Demand for precious metal gold is expected to be muted in 2023 even as the economic momentum remains healthy and the RBI repo rate hike cycle has paused after a prolonged monetary policy tightening, according to World Gold Council.
In light of the ongoing high inflation pressures, the Governing Council of the European Central Bank (ECB) decided to raise the key interest rates by 25 basis points (100 basis points makes 1 percentage points).
Better-than-anticipated financial results from Indian firms in the March quarter also contributed to the positive market sentiment. All sectoral indices on the NSE, except for the Nifty FMCG index, closed higher
Addressing the protestors, Congress MP Hibi Eden said, "This is a protest against tax terrorism imposed by the state government. The tax hike is a decision that puts people in a miserable situation. Chief Minister Pinarayi Vijayan seems to follow the same policies as Prime Minister Narendra
Strength in Indian stock indices continued from the past few sessions which opened in the green on Thursday, but was limited as US Fed in its fight against inflation raised interest rates by another 25 basis points.
The recent banking crisis in the US appears to have resulted in tighter credit conditions and they are likely to hurt economic activities, said US Federal Reserve Chair Jerome Powell after the two-day monetary policy review meeting where it once again hiked interest rates in their pursuit of
The US monetary policy committee, seeking to achieve inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by another 25 basis points to 5.0-5.25 per cent at its latest two-day review meet held during May 2-3.
India recorded 9,355 new Covid cases in the last 24 hours and the active caseload now stands at 57,410, informed the Ministry of Health and Family Welfare.
Reacting sharply to Congress leader Siddaramaiah claiming that his party would increase the reservation limit in Karnataka from 50 per cent to 75 per cent if voted to power in the upcoming Assembly elections, former chief minister BS Yediyurappa on Wednesday said the "poll promise" would
Global GDP growth is forecasted to slow from 3.0 per cent in 2022 to 2.3 per cent in 2023 and the slowdown is expected to be centred in Europe and the US -- regions where high inflation and monetary policy tightening through interest rate hikes are restraining consumer and business spending,
The benefit will also be given to employees in the clerical and supervisor class. The Kejriwal Government has increased their minimum monthly wages, including non-matriculation, matriculation, and graduate employees. These new rates will be applicable from April 1.