Silver prices fell sharply on Thursday, January 8, declining by ₹12,500 to ₹2,43,500 per kg after closing at a lifetime high of ₹2,56,000 per kg in the previous session, according to the All India Sarafa Association. Meanwhile, the price of gold (24K, 99.9% purity) in the local bullion market decreased by ₹900 to ₹1,40,500 per 10 gram (inclusive of all...
Business
IndiGo becomes first airline in India to introduce Airbus A321XLR
India’s largest airline, IndiGo, announced on Wednesday, 7 January, that the first Airbus A321 XLR aircraft has successfully landed in Delhi, marking a significant milestone in the country’s aviation industry. IndiGo becomes the first Indian airline to include an Airbus A321XLR in its fleet. The long-range version of the Airbus A321neo arrived at Indira Gandhi International Airport in Delhi this morning....
Nvidia CEO Huang says next generation of chips in full production
Nvidia CEO Jensen Huang said on Monday that the company’s next generation of chips is in “full production,” saying they can deliver five times the artificial-intelligence computing of the company’s previous chips when serving up chatbots and other AI apps. In a speech at the Consumer Electronics Show in Las Vegas, the leader of the world’s most valuable company revealed new...
Unhappy with pace of change, Tata Group looks to replace Air India CEO
Air India may soon get a new CEO as Tata Sons has begun looking at a possible leadership change at its airline business, reported The Economic Times. The report said the group has held talks with senior leaders from major international airlines as it reviews its top management structure. Group chairman N Chandrasekaran has spoken with chief executives of at...
Gold prices jump as US action in Venezuela boosts haven demand
Gold prices jumped in Asian trading on Monday following a U.S. military operation in Venezuela that resulted in the capture of President Nicolás Maduro, prompting a fresh bout of safe-haven buying. Spot gold was last up 1% at $4,374.92 an ounce by 18:59 ET (00:59 GMT). U.S. Gold Futures for March delivery rose 0.8% to $4,381.10. Risk appetite was hit after...
India’s Forex Reserves Jump $3.3 Billion To $696.61 Bn; Gold Holding Up $2.9 Bn
India’s foreign exchange (forex) reserves jumped $3.293 billion to $696.61 billion in the week to December 26, according to the latest RBI data. Value of the gold reserves increased $2.956 billion to $113.32 billion during the week. The overall kitty had increased by $4.368 billion to $693.318 billion in the previous reporting week. For the week ended December 26, foreign...
Subsidies consume major chunk of budgetary expenditure of Delhi govt
Subsidies on electricity and water supply, travel by women passengers in buses, and concessional passes comprise around 35 per cent of the budgetary expenditure of the Delhi government, according to a report. The report released recently by the Delhi government’s Directorate of Economics and Statistics covered the budgets of three financial years 2023-24, 2024-25 and 2025-26. It seeks to ascertain...
In A First, India’s Rocket To Launch Big US Commercial Satellite
Space and atomic energy technology are closely guarded, and in the past Indo-US relations have swung like a pendulum in both these sectors, but now the world’s oldest democracy and the world’s largest democracy are showing signs of tangoing together in a new Indo-US strategic and commercial embrace. In a new milestone, the nuclear energy sector was opened up...
Infosys shares climb 3%, m-cap hits Rs 7L crore amid 4-day gains
Shares of Infosys Ltd climbed 3 per cent in Monday’s trade after the IT firm said it received final approval for a settlement concerning certain class action lawsuits filed in the United States. The stock also gained, tracking its ADR movement recently. Rising for the fourth straight session, Infosys rose 3.19 per cent to hit a high of Rs 1,692 apiece....
CCI Takes Cognisance Of Complaint Against IndiGo Over Mass Flight Disruptions
The Competition Commission of India (CCI) has taken cognisance of a complaint filed against budget airline IndiGo over the widespread flight disruptions that affected passengers across multiple routes in recent weeks. In a press release issued on Thursday, the competition watchdog said it had carried out a preliminary assessment of the information placed before it and decided to proceed further...
India–US trade deal talks move forward, but Delhi refuses to open agriculture market
India is prepared to step up purchases of American defence equipment, energy supplies and aviation products as part of the ongoing India–US trade deal discussions, but New Delhi has made it clear that agricultural goods from the US will not be given entry under the agreement. According to government sources, India and the US are currently negotiating a broad trade...
Paramount’s $108 billion hostile bid for Warner Bros amid Netflix’s merger plans
Paramount Skydance on Monday made a hostile $108.4 billion bid for Warner Bros Discovery, disrupting Warner Bros’ tentative agreement with Netflix in a move aimed at constructing a media giant to rival leading streaming services. This action follows a weeks-long bidding war that saw Netflix, Paramount, and Comcast competing for Warner Bros Discovery’s TV, film studio, and streaming assets. Netflix had appeared...