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The World Gold Council (WGC) stated in a latest update that the Gold prices will likely remain reactive to real interest rates in near term. Investors face a challenging environment during the second half of 2022, needing to navigate rising interest rates, high inflation and resurfacing geopolitical risks. In the near term, gold will likely remain reactive to real rates, driven by the speed at […]

The average of household spending in Japan was down 1.9 percent on month in May, the Ministry of Internal Affairs and Communications reported – coming in at 287,687 yen. On a yearly basis, household spending sank 0.5 percent – again shy of expectations for an increase of 2.1 percent following the 1.7 percent decline in the previous month. The average of monthly income per household […]

LME Aluminium inventories saw yet another sharp slide in last session, adding to recent declines. The daily stockpiles fell by 4950 tonnes to 353175 tonnes yesterday, marking another record low.Powered by Commodity Insights

The headline equity indices continued to trade in a narrow range with modest gains in the early afternoon trade. The Nifty was trading a tad above the 16,200 level. Metal stocks witnessed profit booking after gaining in the past three sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 244.69 points or 0.45% to 54,423.15. The Nifty 50 index added 68.45 […]

Business Wire India EIG, a leading institutional investor to the global energy and infrastructure sectors, today announced that it has distributed shares of Harbour Energy plc (HBR.L or the “Company”) held by Harbour North Sea Holdings Ltd. (“Harbour North Sea”) to EIG fund investors through a series of distributions. Following the merger of Premier Oil plc and Chrysaor Holdings Ltd., Harbour North Sea received 36.46% […]

According to employment companies, the telecom sector, which includes big operators Reliance Jio, Bharti Airtel, and Vodafone Idea, is offering salary increases of 10—12% on average for this fiscal year. This is a huge increase from the average increment of 7.5% last year.

On 23 July 2022

Mahindra & Mahindra raised Rs1,925 crores (USD 250 million) on Thursday from British International Investment for a new 4 Wheel Passenger Electric Car Co. that will be established by Mahindra & Mahindra Ltd. with a goal of investing over $1 billion in electric vehicle ambition.

COVID-19- lockdowns highlighted need for China plus one strategy for manufacturing amid supply chain disruption

PRICOL and BMS PowerSafe SAS will collaborate to determine the customer requirements and specifications in order to deploy end-to-end solutions.