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Gold Prices Slips on U.S.-China Deal

By Ritu, Capital Sands Gold prices slipped on Thursday in Asia after the U.S. and China signed a historic trade deal. Gold FuturesĀ slipped 0.1% to $1,552.15 by 1:30 AM ET (05:30 GMT). Tensions remained however, as Washington decided to keep duties on some $360 billion...

In Q4FY22, Bank of India’s net profit increased 142.3 percent to Rs 606 crore

On improved net interest margins, the Bank of India's net profit increased 142.3 percent to Rs 606 crore in Q4FY22. In Q4FY21, it had a net profit of Rs 250 crore. The net profit for FY22 increased by 57.6% to Rs 3,405 crore from Rs 2,160 crore in FY21. Subject to...

Amid the forex crisis, Sri Lanka seeks a $500 million loan from India for fuel purchases

In the midst of a severe foreign exchange crisis, the Sri Lankan Cabinet has accepted a 500 million dollar loan from the Exim Bank of India for the purchase of petroleum supplies. As the government grapples with a serious foreign exchange crisis, Sri Lanka has been...

At the Quad Summit, Australia’s Prime Minister pledges to cut carbon emissions by 43% by 2030

Anthony Albanese, Australia's newly elected Prime Minister, pledged to reduce carbon emissions by 43% by 2030 and to reach net-zero emissions by 2050. Albanese remarked during the Quadrilateral summit, "We will act in awareness of the fact that climate change poses...

After strong rains and thunderstorms, houses in Delhi collapse

On Monday, inhabitants of the national capital awoke to heavy rain and strong gusts, with reports of houses toppling in some areas. At around 5 a.m., a house in West Delhi's Nihal Vihar district fell. The people that were locked inside were freed. At around 6 a.m., a...

Today’s gold price is Rs 50,780 per 10 gramme, with silver at Rs 61,550 per kilogramme

On Wednesday, the price of 10 grammes of 24-carat gold increased by Rs 330 to Rs 50,780. Simultaneously, the price of one kilogramme of silver jumped from Rs 2,160 to Rs 61,550. The price of 10 grammes of 22-carat gold climbed by Rs 300 from the previous day's rate to...

According to CII president Sanjiv Bajaj, India’s GDP may expand 7.4-8.2% in FY23

According to Sanjiv Bajaj, the incoming president of the Confederation of Indian Industries and chairman of Bajaj Finserv, India's FY23 gross domestic product is predicted to expand between 7.4 and 8.2% under three scenarios of world crude oil prices. Bajaj also...

Today, India will hold meetings under the SCO on a Regional Anti-Terror Structure

On Monday, India will host a Regional Anti-Terror Structure (RATS) meeting in New Delhi under the auspices of the Shanghai Cooperation Organization (SCO). The major anti-terror meeting will begin at 9 a.m. today in New Delhi. The summit will be attended by all members...

Ranil Wickremesinghe, Sri Lanka’s new Prime Minister, has expressed interest in strengthening ties with India

Ranil Wickremesinghe, Sri Lanka's new Prime Minister, has expressed his desire for better connections with India during his term and praised India for its economic help as the country grapples with its worst economic crisis since independence. On Thursday,...

To address the fuel crisis, environmental permissions for coal mine expansions were eased

In response to fuel shortages that have resulted in hours-long blackouts, India has eased environmental licences for coal mine expansions. According to a government notice, certain existing facilities will be able to increase production by 10% without requiring fresh...

For nearly a year, Indian Railways failed to meet Coal India train provisioning targets

Coal is supplied by Indian Railways. According to government data, India has been falling short of its monthly coal transportation targets for more than a year, underscoring the reasons behind India's greatest power crisis in over six years. To meet record-high power...