Mumbai, July 24 (IANS) Gold and silver prices traded lower on Friday, with both precious metals falling by up to nearly 1 per cent as stronger US dollar and escalating geopolitical tensions in the Middle East weighed on investor sentiment.On the Multi Commodity Exchange (MCX), gold futures for August delivery opened at Rs 1,42,392 per 10 grams, down 0.30 per cent from the previous close of Rs 1,42,821 per 10 grams.At around 12 pm, the yellow metal fell as much as Rs 1,079 or 0.75 per cent to an …
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New Delhi, July 24 (IANS) India’s private sector activity remained on a growth trajectory in July, backed by manufacturing output and rising export orders, despite a moderation in services activity, according to the HSBC Flash India PMI data released on Friday.The seasonally adjusted HSBC Flash India Composite PMI Output Index came in at 54.3 in July from 57.1 in June. A reading above 50 indicates growth in business activity, the data showed.The moderation was primarily driven by the services se…
Washington, July 24 (IANS) The proposed India-Middle East-Europe Economic Corridor (IMEC) received strong bipartisan backing during a US congressional hearing on the future of the Abraham Accords, with lawmakers and policy experts describing the project as a strategic alternative to China’s Belt and Road Initiative that could slash transit times between India and Europe by more than half while reshaping regional economic cooperation.At a hearing of the House Foreign Affairs Subcommittee on the M…
Washington, July 24 (IANS) US President Donald Trump said that any future damages to ships, cargo or related property will be paid using Iranian funds held under US control.”Please let this statement serve to represent, until further notice, that from this point forth, any and all damages done to Ships, Cargo, or anything related thereto, will be paid for by Iranian Money that the United States has in its possession, and controls,” Trump said in a post on Truth Social.”These damages may be very …
Accra, July 23 (IANS) The Indian High Commission in Accra facilitated the repatriation of nine Indian seafarers who were stranded in Ghana for some time.”High Commission of India, Accra successfully facilitated the repatriation of nine Indian crew members of M/V Rahaf Moon, who had been stranded in Ghana for some time. With active support and close cooperation of the Ghana Maritime Authority (GMA), the Ghana Ports and Harbours Authority (GPHA), and the International Transport Workers Federation …
New Delhi, July 23 (IANS) InterGlobe Aviation — the parent company of IndiGo — on Thursday reported a consolidated net loss of Rs 238 crore for the first quarter of FY27, compared with a profit of Rs 2,176.3 crore in the corresponding period last year.Revenue from operations rose 19.9 per cent year-on-year to Rs 24,584 crore during the April-June quarter, up from Rs 20,496.3 crore a year earlier.However, the company posted a standalone net loss of Rs 382 crore for the quarter ended June 30.Tot…
New Delhi, July 23 (IANS) War-risk insurance premiums for vessels operating on Gulf shipping routes have risen sharply amid escalating geopolitical tensions in West Asia, according to a report released on Thursday.As per analysis of Equirus Raghnall Insurance Broking, war-risk premiums on high-risk shipping routes have increased by 200-300 per cent in recent months and, in some cases, by more than 1,000 per cent.Premiums for the riskiest voyages have reportedly climbed from around 0.2-0.5 per ce…
New Delhi, July 23 (IANS) Gurugram has crossed 100 million square feet of total office stock this year, retaining its position as the largest office market in North India, a report said on Thursday.The report from commercial real estate services CBRE said that Gurugram’s office stock will expand to approximately 120–125 million square feet by 2030, driven by a flight to quality, demand for sustainable assets and workplace designs focused on health and wellness.The 100 million milestone was c…
Manila, July 22 (IANS) US Secretary of State Marco Rubio and External Affairs Minister (EAM) S Jaishankar agreed on Wednesday to accelerate work on key defence agreements and conclude an interim bilateral trade deal that Washington said is “almost complete”, signalling fresh momentum in the strategic partnership between the two countries. The two leaders met in Manila on the sidelines of the ASEAN Foreign Ministers’ meetings, where they also reviewed developments in the Middle East and the Indo-…
Washington, July 22 (IANS) President Donald Trump has formally approved a landmark nuclear agreement with Saudi Arabia that could permit uranium enrichment inside the kingdom and generate tens of billions of dollars for American companies, The Wall Street Journal reported on Tuesday, citing US officials.The 30-year agreement would give Saudi Arabia access to a civilian nuclear programme. It is designed to place US companies at the centre of the kingdom’s emerging nuclear infrastructure while e…