In the futures market, gold speculators increased their net long positions by 3,924 contracts to 91,574 in the week ended April 28. Among other precious metals, spot silver rose 0.1 per cent to $75.38 an ounce, platinum advanced 0.2 per cent to $1,991.85, while palladium declined 0.3 per cent to $1,519.66 an ounce. Source link
NEW DELHI: India is poised to break into the top five markets globally for Nestlé over the next five years, driven by scale, favourable demographics and long-term growth drivers. Already among its fastest-growing markets globally, with over 14% growth last year, India receives “a strong global focus alongside sustained investments in R&D, manufacturing and brands”,…
MUMBAI: The appointment of Rohit Jain as deputy governor at the Reserve Bank of India comes after the retirement of T Rabi Sankar and at a time when the central bank has to prepare banks for new risks, including cybersecurity.Jain, who was appointed executive director in Dec 2020, was until now in charge of supervisory…
NEW DELHI: Stock markets are likely to be guided this week by the outcome of state elections and high crude oil prices amid the West Asia conflict, say analysts.The developments related to the West Asia conflict and the Strait of Hormuz will also be tracked by investors, they said. Counting of votes for the five…
BENGALURU: With many employees seeing a moderate dip in net take-home salaries in their latest payslips, companies are issuing explainers to help them understand the impact of the new labour codes.The reduction is largely due to changes in salary composition. Employee provident fund (PF) contributions have increased, as they are now calculated as 12% of…
MUMBAI: The boardrooms of India’s most powerful philanthropic trusts are looking at an uncomfortable May 8 reckoning. The Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT), which together hold a 52% controlling stake in Tata Sons, will convene to review their nominee directors on the holding company’s board, among other agenda items.The…
NEW DELHI: The race for the Maharaja’s crown of thorns — Air India CEO’s position — has entered its final stage with the selection narrowing down to four names, including AI chief commercial officer Nipun Aggarwal, erstwhile Vistara CEO Vinod Kannan, who is now senior vice president at Singapore Airlines (SIA), and two expatriates.The airline’s…
US Federal Reserve Governor Michael Barr has warned that stress in the fast-growing private credit market could trigger “psychological contagion” and spill into the broader financial system, Reuters reported citing an interview with Bloomberg News.Barr said direct links between banks and private credit firms do not currently appear “super worrisome”, but other areas such as…
New Delhi: Residential buildings under 24 metres in height — a category that includes a large number multi-storey homes, such as the ill-fated one in Delhi’s Vivek Vihar — will fall outside the scope of “fire and life safety” provisions under the newly notified National Building Construction Standards (NBCS), which replaced the National Building Code…
US Federal Reserve Governor Michael Barr has warned that stress in the fast-growing private credit market could trigger “psychological contagion” and spill into the broader financial system, Reuters reported citing an interview with Bloomberg News.Barr said direct links between banks and private credit firms do not currently appear “super worrisome”, but other areas such as…