Gold prices started the week near $4,400/oz after recording a weekly decline. Gold price prediction today: Gold seems to be facing pressures from multiple fronts, entering a corrective phase, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Here’s is what he has to say about the gold price outlook:Gold has…
The Income Tax Department had focused on the gross winnings figure without taking into account the corresponding buy-ins. (Image for representative purpose only) You play online games – you win some money and you lose some money. How does the taxation on your wins and losses work? The Income Tax Appellate Tribunal (ITAT) Bangalore has…
Brent surged 7.8% last week. Oil prices extended gains on Monday as fresh strikes between the US and Iran targeting vessels in and around the Strait of Hormuz heightened concerns over prolonged disruptions to Middle East oil supplies.Brent crude futures rose 52 cents, or 0.54%, to $96.80 a barrel by 2354 GMT, while US West…
Seven OPEC+ members took the decision at a virtual meeting on September 6. OPEC+ on Sunday decided to keep its oil production targets unchanged for October, as the group assesses the impact of ongoing conflicts in West Asia and disruptions to oil exports through the Strait of Hormuz.Seven OPEC+ members, Saudi Arabia, Russia, Iraq, Kuwait,…
The pre-open session will continue to operate between 9 AM and 9:15 AM. After making changes to the closing session methodology, the National Stock Exchange (NSE) is now set to revise its order-entry rules for the equity market’s pre-open session from September 7. While the overall 15-minute pre-open period will remain unchanged, the rules governing…
Your sugar cravings may get costlier (PTI photo) MUMBAI: Your next pack of cookies, chocolates or ladoos could cost you more. Under pressure because of high prices of sugar, consumer goods companies are planning to take price hikes. Bikaji Foods is already in the process of rolling out about a 2% price increase across its…
VCs, celebrities bet on AI startups in media, sports NEW DELHI: Artificial intelligence investment is widening beyond enterprise software and chip bets, and one of the areas money is increasingly flowing into is media, entertainment and sports. In India, venture capital firms, private equity investors, family offices and celebrities are backing startups using AI to…
Companies set to raise Rs 7.2k crore via IPOs MUMBAI: The new week promises to be extremely busy for the primary market with as many as 11 main board and five SME offers lined up, together targeting about Rs 7,200 crore. This is a precursor to the likely blockbuster later in the month when NSE…
China to pump $54 billion into state banks, insurers BEIJING: China’s finance ministry will lead a combined $54 billion in capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.China Life Insurance (Group) Co, the country’s largest life insurer,…
Where are gold and silver prices headed this week Gold and silver could remain volatile this week as investors weigh US inflation data against changing expectations for interest rates, while crude oil prices and geopolitical developments in the Middle East add to the list of factors influencing bullion markets, analysts said.The focus will be on…