Gold headed for a weekly advance as US equities fell after Meta Platforms, Inc. suffered a historic share-price rout, while investors awaited a key jobs report for more clues on the US Federal Reserve’s (Fed’s) monetary policy path. The Facebook parent plunged 26 percent on Thursday on the back of woeful earnings results,
Read MoreSavings and investment management platform Jar has raised $32 million in a Series A funding round led by Tiger Global, the company has said. The round also saw participation from Rocketship. vc, Third Prime, Stonks, Force Ventures and existing investors including Arkam Ventures and WEH Ventures, the company
Read MoreOil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 17 cents, or 0.2%, to $89.30 a barrel by 0420 GMT, after rising 31 cents on Wednesday.
Read MoreFinance Minister Nirmala Sitharaman announced that spectrum would be auctioned in 2022 to facilitate the rollout of 5G mobile services by private telecom operators. Despite this, the telecom sector is projected to contribute almost 27 per cent less in revenues to the government during FY’23 year-on-year. This, coupled
Read MoreFinance Minister Nirmala Sitharaman in her Union Budget Speech for the upcoming fiscal year has announced that Kisan drones will be used to drive a wave of technology in the Agriculture and Farming Sector. These drones will be used for crop assessments, land records and spraying of insecticides.
Read MoreOil rose 1% on Monday, hovering near 7-year highs hit in the previous session, amid concerns over tight supply as well as geopolitical tensions in Eastern Europe and the Middle East. Brent crude rose 92 cents, or 1.0%, to $90.95 a barrel at 0051 GMT, after adding 69
Read MoreThe finance ministry on January 28 granted additional borrowing permission of Rs 7,309 crore to two states for undertaking stipulated power sector reforms. Rajasthan and Andhra Pradesh have been allowed to borrow additional Rs 5,186 crore and Rs 2,123 crore, respectively. “Department of Expenditure has granted additional borrowing
Read MoreThe Tata Group on Thursday regained ownership of Air India, 69 years after the airline was nationalised. The salt-to-software conglomerate promised to turn the loss-making carrier into a world-class airline. The handover has come as a culmination of the government’s attempt to transfer the ownership of the loss-making airline to
Read MoreThe Life Insurance Corporation of India (LIC) has exited its entire investment in Air India’s (AI’s) debt instruments before the airline is handed over to Tata Group on Thursday, as part of the government’s privatisation programme. According to a banking source, the government-owned insurer sold its holding of Rs 3,800
Read MorePrime Minister Narendra Modi will interact with BJP workers from across the country via NaMo app today. The interaction comes in the run-up to the assembly polls in five states, including Uttar Pradesh, with the Election Commission not allowing physical rallies by political parties due to the COVID-19
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