BUSINESS
Survey Reveals 7 Out of 10 Indians View Gold as a Safe Asset
As per the Moneyview survey, "over 85 per cent of the 3,000 respondents consider gold a valuable asset for wealth preservation, with its intrinsic value and historical performance continuing to drive consumer confidence.".
India Set to Lead Emerging Markets and Solidify Global Economic Position by 2035, S&P Global
Emerging markets are going to be a very crucial factor in shaping the nature of the economy for the next ten years. According to the report, through 2035, the average growth of their GDP is slated to reach 4.06 per cent, compared with 1.59 per cent for advanced economies. Emerging markets are expected to generate 65 percent of the world's economic growth by 2035.
Gold's Share in India's Forex Reserves Rises Over 209% Since 2018
India's gold reserves stand at $65.76 billion as on October 4, compared to $21.15 billion as on December 7, 2018, according to the data made available by the Reserve Bank of India (RBI). Shaktikanta Das assumed the RBI office in December 2018.
Stock Market Begins on a Positive Note, Sensex Surpasses 81,700
At the opening of the day on BSE Sensex, it stands at 81,707.38 and recorded a gain of 206.02 points or 0.25 percent during the early trade. NSE Nifty, however, stood at 24,986 up by 14.70 points or 0.06 percent.
19 of Top 30 IPOs by Size Fail to Deliver Excess Returns, Report
Only two of the top 10 have generated returns greater than the CNX500.
Indian Market Trades Lower, Nestle and Infosys Among Top Losers
Though, the market trend was positive. During the day on the National Stock Exchange (NSE), as many as 687 stocks were trading in the green, while 555 stocks traded in the red.
Samsung Workers End 37-Day Strike at Sriperumbudur Factory After Reconciliation Talks
The Labour Department in a statement said: "Both parties have accepted this advice. The workers have informed that they will call off the strike immediately and return to work. Thus, the strike at the Samsung factory has come to an end, and all the workers are resuming work."
'Our Allies Have Taken Advantage of Us More Than Our Enemies', Donald Trump
"Our allies have taken advantage of us more than our enemies. Our allies are the European Union. We have a trade deficit of USD300 billion with the European Union," Trump told the Economic Club of Chicago in response to a question.
Record 2.25 Lakh Housing Units Sold in India Between Jan-Sep, Equity Investments Surge
H1 2024 saw robust performances in the sector, and the sector peaking around the festive season, we expect both sales and new launches of residential units to remain high, it added.
Room AC Sales Hit Record High of 12.5 Million Units in India, Report
Rating agency ICRA expects the volumes in the room AC market in the country to increase by 20-25% YoY.
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