Mumbai, May 13 (IANS) Gold and silver prices on Wednesday witnessed a sharp surge of up to 8 per cent after the government more than doubled the import duty on precious metals.
Mumbai, May 13 (IANS) Domestic equity markets opened flat on Wednesday amid mixed global cues and a decline in oil prices.
New Delhi, May 13 (IANS) The increase in import duty on precious metals is a part of a broader strategy aimed at conserving foreign exchange, protecting the current account, prioritising essential imports, and strengthening India’s economic resilience in the face of evolving global uncertainties, government sources said on Wednesday.
Seoul, May 13 (IANS) Samsung Electronics and its labour union failed to reach a wage agreement on Wednesday, raising concerns over a major strike later this month that could disrupt operations at the world's largest memory chipmaker.
New Delhi, May 13 (IANS) Air India has decided to suspend several international flights for three months, beginning June, amid surging jet fuel prices due to the Middle East crisis, said reports.
New Delhi, May 13 (IANS) The government on Wednesday announced a hike in customs duties on gold and silver to 15 per cent from 6 per cent as policymakers move to contain pressure on India’s foreign exchange reserves and the external account amid the ongoing West Asia conflict.
New Delhi, May 12 (IANS) Prime Minister Narendra Modi's appeal to citizens to be pragmatic and responsible amid the current global volatility is being seen as a prudent set of measures preparing the country to be resilient enough to endure a period of sustained uncertainty and possible rise in international oil and energy prices.
New Delhi, May 12 (IANS) The global fuel price shock has shattered Pakistan because of the country’s heavy reliance on imported energy and its weak balance-of-payments position, taking its monthly trade deficit ballooned to $4.07 billion in April, according to a new report.
New Delhi, May 12 (IANS) The government on Tuesday said it has revised the release date of the provisional estimates (PE) of annual gross domestic product (GDP) and quarterly estimates of GDP for fourth quarter (Q4), from last working day of May to June 7 (or the previous working day if June 7 is a holiday) of every year.
New Delhi, May 12 (IANS) The moderate jump in inflation in April reflects relatively stable price conditions across several core consumption categories, particularly transport, industry leaders said on Tuesday.
