economic times

Gold price prediction today: Gold prices remain range-bound, influenced by US economic data, US-China trade relations, and US-Russia talks. Spot gold closed up 1.1% at $3397, but later declined to $3,345 amid a stronger dollar and uncertainty over trade. Investors should watch for support levels at $3,310 and $3,292, with resistance at $3,375 and $3,410.

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Tuesday. While Nifty50 was below 24,600, BSE Sensex was near 80,500.

Stock market recommendations: Mirae Asset Sharekhan suggests selling Hindustan Zinc, citing a break of a flag pattern and downward trendline, targeting Rs 390. Conversely, L&T is a buy recommendation, as it broke a consolidation and resumed its uptrend, with a target of Rs 3800.

President Trump has extended the trade truce with China for 90 days, delaying tariff escalations and export controls. This extension aims to provide more time for Washington and Beijing to resolve trade disputes and potentially arrange a summit between Trump and Xi Jinping later this year. While negotiations continue, analysts remain cautious about the prospects […]

The Adani Group, through its joint venture Horizon Aero Solutions, is set to acquire Indamer Technics (ITPL), a leading private-sector MRO provider. This acquisition, located in Nagpur's MIHAN SEZ, aims to establish India as a premier global MRO destination. With Indian carriers planning to induct over 1,500 aircraft, Adani seeks to create a comprehensive aviation […]

Indian investors showcased unwavering confidence in July, doubling down on mutual fund investments, primarily through equity schemes. Gross SIP flows soared past ₹28,000 crore, while monthly equity flows exceeded ₹42,000 crore. The industry's total assets under management reached a record ₹75.4 lakh crore, despite a strong dollar and foreign fund outflows.

William Grant & Sons hails the India-UK trade agreement as a landmark achievement, anticipating the introduction of higher-end whisky editions and boosted sales of premium spirits. Sachin Mehta notes the duty reduction on scotch from 150% to 40% over a decade will build confidence and encourage expansion, ultimately benefiting consumers with better products.

The Indian Hotels Company (IHCL) is expanding its presence in India's growing hospitality market by acquiring a controlling stake in Clarks, adding 135 properties to its portfolio. This strategic move, costing Rs 204 crore, includes acquiring 51% each in ANK Hotels and Pride Hospitality. IHCL has also partnered with Brij Hospitality to enhance its midscale […]

LIC's new MD & CEO, R Doraiswamy, outlines strategies to maintain market leadership amid evolving financial landscapes. The insurer is balancing par and non-par products, adapting to regulatory changes, and strategically evaluating opportunities in the health sector. While government stake dilutions are anticipated, LIC aims for sustainable growth and profitability, focusing on long-term value creation.

The Lok Sabha has approved the Income Tax Bill 2025, a significant reform designed to simplify the tax system for individuals and companies. This revised bill incorporates recommendations from a parliamentary select committee, addressing ambiguities and easing compliance burdens.

Donald Trump declared that gold imports would not face additional tariffs, resolving market uncertainty triggered by a US Customs letter. The letter had suggested duties on standard gold bars, sparking concerns about disrupting global supply chains and causing a surge in gold prices.

Norway's sovereign wealth fund, the world's largest, is divesting from 11 Israeli companies due to the worsening humanitarian crisis in Gaza. The decision, prompted by increased scrutiny and government review, follows reports of investments in companies linked to the conflict, including a manufacturer of fighter jet parts.

Mutual fund inflows soared to record highs in July, propelled by robust equity scheme investments, which surged 81% to ₹42,702 crore. Debt funds rebounded strongly with ₹1.06 lakh crore inflows, while sectoral and thematic schemes led equity gains. Overall industry AUM grew to ₹75.10 lakh crore, fueled by new fund offers and consistent SIP inflows, […]

Gold prices in India have soared to record highs, surpassing Rs 1.02 lakh, fueled by US tariff policies and global economic uncertainties. Experts attribute this surge to concerns over the US dollar's stability, rising inflation risks, and escalating geopolitical tensions. Central banks are increasingly diversifying into gold as a hedge against these systemic risks, further […]

Real Estate Investment Trusts (REITs) offer an accessible avenue for Indians to invest in income-generating properties without direct ownership. Modelled on mutual funds, REITs pool investor money into residential or commercial properties, distributing proceeds as dividends. Listed on stock exchanges and regulated by SEBI, REITs provide liquidity and diversification.

India has banned jute product imports from Bangladesh via land routes, now only permitted through Nhava Sheva seaport, escalating trade tensions. This action, detailed by the DGFT, impacts jute fabrics, ropes, and sacks. Previous restrictions targeted garments and processed foods. These measures follow strained relations, including concerns over minority attacks and remarks by Bangladesh's interim […]

China South City, a major Chinese construction firm, faces liquidation following a Hong Kong High Court order, mirroring the Evergrande situation and highlighting the ongoing property sector crisis. Despite restructuring attempts and keepwell deeds from Shenzhen SEZ, the court deemed progress insufficient.