BUSINESS
Gold, silver trade lower as US Hormuz blockade rattles markets
Mumbai- Gold and silver prices on Monday traded under pressure, with the precious metals witnessing a decline of up to 2 per cent after the US announced a blockade of the Strait of Hormuz. On the Multi Commodity Exchange (MCX), gold futures (June 5 contract) declined as much as 0.78 per cent or Rs 1,195…
HUDCO–NBCC Ink MoUs to Fast-Track Urban Redevelopment and Asset Monetization
New Delhi- Shri Sanjay Kulshrestha, Chairman & Managing Director, HUDCO, and Shri K.P. Mahadevaswamy, Chairman & Managing Director, NBCC (India) Limited, signed two Memoranda of Understanding (MoUs) for redevelopment of leasehold plot at August Kranti Bhawan, Bhikaji Cama Place, New Delhi and providing funds by HUDCO for ongoing and upcoming projects of NBCC’s self-sustainable model…
Gold slips 17 pc from record high despite war tensions
New Delhi- Even as geopolitical tensions intensify with the Middle East conflict entering its fifth week, gold prices in India remain nearly 17 per cent below their record peak. Gold prices ended the week on a positive note, but the broader trend reflects pressure on bullion. The COMEX gold price settled at $4,679.70 per ounce,…
Shri Rajesh Kumar Assumes Charge as Director (Finance) of REC Limited
New Delhi- on 2nd April 2026.On 25th March 2026, the Appointments Committee of the Cabinet (ACC) approved the proposal from the Ministry of Power for the appointment of Shri Rajesh Kumar as Director (Finance) at REC Limited for a period of five years.Rajesh Kumar is a seasoned finance professional who brings over 30 years of…
REC Limited Bags “ESG and Responsible Business Award” at Net Green Foundation Earth Awards 2026
New Delhi, March 30, 2026: REC Limited, a Maharatna CPSE and a leading NBFC under the Ministry of Power, Government of India, has been conferred with the prestigious “ESG and Responsible Business Award” at the Net Green Foundation Earth Awards 2026, held in New Delhi. The award recognises REC’s excellence in green energy finance and its…
Rising crude oil prices, Middle East tensions likely to drive Dalal Street next week
Mumbai- The Indian stock market ended the week on a weak note, extending its losing streak for the fifth straight week, as rising crude oil prices, a falling rupee and escalating tensions in the Middle East dampened investor sentiment. These global factors are now expected to remain the key triggers for market movement in the…
Sensex, Nifty open higher amid hopes of de-escalation in Middle East conflict
Mumbai- Domestic benchmark indices opened higher on Friday, rising over 1 per cent in early trade amid hopes of easing tensions in West Asia. Sensex opened at 74,559, up 352 points or 0.47 per cent, while Nifty started trading at 23,110, higher by 108 points or 0.47 per cent, according to exchange data. In early…
Gold, silver prices climb up to 3 pc as geopolitical tensions appear to ease
Mumbai- Gold and silver on Friday witnessed a substantial rise in prices, with both precious metals gaining 3 per cent amid hopes of easing tensions in West Asia. On the Multi Commodity Exchange (MCX), gold futures (April 2) touched an intra-day high of Rs 1,48,302 per 10 grams at around 10:45 am, up 2.30 per…
REC Limited Signs MoU with National Test House to Strengthen Quality Assurance under RDSS
New Delhi : REC Limited, a ‘Maharatna’ company under the Ministry of Power, Government of India and the National Test House (NTH), operating under the Department of Consumer Affairs, Government of India, signed a Memorandum of Understanding (MoU) on Wednesday at Krishi Bhavan, New Delhi, aimed at bolstering quality testing and assurance mechanisms for materials…
US waiver frees almost 20 million barrels of Russian oil for sale
New Delhi- The US waiver for buying seaborne Russian crude has immediately freed another 20-odd million barrels of oil on board ships which is expected to cool runaway prices that have crossed the $100 per barrel mark in the global market amid the Iran war. There are currently around 25 ships carrying Russian crude at…