Category: Business

$3,500 an ounce is a level that “would be healthy for the gold market, because it still would be a ridiculously high price”. (Reuters)
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Gold prices plunge below $4,000/ounce as US-China truce erodes saven-haven demand| Business News

Gold prices slid below $4,000 an ounce, extending losses from the worst rout in over a decade as progress on a US-China trade deal sapped…

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Ola Electric operates its own stores and service centres in India, in a departure from the industry norm of dealership model. (Tushar Deep Singh/HT)
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Ola Electric scales up Hyperservice to open source its spares, service business| Business News

Ola Electric Mobility Ltd. has scaled up its so-called Hyperservice initiative to open source its proprietary service infrastructure and technology, a move the company says…

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Amazon’s exporter base in India has grown by a third in year to about 2 lakh sellers, spanning 28 states and seven union territories. (AFP)
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Amazon targets India e-commerce exports of $80 billion by 2030 despite US tariffs| Business News

Amazon.com Inc. says its e-commerce exports from India has surpassed $20 billion, including nearly $7 billion this year, despite the punitive US tariffs on the…

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The finance ministry has been for the past couple of months discussing with the RBI the matter of raising the FDI limit for PSU banks. (Livemint)
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India plans to hike FDI limit for PSU banks to 49% amid flurry of M&A deals| Business News

India is planning to raise the FDI limit in public sector banks to up to 49% amid a flurry of M&A deals in the private…

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Vodafone Idea has a total debt of  ₹2 lakh crore, including AGR dues of  ₹83,000 crore. (Reuters)
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Vi says to ‘work closely’ with DoT to resolve AGR dues matter, after Supreme Court relief| Business News

Vodafone Idea Ltd. is looking forward to working with the Department of Telecommunications to resolve the AGR dues case, after a Supreme Court reprieve in…

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The JLR cyberattack cost the British economy an estimated £1.9 billion and affected more than 5,000 suppliers. (Bloomberg)
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Tata Motors PV in focus as UK credit agency warns against JLR loan guarantee| Business News

The UK government’s £1.5-billion loan guarantee to help Jaguar Land Rover after a major cyberattack falls outside the “normal underwriting criteria”, the Financial Times reported…

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TCS has a $1-billion contract with Marks & Spencer's. (Reuters)
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TCS refutes UK media report on losing $1-billion Marks & Spencer’s contract| Business News

Tata Consultancy Services Ltd. has denied a report published in The Telegraph UK that Marks & Spencer’s Plc has scrapped its contract with India’s largest…

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The government has a 49% stake in Vodafone Idea in lieu of some of the pending dues. (Reuters)
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Relief for Vodafone Idea as Supreme Court allows Centre to reconsider AGR dues| Business News

The Supreme Court has allowed the central government to reconsider the issue of reassessment of AGR dues that Vodafone Idea Ltd. has to pay. Shares…

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The gold and silver prices in India are essentially tracking global cues. (Representative image/Unsplash)
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MCX gold, silver prices fall—check city-wise rates| Business News

Gold prices in India fell today, after posting its biggest weekly drop since mid- August, as the progress on a US-China trade deal and a…

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A blistering bullion rally that propelled gold prices to a record high of $4,380 an ounce last week has since gone into reverse on signs the metal had become overbought. (Bloomberg)
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Gold prices extend drop as progress on US-China trade deal erodes safe-haven demand| Business News

Gold prices fell, after posting its first weekly drop since mid-August, as the progress on a US-China trade deal sapped safe-haven demand. A blistering bullion…

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