Gold price climbs to new peak as US-China trade tension fuels safe-haven demand. Will this rally sustain till Diwali?

Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures, believes that the bullion is likely to witness further volatility ahead of festive season.   Gold price continues to see bull run on Tuesday driven by rising concerns over US tariffs and expectations of additional rate cuts by the…

Sensex rallies 907 pts in 2 days, Nifty tops 25,300 ahead of Fed outcome; what to expect?

At the closing bell, the Sensex advanced 313.02 points, or 0.38 per cent, to 82,693.71, extending its two-day winning run by 907 points. State Bank of India (SBI) emerged as the top gainer on the Sensex, climbing 2.91 per cent to Rs 856.00. Bharat Electronics (BEL) advanced 2.41 per cent. Domestic equity benchmarks extended their…

India energy giants back nuclear power to boost clean electricity output

Atomic  power is witnessing a revival globally due to its ability to deliver low-emissions energy “Nuclear can’t just be a fashion statement,” Praveer Sinha, chief executive officer at Tata Power Co., said at the BNEF Summit in New Delhi. “It needs to replace coal-based power as a source of affordable power.” India’s top energy firms…

Trump warns Apple of 25% tariff on iPhones made in India or anyplace else; stock drops 2%

While the majority of Apple’s flagship phone production currently takes place in China, the company has begun to shift manufacturing operations to India.   President Donald Trump on Friday announced that Apple will be subject to a tariff of 25% or more for iPhones manufactured outside of the United States. In a statement on social…