Gold rate today: Gold prices surged by Rs 550 to Rs 99,300 per 10 grams in the national capital on Monday, driven by persistent buying from jewellers and retailers, according to the All India Sarafa Association. The precious metal, with 99.9 per cent purity, had closed at Rs 98,750 per 10 grams on Friday. Since Wednesday of the previous week, …
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Reliance Infrastructure Ltd (RInfra) on Monday reported a net profit of Rs 4,387 crore for the March quarter, primarily driven by a reduction in expenses. In comparison, the company had posted a net loss of Rs 220.58 crore in the January-March period of 2023-24, according to an exchange filing.The company’s total income for the quarter stood at Rs 4,268.05 crore, …
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Fake discounts, pressure selling, and other practices on Chinese fast-fashion website Shein breach the law, the European Union (EU) has said. The bloc said it has given Shein one month to respond to its findings or face fines based on its sales in the EU countries where it says it has breached the law. “It’s now for Shein to step …
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India will still retain the tag of being the fastest growing major world economy with a GDP growth rate of 6.2% for 2025. (AI image) India will become the world’s fourth largest economy by the end of 2025 (FY 2025-26), according to the International Monetary Fund (IMF’s) World Economic Outlook report for April 2025. The IMF measures the size of …
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MUMBAI: Swiss consumer goods giant Nestle S.A has picked up a minority stake in Indian pet food startup Drools. The Bengaluru-based company did not disclose the specifics of the deal but said that it has been valued at $1 billion post the investment, joining the ranks of unicorn startups. “This is a financial investment by the company and Drools will …
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InterGlobe Aviation promoter Rakesh Gangwal and his family trust are expected to offload up to 3.4 per cent of their stake in IndiGo, valued at approximately Rs 6,831 crore, on Tuesday, according to sources. Gangwal, the co-founder of the airline, has been gradually reducing his holdings following a public fallout with co-founder Rahul Bhatia.In addition to Gangwal, the Chinkerpoo Family …
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The ed-tech giant Byju’s primary learning app has been removed from Google Playstore following payment defaults to Amazon Web Services, industry sources, quoted by PTI have said. Other applications under Think and Learn’s Byju’s brand remain accessible on the platform.“BYJU’s Learning app has been delisted from Playstore because of non-payment to Amazon Web Services, which provides support to the app. …
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Tata Motors’ electric vehicle (EV) business achieved a positive operating margin before depreciation and amortisation (Ebitda) in the fiscal year 2024-25, placing it among a small group of EV manufacturers globally to reach this milestone, the company said in its latest annual report.The turnaround in margins came even as EV sales dipped and its market share declined due to intensifying …
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As satellite-based communication services near commercial rollout, the Indian government is stepping up efforts to secure national interests amid expected dominance by global players such as Elon Musk’s Starlink, Jeff Bezos-led Amazon Kuiper, and Eutelsat OneWeb.Officials aware of the matter told The Economic Times that a slew of strategic measures are being finalized to boost domestic capabilities in the satcom …
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Memorial Day, which had traditionally been observed on May 30 to honor America’s fallen service members, officially became a federal holiday in 1971 and is now held on the last Monday in May.Over the years, it has also become one of the busiest weekends for retail sales and travel across the United States. Here’s a look at what’s open and …
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