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Gold rises Rs 100 to Rs 98,750/10 g amid firm global trends

New Delhi, May 23 (PTI) Gold prices rose Rs 100 to Rs 98,750 per 10 grams in the national capital on Friday amid firm global cues, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity appreciated by Rs 100 to Rs 98,300 per 10 grams (inclusive of all taxes). Firm trends in the international markets and persistent concerns about US fiscal policy continued to support longer-term demand for bullion prices, the association said. However, silver prices plunged by Rs 2,000 to Rs 99,200 per kg (inclusive of all taxes) on Friday. The white metal

“ED is weapon of BJP, Modi and Amit Shah”: Sanjay Raut

Mumbai (Maharashtra) [India], May 23 (ANI): Shiv Sena (UBT) leader Sanjay Raut on Friday stated that he had been a victim of the raids conducted by the ED (Enforcement Directorate), accusing the probe agency of being a “weapon” of the BJP and Prime Minister Narendra Modi. Addressing a press conference, Raut spoke on the Supreme Court rapping ED over the TASMAC raids in Tamil Nadu. “What is new here? I am a victim too (of ED). I have been through that, there are several others like me…ED is a weapon of BJP, of PM Modi, of HM Amit Shah. As

RBI reviewing shareholding norms for banks, says chief Malhotra

MUMBAI, May 23 (Reuters) – The RBI (Reserve Bank of India) is examining shareholding norms and licensing rules for banks as part of a broader review, Governor Sanjay Malhotra told the Times of India in an interview, less than a month after Japanese lender Sumitomo Mitsui signed a deal to acquire 20% in Yes Bank. While India permits 74% foreign direct investment in private banks, it restricts a single financial entity from holding more than 15% unless a regulatory exemption is granted. The rules also require a bank promoter – a large shareholder with management control – to reduce shareholding

Markets bounce back in early trade after sharp fall in previous session

Mumbai, May 23 (PTI) Benchmark indices Sensex and Nifty rebounded in early trade on Friday driven by buying in blue-chip IT stocks and a firm trend in Asian equity markets. After a flat start to the trade, the 30-share BSE benchmark gauge Sensex later bounced back and climbed 219.05 points to 81,171.04. The NSE Nifty went up by 111.2 points to 24,720.90. Later, both the benchmark indices extended their rally. The BSE benchmark gauge quoted 411.60 points higher at 81,363.59, and the Nifty traded 145.15 points up at 24,755.75. From the Sensex firms, Eternal, Infosys, HCL Tech, Power Grid, ITC,

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