Gold prices are poised for consolidation, yet a positive bias persists amid growing anticipation of a US Federal Reserve rate cut in September. Upcoming US macro data and Fed officials’ speeches will be crucial in shaping monetary policy and influencing gold’s trajectory. Geopolitical and trade developments, including Russia-Ukraine peace talks and tariffs, will also be […]
State-owned fuel retailers experienced significant profit surge in Q1 FY26, with a combined net profit of Rs 16,184 crore, driven by robust petrol and diesel marketing margins. BPCL led with a net profit of Rs 6,124 crore and a GRM of $4.88 per barrel. These gains offset inventory losses and unresolved LPG subsidy burdens.
India and China have made progress in reviving border trade, with Beijing agreeing to reopen the Shipki-La pass in Himachal Pradesh, suspended since 2020. External Affairs Minister S Jaishankar informed Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu that discussions are underway to restore trade through Shipki-La, Lipulekh, and Nathu La.
Fueled by bullish domestic equities, eight of the top-ten most valued firms in India saw a combined market valuation increase of over Rs 1.72 lakh crore last week. Reliance Industries emerged as the biggest gainer, while HDFC Bank and SBI experienced declines in market capitalization. Reliance Industries remains the most valued firm, followed by HDFC
CII’s comprehensive reform blueprint aims to accelerate India’s economic transformation through simplified GST, rationalized tariffs, and new employment policies. The report proposes over 250 actionable recommendations across 14 critical areas, including bringing petroleum and real estate under GST. These measures seek to boost growth, job creation, and sustainability, positioning India for global leadership.
India’s seafood exports remained steady at $7.45 billion in 2024-25, despite a decline in shipment volumes to 16,98,170 tonnes. Frozen shrimp dominated exports, earning $5.17 billion. The United States continued as the largest market, importing $2.71 billion worth of seafood, followed by China and the European Union.
