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India’s Titan shines on jewellery business revenue boost

April 8 (Reuters) – Shares of Indian jeweller Titan Company rose as much as 5% on Tuesday to be the second-biggest gainer on the benchmark Nifty 50 index, as demand for costlier jewellery and gold coins boosted its quarterly revenue by one-fourth. Titan was last up 3.4% at 3,126 rupees in Mumbai as of 11:20 am IST while the Nifty 50 index gained 1%. In the January-to-March period, Titan’s stock underperformed compared with the broader market, which analysts attributed to concerns that a record rally in gold prices would affect demand in its mainstay jewellery business that includes plain and

Supreme Court sets aside HC order for CBI probe into creation of supernumerary posts by WB cabinet

SC - Supreme Court of IndiA

New Delhi, Apr 8 (PTI) The Supreme Court on Tuesday set aside part of the Calcutta High Court judgement ordering a CBI probe into the West Bengal cabinet’s decision to create supernumerary posts in state-run and aided schools. The top court, however, made it clear the CBI probe as directed by the Calcutta High Court into other aspects related to the appointment of 25,753 teachers and staffers in West Bengal’s state-run and aided school would continue. A “supernumerary post” refers to a temporary position created to accommodate an employee who is entitled to a regular post which is unavailable currently

Gold rises as trade war jitters revive safe-haven demand

April 8 (Reuters) – Gold prices rebounded on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted investor appetite for safe-haven assets. Spot gold was up 0.5% at $2,996.6 an ounce, as of 0340 GMT. Bullion hit its lowest level since March 13 on Monday. U.S. gold futures gained 1.3% to $3,010.70. U.S. President Donald Trump ramped up tariff threats against China on Monday, while the European Union outlined plans for retaliatory duties, deepening fears of a drawn-out trade war

Indian shares rise on bargain buying as Asia rebounds on tariff talk hopes

April 8 (Reuters) – India’s benchmark indexes on Tuesday rebounded from the previous session’s sharp selloff as bargain hunting and a broader recovery across Asia lifted sentiment amid hopes of U.S. tariff negotiations. The Nifty 50 rose 1.08% to 22,409.15 while the BSE Sensex gained 1% to 73,860.7 respectively, as of 10:22 a.m. IST. Both had risen about 1.9% earlier in the morning. “The rebound comes as no surprise as markets are oversold and remain ripe for a rebound led by tariff-agnostic companies and sectors,” said Yogesh Kansal, cofounder of online trading platform Appreciate. The Nifty and Sensex tumbled 3.2%

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