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Gold, silver rate today live updates: Gold falls over 2%, silver drops nearly 4% as rising oil prices fuel inflation and rate concerns

Gold, silver price today: International gold tumbles over 2% after hitting two-week high Global gold prices witnessed a sharp correction after climbing to a two-week high in the previous session. Spot gold dropped more than 2% to around $4,043 per ounce during US trading, after earlier touching its highest level since July 7. Silver also…

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ITC is now 2nd largest FMCG co by revenue

ITC chairperson Sanjiv Puri, on Thursday, said the company aspires to become India’s number one FMCG player, telling shareholders at the annual general meeting that its non-tobacco FMCG business has crossed Rs 24,000 crore in revenue.The milestone makes it the second-largest FMCG company by revenue after Hindustan Unilever, ahead of Nestle (Rs 23,200 crore in…

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Iran war pushes Brent to $100, oil companies fear hit to their finances

Global benchmark Brent crude topped the $100-per-barrel mark NEW DELHI: Global benchmark Brent crude topped the $100-per-barrel mark Thursday for the first time in nine weeks as the renewed conflict between US and Iran in West Asia disrupted shipments thr-ough Strait of Hormuz, while Tehran-backed Houthi rebels continued to target shipping through Bab el-Mandeb Strait.Brent…

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US unveils fresh tariffs of up to 12.5% on 60 economies amid ‘forced labour’ probe; rate for India lowered to 10%

India to face 10% US tarrifs The Trump administration on Thursday imposed new tariffs of 10 per cent and 12.5 per cent on imports from 60 economies, including India, saying the move aims to push trading partners to strengthen enforcement against goods produced using forced labour. India now qualifies for the lower 10% rate after…

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Indigo Airline Commitments: IndiGo offers crisis management plan to settle CCI probe into flight disruption case

India’s largest airline IndiGo has proposed a series of commitments (representative image) India’s largest airline IndiGo has proposed a series of commitments, including setting up a crisis management group, creating a dedicated passenger grievance mechanism and temporarily handing over airport slots during major disruptions, in a bid to address anti-competitive concerns raised by the Competition…

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US stocks today: Wall Street trades in red as oil tops $100 per barrel; Nasdaq tumbles over 2%, Dow slips over 600 points

Wall Street opened lower on Thursday, with Nasdaq leading the losses, as the first round of earnings from Big Tech companies renewed concerns over their huge spending on artificial intelligence. At the same time, oil prices breaching the $100 per barrel levels amid rising tensions in the Middle East also down on market sentiment.Around 9…

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Premium petrol to remain ethanol-free; no plan to blend beyond 20% as of now: Govt to Parliament

Consumers buying premium petrol from state-run fuel retailers will continue to get ethanol free fuel. The Centre on Thursday clarified that these specialised grades will remain exempt from the Ethanol Blended Petrol (EBP) programme. It further added that, currently, there is no proposal either to bring back E0 or E10 petrol or to raise ethanol…

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Hydrogen-Powered Train: India’s first hydrogen-powered train clocks around 900 km in five days

File photo: A view of India’s first hydrogen-powered train between Jind and Sonipat (Picture credit: ANI) India’s first hydrogen fuel cell-powered passenger train has covered around 900 kilometres during the first five days of its commercial operations on the Jind-Sonipat route in Haryana, according to an official statement issued on Wednesday.The train, which was flagged…

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