Latest News

Gold futures drops to Rs 1.51 lakh/10g as strong dollar, oil surge weigh on bullion

New Delhi, Apr 24 (PTI) Gold prices fell ₹462 to ₹1.51 lakh per 10 grams in futures trade on Friday, tracking weak global trends amid a stronger US dollar and rising crude oil rates. On the Multi Commodity Exchange, the yellow metal for June delivery declined ₹462, or 0.3 per cent, to ₹1,51,299 per 10 grams in a business turnover of 8,310 lots. Analysts said pressure on precious metals came from a firm dollar and elevated energy prices, as well as heightened inflation concerns. Gold prices declined on Friday. The pressure on the precious metals can be attributed to a

India’s Asteria, the Reliance unit at the centre of a bribery scandal

NEW DELHI, April 24 (Reuters) – A bribery investigation by India’s federal crime-fighting agency has put a spotlight on drone technology company Asteria Aerospace, a little-known unit of billionaire Mukesh Ambani’s Reliance Industries. The Central Bureau ​of Investigation arrested officials from India’s aviation watchdog and Reliance Industries earlier this week, alleging ‌bribery payments to secure approvals for certain drone imports. Reliance has previously said it did not authorise nor was aware of any such transactions, while the lawyer for the aviation watchdog’s official has opposed his custody. THE DRONES BUSINESS India’s drone ​industry has been on a growth trajectory since

India rebukes Trump for sharing ‘hellhole’ remarks on birthright citizenship

NEW DELHI, April 24 (Reuters) – India has dismissed ​as “uninformed” comments shared by U.S. President Donald Trump that described the country as a “hellhole”, saying they were ‌inappropriate and inconsistent with the strong relationship between the two countries. The comments were made by conservative commentator Michael Savage in an episode of The Savage Nation talk radio show. Trump posted a transcript of the show on his Truth Social account ​on Thursday without any comments. “A baby here becomes an instant citizen, and then they bring the ​entire family in from China or India or some other hellhole on the

Oil prices rises on concerns over escalating military tensions in the Middle East

BEIJING/PERTH April 24 (Reuters) – Oil prices ​rose on Friday due to fears of a renewed military escalation in the Middle East after Iran released footage of commandos ‌boarding a cargo ship in the Strait of Hormuz and on reports Tehran’s air defences had engaged “hostile targets.” Brent crude futures rose 99 cents, or 0.94%, to $106.06 a barrel at 0410 GMT, while West Texas Intermediate futures were up 71 cents, or 0.73%, at $96.56. Brent rose 17.13% throughout the course of the ​week while WTI rose 15.13%, the second-largest weekly gain since the war began. The resulting closure of

1 … 172 173 174 175 176 … 1,539