Mumbai, April 2 (IANS) Gold and silver prices on Thursday fell up to 5.6 per cent after US President Donald Trump’s prime-time address on the Middle East conflict failed to deliver fresh signals of an imminent resolution, disappointing bullion bulls who hoped for a ceasefire announcement.On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 2.31 per cent, or Rs 3,563, to hit an intraday low of Rs 1,50,145 till 10:30 am. On the intraday high, the yellow metal traded 0.79 pe…
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Mumbai, April 2 (IANS) Indian stock markets opened sharply lower on Thursday, with key equity benchmarks declining more than 1 per cent amid fresh escalation in the West Asia conflict.Sensex opened at 72,262, down 872 points or 1.19 per cent, while the Nifty fell 1.31 per cent or around 300 points to open at 22,383.40. Both the indices fell further as trading progressed in early hours.All sectors opened in the red, with banking, realty, chemicals, auto, metal, and healthcare among the top losers…
Mumbai, March 31 (IANS) Domestic stock exchanges BSE and NSE will remain closed on Tuesday on account of Shri Mahavir Jayanti.In addition, the bourses will have 11 more days of official holidays this year, except Saturdays and Sundays.In commodities, the Multi Commodity Exchange of India (MCX) will remain closed during the morning session — 9 am to 5 pm — on Tuesday due to the festival.However, trading will resume in the evening session from 5 pm to 11:30 pm, according to the exchange. Meanwhi…
New Delhi, March 28 (IANS) BJD MP Sasmit Patra on Saturday said that the recent reduction in excise duty on petrol and diesel could result in a revenue loss of Rs 3-4 lakh crore for the Government of India, while also warning of broader economic challenges stemming from the ongoing West Asia conflict. Speaking to IANS, Patra said, “The conflict in West Asia naturally has a global impact, including on India. The excise duty cut will cost the Government of India a loss of around Rs 3–4 lakh cr…
New Delhi, March 27 (IANS) Union Home Minister Amit Shah on Friday said that amid global fuel shortages triggered by the West Asia crisis, which have pushed prices higher worldwide, the Modi government’s decision to cut excise duty on fuel offers much-needed relief to citizens. Taking to social media platform X, Amit Shah said, “As the world is reeling under fuel shortages amid the West Asia crisis, driving up prices globally, the Modi government’s decision to cut excise duty on fuel brings …
New Delhi, March 27 (IANS) The Congress party on Friday said that the excise duty cut on petrol and diesel offers no real relief to the common people and accused the government of fooling people with headlines suggesting a price reduction. The party stated that if people saw reports about petrol and diesel prices “coming down” and assumed it would ease their expenses, they would be mistaken, as prices remain unchanged for both dealers and consumers.Congress leader Pawan Khera took to social …
New Delhi, March 27 (IANS) The government on Friday slashed excise duties on petrol and diesel by Rs 10 per litre each, bringing them down to Rs 3 per litre for petrol and zero for diesel, in a move aimed at cushioning the impact of surging global oil prices.The government has also provided exemptions on duties for fuel exports and supplies to foreign-going aircraft.Separately, the Centre has rescinded an earlier 2022 notification and granted customs duty relief on imported aviation turbine fuel…