Bank holiday on October 26 NEW DELHI: India’s festive calendar continues to bring a series of holidays in October, making it important for bank customers to check the schedule before heading to a branch. On Monday, October 26, banks will remain closed in selected states for Laxmi Puja, Accession Day and Maharishi Valmiki’s birthday.While bank…
Silver prices rose 0.2% to $54 per ounce, bucking the marginal decline in gold as investors assessed the outlook for US interest rates ahead of the Federal Reserve’s policy meeting this week. Among other precious metals, platinum fell 0.1% to $1,549.42 per ounce, while palladium gained 0.4% to $1,047.90. Source link
NEW DELHI: Gold and silver are expected to face fresh headwinds this week as surging crude oil prices revive inflation concerns, while US Federal Reserve’s policy decision could determine whether bullion rates stabilise or extend their downward trend, analysts said.The precious metals, already battered by elevated bond yields and a stronger dollar, will look to…
Crude prcies fall from six month-highs, but trade beyond $100 per barrel Oil prices fell over 1% on Monday after surging to near six-month highs late last week. Despite the decline, prices remained elevated, with Brent crude hovering near $115 per barrel as continued attacks on Saudi Arabia kept concerns over global oil supplies alive.The…
File photo: AI companies are using Indian data centres to serve customers BENGALURU: Global AI companies are using Indian data centres to serve customers overseas, not just local users, as delays in securing power and capacity elsewhere push them to spread their computing infrastructure across countries, operators told TOI.“We are already hosting some customers and…
Govt has energy and fertiliser stocks ready, but higher oil and freight costs will strain the rupee, deficits and foreign investment. NEW DELHI: As war clouds gather over West Asia once again, govt seems better prepared with energy and fertiliser stocks, but higher oil prices will hurt the currency and deficit levels, apart from foreign…
File photo: RBI Governor Sanjay Malhotra MUMBAI: Information technology has become a core function of RBI, with secure, sovereign data centres and cybersecurity capabilities increasingly critical to the resilience of the financial system as AI transforms technology, governor Sanjay Malhotra said.In an interview with Doordarshan following the inauguration of RBI’s new data centre and Cybersecurity…
RBI study finds banks pass on repo hikes more fully than cuts, transmitting 76.4% during tightening versus 64% during easing. MUMBAI: A study by RBI has found that interest rates adjust upward more completely during a tightening phase than they do downward during an easing phase.According to the study, published in RBI Bulletin, banks passed…
NEW DELHI: Five companies are set to launch their initial public offerings (IPOs) next week, seeking to raise close to Rs 2,600 crore from the primary market.The upcoming issues include EAAA India Alternatives, SFC Environmental Technologies, M K Sons Fine Jewels, BLS Polymers and Bombay Coated and Special Steels, with subscription windows opening between October…
Market capitalisation of eight of the top-10 firms erodes by Rs 1.55 lakh crore NEW DELHI: The combined market valuation of eight of India’s top 10 most valuable companies declined by Rs 1.55 lakh crore last week, with HDFC Bank and Bajaj Finance emerging as the biggest losers. Tata Consultancy Services (TCS) and Larsen &…
