after three days of declines, with the Sensex up nearly 900 points and Nifty50 rising over 300 points. Key sectors showing gains included PSU, energy, and metals.
The Supreme Court advised judicial restraint and responsibility in court observations, especially with live streaming. This came after it expunged inappropriate remarks by a High Court judge. The apex court noted that such comments could damage the judicial process and urged future circumspection to maintain sanctity.
DBS Group's CEO Piyush Gupta will step down in March 2025 after leading the bank since 2009. His successor, Tan Su Shan, has extensive experience in consumer banking, wealth management, and institutional banking. Under Gupta's tenure, DBS received significant recognition for its use of technology and was named the "World's Best Bank". Tan, who has worked in major financial hubs worldwide, is currently the deputy CEO and group head of institutional banking at DBS. Gupta's total compensation dropped... Читать дальше...
People's Democratic Party leader Mehbooba Mufti pointed out that the turbulent events in Bangladesh serve as a warning for India. She noted that the country's youth, facing rising inflation and unemployment, might react similarly if pushed too far. Mufti emphasized the need for addressing issues in Jammu and Kashmir to prevent similar unrest.
Avoid these five delicious snacks that can disrupt your hormonal balance and impact your health. From sugary temptations to processed cookies, find out which popular treats could be sabotaging your hormones.
In 2017-2018, Intel deliberated over investing in OpenAI, but ultimately declined. Then-CEO Bob Swan was skeptical about the market readiness of generative AI. This missed chance, among others, has seen Intel lagging behind competitors like Nvidia and AMD, struggling to reclaim its former dominance in the AI landscape.
Reliance Industries, in its annual report, said that the JioBharat phone, launched in July 2023, captured a 50% market share in the sub-Rs 1,000 segment for FY24. Aimed at shifting 2G users to digital networks, the device offers smartphone-like features at a lower price, significantly aiding digital transition among feature phone users.
"For cash on delivery orders, finding exact change can sometimes be inconvenient. Starting today, our customers can pay delivery partners in cash, and ask for the balance amount to be added instantly to their Zomato Money account. This balance can be used towards future delivery orders or dining out," Goyal said in a post on X, formerly Twitter.
Riyan Parag debuted in ODI cricket for India against Sri Lanka at R Premadasa Stadium, making him the first male cricketer from Assam to achieve this. The 22-year-old all-rounder replaced Arshdeep Singh in the playing XI as India sought to prevent a series loss in the third and final match of the series.
A delegation from the Nishad community met CM Yogi Adityanath, expressing satisfaction with the action taken in the gangrape case of a 12-year-old girl. The CM assured strict punishment for the culprits. Moid Khan and his employee were arrested. The victim's safety was prioritized, and financial aid was given to the family.
The Nifty Auto index closed 1.7 per cent up at 24937.6.
Reliance Industries' annual report highlights India's booming retail market set to surpass USD 1.4 trillion by 2027, with Reliance Retail at the forefront. The sector's growth is driven by urbanisation, rising incomes, and evolving consumer preferences. Reliance Retail, recording 1.2 billion customer transactions, faces challenges like limited real estate supply and manpower. The company's expansion includes a multi-channel distribution model and focus on building consumer brands.
NSE Q1 Results: Revenue from operations for the reported quarter stood at Rs 4,510 crore. The net profit margins for Q1 FY25 were 52%. During this quarter, the bourse allocated an additional Rs 587 crore to enhance the Core Settlement Guarantee Fund (SGF) corpus, raising it to Rs 10,500 crore as recommended by SEBI. After this contribution, the core SGF corpus will stand at Rs 9,726 crore.
Heavy rain lashed Assam's capital, Guwahati, causing severe waterlogging and inconveniencing commuters and school students.