Futures of gold rose on Thursday as vote counting in the US showed Joseph Biden is likely to be the next President if the country. Gold futures on the Multi Commodity Exchange (MCX) jumped above the level of Rs 51,000 per 10 gram tracking a positive trend in the international markets. Gold prices rose on […]
The rupee on Tuesday settled almost flat at 74.41 against the US dollar after its initial gains were erased despite strong equity markets. Despite the early bounce, the home unit appeared to struggle, even as the dollar remained broadly weak. The rupee opened sharply higher at 74.34 amid heavy buying in local stock markets. The […]
An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to Rs 50,970 from Rs 50,960. It was also higher than the previous week average of Rs 50,885.71 by 0.17%. Although the gold price in both global($1880.2) as well as Indian market(Rs. 50,970) experienced a growth, the spot […]
Indian online grocery startup BigBasket is in advanced talks to sell a majority stake for about $1 billion to salt-to-software conglomerate Tata Group, a newspaper reported on Wednesday, citing three sources familiar with the matter. The century-old group has been planning to launch a “super app”, one that will tie in all its consumer businesses, […]
The rupee depreciated 16 paise to 73.77 against the US dollar in opening trade on Monday as muted domestic equities and strong American currency weighed on investor sentiment. The local unit opened at 73.77 at the interbank forex market, down 16 paise over its last close. On Friday, the rupee had settled at 73.61 against […]
Chinese apps, banned by the government for security concerns, are coming back with new names and with different countries of origin. It is critical for civil society and citizens to identify such apps and alert the government in order to maintain security and hygiene in the Indian app ecosystem. In July this year, right after […]
Amazon.com Inc on Sunday won an interim award against its partner Future Group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single judge arbitration panel put the deal on hold. Amazon, which had agreed to purchase 49 per cent of one of Future’s unlisted firms last year with the […]
Having experienced a setback amid the Covid pandemic, which affected the sale of fans during summers, the home appliances makers are banking on the northern region for water heaters. The region contributes 40% to total sales across the country. The Indian water heater market was pegged at Rs 2,500 crore in 2019. There are around […]
The rupee slipped 11 paise to 73.65 against the US dollar in opening trade on Friday, tracking stronger American currency overseas. At the interbank forex market, the domestic unit opened weak at 73.62 and dropped further to 73.65 against US dollar in early deals, showing a fall of 11 paise over its previous close. On […]
Smartphone segment in India rebounded after the lockdown to touch an all-time high of 50 million units in September quarter with Chinese companies collectively holding 76 per cent market share, according to research firm Canalys. All the top five smartphone vendors — Xiaomi, Samsung, Vivo, Realme and Oppo — saw their shipment grow in the […]