Jewellers remain hopeful that the moderation in demand will prove temporary as the festive calendar progresses. A huge rise in gold prices from the same time last year has led to a drop in gold sales this Ganesh Chaturthi. Gold sales have declined by around 15% year-on-year in volume terms, with consumers either reducing the…
The discovery was made on September 18 at the MN-DW18-1-H-D well in the Mahanadi Offshore Basin. In a big breakthrough, Oil and Natural Gas Corp (ONGC) has discovered gas in a deepwater well off India’s eastern coast. The find is located close enough to Odisha and may potentially enable quicker development if further appraisal establishes…
The high court described the prosecution as “misconceived and misdirected”. (Image for representative purpose only) A man working in his wife’s shop faced a thirteen year criminal case for the sale of a cold drink above the maximum retail price. The Bombay High Court has now brought an end to a criminal case that had…
Indian benchmark indices ended the previous session in green, with Nifty 50 rising 67.90 points, or 0.29%, to 23,414.30, while BSE Sensex gained 564.03 points, or 0.76%, to close at 74,858.99. Easing crude oil prices, lower bond yields and hopes of diplomatic engagement supported investor sentiment. Geojit Investments’ head of research Vinod Nair said that…
Oil prices remain above $100 per barrel Oil prices climbed back above the $100-a-barrel mark as tensions in the Middle East continued to intensify, keeping markets on edge. Brent crude rose 0.51% to $100.80 a barrel, while US West Texas Intermediate (WTI) gained 0.43% to $92.77, on Tuesday.The rise, however, was limited as traders weighed…
Starbucks plans Chennai GCC with 800 new jobs CHENNAI: US-based coffee chain Starbucks will set up a global capability centre (GCC) in Chennai. It will likely create 800 high-value jobs in the first phase.The new centre will add to Chennai’s growing GCC ecosystem, with companies using the city to build technology, business and other global…
JP Morgan chairman & CEO Jamie Dimon MUMBAI: JP Morgan is the world’s most valuable bank, and its chairman and CEO Jamie Dimon is the longest serving chief of a large global bank. In an interview with TOI, Dimon speaks of what it takes to run America’s largest bank and his definition of success.You completed…
The cash deposits prompted the department to examine whether the senior citizen had any income that had not been disclosed. (Image for representative purpose only) A retired school teacher from Mysore, Karnataka, found himself facing income tax reassessment proceedings after cash deposits totalling Rs 1.33 crore in his bank accounts were flagged under the Central…
The sharp increase in presidential trading has renewed concerns about possible conflicts of interest. (AP file photo) Did you know that US President Donald Trump has carried out more securities trades than all members of Congress combined since his return to the White House in January 2025? Interestingly, he supports legislation that would prohibit lawmakers…
NSE IPO closes strong after decade-long wait for stock market listing (representative image) The $2.3 billion initial public offering of the National Stock Exchange of India (NSE) was subscribed 5.7 times by the end of the final day of bidding on Monday, as investors placed bids for more than five times the shares on offer.The…
