Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), a nodal trade body sponsored by the commerce ministry, is pursuing banks to adopt its online know your-customer databank of 2,500 exporters as a means to mitigate risk and improve lenders’ perception of the trade rocked by the Rs 13,600-crore Nirav Modi-Mehul Choksi PNB scam. The matter […]

Indias fuel product consumption or sales improved 3.8% to 17.42 mt in February 2019 over a year ago. LPG sales increased 14.2% to 2.22 mt, naphtha 25.3% to 1.29 mt, diesel 2.7% to 6.72 mt and petrol 8.0% to 2.26 mt. The consumption of other products also moved up 10.8% to 0.84 mt, ATF 10.6% […]

COMEX Gold futures edged up further today after breaking above $ 1300 per ounce as the sentiments remained supported ahead of the US Federal Reserve’s monetary policy meet outcome tomorrow. The US dollar has been under stress recently and the dollar index fell to a three week low of 95.70 today. There is some speculation […]

NEW DELHI: Gold prices climbed in futures trade on Tuesday after the spot market demand by local jewellers picked up, while favourable trend in overseas markets gave further support. In the global markets, gold rose as the US dollar traded near its two-week low on expectations that the US Fed will maintain a dovish tone […]

Germanys investor confidence jumped sharply in March, reversing a steep fall in the previous month, to its highest level in a year, preliminary data from the ZEW – Leibniz Centre for European Economic Research showed on Tuesday. The ZEW Indicator of Economic Sentiment for Germany rose to -3.6 from -13.4 in February. The current situation […]

Indias fuel product consumption or sales improved 3.8% to 17.42 mt in February 2019 over a year ago. LPG sales increased 14.2% to 2.22 mt, naphtha 25.3% to 1.29 mt, diesel 2.7% to 6.72 mt and petrol 8.0% to 2.26 mt. The consumption of other products also moved up 10.8% to 0.84 mt, ATF 10.6% […]

New Delhi: Gold prices bounced back by Rs 140 to Rs 32,970 per 10 gram at the bullion market Tuesday on the back of positive global trend and fresh buying by local jewellers, according to All India Sarafa Association. Silver followed suit and recovered by Rs 235 to Rs 38,960 per kg due to increased […]

COMEX Copper futures soared further today, extending the recent uptrend to hit a one week high. Equities are holding up and the metal traders are focusing on media reports that China will cut value-added tax for manufacturing and other sectors from next month. COMEX Copper futures are currently trading at $ 2.94 per ounce, up […]

UK unemployment rate fell below 4% for the first time since 1975, according to official figures. The Office for National Statistics said the jobless rate was 3.9% in the three months to January, down from 4% at the end of 2018. The wages excluding bonuses rose by 3.4%, unchanged on the previous month. Unemployment fell […]

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