MUMBAI: Gold jewellery has not lost its sheen but it may be going out of reach for average Indians as high prices of the yellow metal are pushing people to spend less on new pieces and only stick to essentials. While sales volumes or the amount of gold sold are dropping, sales value, driven by…
Will lead a central bank oriented toward reform, says new chair WASHINGTON: Kevin Warsh was sworn in as chair of the US Federal Reserve on Friday at a pivotal moment for an American economy where surging gasoline prices due to the Iran war are pushing up inflation and eroding consumer sentiment, potent ingredients for a…
NEW DELHI: Gross foreign direct investment (FDI) grew 16.7%, its fastest pace of expansion in six years, to a record $94.5 billion in 2025-26, helping reverse the four-year falling trend of net FDI.Net FDI was estimated at $7.7 billion during the last financial year, compared with under $1 billion in the previous year. After excluding…
MUMBAI: Domestic economic activity exhibited resilience in April, with industrial and services sectors maintaining strength across several segments, even as global uncertainties and geopolitical tensions continued to cast a shadow, RBI said in its latest State of the Economy article.At the same time, the central bank struck a note of caution, stating that “India’s near-term…
Royal Challengers Bengaluru lost to Sunrisers Hyderabad by 55 runs on Friday but Rajat Patidar’s side secured top of points table en route to IPL playoffs.In a high-scoring contest in which SRH scored 255/4 in the first half, RCB responded with 200 for four in 20 overs. Skipper Rajat Patidar hit 56 off 39 balls…
Royal Challengers Bengaluru’s Rajat Patidar (ANI Photo) Rajat Patidar added another major milestone to his growing IPL reputation after surpassing former Royal Challengers Bengaluru icon Chris Gayle in the list of fastest batters to complete 100 IPL sixes. The RCB captain reached the landmark in just 933 deliveries, going past Gayle’s tally of 943 balls…
Italy’s Jannik Sinner speaks to reporters (AP Photo) Paris: Top tennis players walked the talk on Media Day at the French Open.The Friday before is bookmarked for pre-championship press conferences, broadcaster engagement and tournament obligations. At Roland Garros, where TV rights are split by territory, top seeds Aryna Sabalenka and Jannik Sinner, along with several…
India’s gold demand is likely to decline by 50-60 tonnes in calendar year 2026, or about 10 per cent lower than the previous year, following the recent increase in import duty, according to the World Gold Council (WGC), PTI reported. In its India gold market update, WGC said: “Looking at 2026 as a whole, we…
Bhuvneshwar Kumar found himself on the wrong side of IPL history on Friday after enduring a nightmare outing against Sunrisers Hyderabad in Hyderabad. The experienced Royal Challengers Bengaluru pacer conceded 50-plus runs in an IPL innings for the ninth time in his career, equalling an unwanted all-time record held by Mohammed Shami. Despite being one…
State Bank of India (SBI) branches will function normally on May 25 and 26 after the proposed two-day nationwide strike by employees was deferred following discussions between bank management and union representatives, PTI reported.SBI, in a customer advisory, said the proposed strike by the All India State Bank of India Staff Federation (AISBISF) had been…