Economy

Mumbai: Gold’s dream run continues in 2025, with experts predicting that prices could climb as high as Rs 1.3 lakh per 10 grams this Dhanteras and even reach Rs 1.5 lakh by early 2026. The surge is being driven by global economic uncertainty, strong central bank buying, and expectations of interest rate cuts that are

New Delhi: India’s booming primary market continues to attract global attention, with Citigroup Inc. predicting that Indian initial public offerings (IPOs) could raise as much as $20 billion over the next 12 months. The projection comes amid strong investor demand and a record pipeline of upcoming listings across technology, healthcare, and consumer sectors. According to

Mumbai: The Reserve Bank of India (RBI) on Thursday announced the appointment of Sanjay Kumar Hansda as Executive Director (ED), effective March 3, 2025. Hansda recently returned to the central bank on October 6, after completing his deputation as Senior Advisor to the Executive Director (India) at the International Monetary Fund (IMF). As Executive Director,

New Delhi:  Gold prices reached a historic milestone on Wednesday, crossing the $4,000 per ounce mark in international markets for the first time ever. The precious metal touched a record high of $4,002.53 in spot trading, while December gold futures on the US Commodity Exchange rose 0.5 per cent to $4,025 per ounce. The sharp

New Delhi: India’s services sector activity remained steady in September, with the HSBC India Services Purchasing Managers’ Index (PMI) standing at 60.9, according to data released by S&P Global on Monday. Pranjul Bhandari, Chief India Economist at HSBC, said business activity in the services sector remained strong even though it was slightly lower than the

New Delhi:  Tesla and SpaceX CEO Elon Musk has become the world’s first person ever to reach a net worth of $500 billion, followed by Oracle’s Larry Ellison at a distant second. According to Forbes’ billionaires index, Musk’s net worth stood at $500.1 billion as of 4.15 pm ET (1:45 am Thursday India time). His feat

Mumbai: The Reserve Bank of India (RBI) on Wednesday announced a major set of changes to make bank credit more accessible for companies and individuals. The central bank has decided to allow banks to finance acquisitions by Indian corporates, while also easing restrictions on lending against shares and debt securities. Governor Sanjay Malhotra, after the

Mumbai: The RBI has raised its projection of India’s GDP growth rate to 6.8 per cent for 2025-26 from 6.5 per cent earlier, as the implementation of several growth-inducing structural reforms, including streamlining of GST, is expected to offset some of the adverse effects of the external headwinds, Reserve Bank Governor Sanjay Malhotra said on

New Delhi: HDFC Bank has informed that its branch in Dubai International Financial Centre, namely ‘DIFC branch’, has received a decision notice from the Dubai Financial Services Authority (DFSA), restricting it from onboarding or soliciting new clients. Further, DIFC has also been banned from soliciting, onboarding or engaging in any financial promotions with any new

Mumbai: A well-developed financial system will be crucial as India embarks on its journey towards Viksit Bharat at 2047, SBI Chairman CS Setty has said. Addressing the capital market leaders here, he said a well-developed financial system will be crucial which calls for deepening of capital markets, fostering innovation, and nurturing financial talent. “At SBI,