Gold subdued as dollar firms, investors seek more Fed cues
Spot gold was down 0.1% at $2,176.29 per ounce, as of 0310 GMT. U.S. gold futures also edged 0.1% lower to $2,175.20.
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Kotak Securities initiates coverage on Gravita; sees 30% upside on favourable govt policies
Government policies reflect a strong intent to scale up and formalise the recycling industry, said Kotak Securities.
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Bid to widen reach during elections, cricket mania: Companies plan ad splurge for action-packed June quarter
Maruti Suzuki, Tata Motors, Hyundai Motors, Dabur and Godrej Appliances among others said they will be increasing their ad budgets for the next quarter. Overall spending may surpass that of the festive season because of the confluence of events, experts…
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India’s CAD narrows to 1.2% of GDP in Q3 due to higher service costs
India’s current account deficit (CAD) decreased in the October-December quarter of fiscal year 2023/24 to $10.5 billion, or 1.2% of GDP, compared to $11.4 billion or 1.3% of GDP in the previous quarter. This improvement was primarily driven by higher…
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CCI clears Adani Power’s purchase of Lanco Amarkantak
Adani Power proposes to acquire a 100% stake and control of bankrupt Lanco Amarkantak following a corporate insolvency resolution process (CIRP), the CCI said. Last month, Adani Power reportedly won the bid for the debt-laden firm for Rs 4,101 crore.…
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IRDAI issues series of regulations, tweaks regulation on surrender charges
IRDAI (Insurance Products) Regulations, 2024 merge six regulations into a unified framework aimed at enabling insurers to swiftly respond to evolving market demands, enhancing the ease of conducting business, and boosting insurance penetration. These regulations promote good governance in product…
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