BUSINESS
India's Gold Investments Jump 60% to Rs 1.5 Lakh Crore in 2024: Report
According to a World Gold Council report, this added that investment demand in gold was at its highest level since 2013, at 239 tonnes, and was a 29% increase from 185 tonnes recorded in 2023.
India’s Services Sector Sees Strong Growth in January, Hiring Surges: HSBC
Several services companies linked output growth to favorable demand conditions, new business wins, and investment in technology. However, a few firms suggested that activity levels at their units were constrained by a fall in customer numbers, the survey states.
Gold Reaches All-Time High of ₹8,432 per Gram Amid Geopolitical Uncertainties
According to experts, gold prices reached a record high because it is driven by safe-haven demand following China's reaction to US tariffs, which President Donald Trump had first imposed on the world's largest consumer of gold.
Indian Stock Market Trades Flat Ahead of RBI MPC Meeting
At around 9.31 am, Sensex was trading at around 78,595.81, up marginally, while the Nifty was at 23,769.80, up almost 30 points or 0.13 per cent.
GST Council to Decide on Rates and Slabs Soon, Says FM Sitharaman
Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at the highest bracket of 28 per cent, while packed food and essential items are in the lowest 5 per cent slab.
India's Services Sector Growth Slows to Lowest in Over 2 Years in January: PMI
Asia's third-largest economy has been struggling with slackening consumption. To try and boost spending the government gave some tax relief to the middle class at its annual budget on Feb. 1 but shied away from announcing big reforms which are much needed to prop up growth.
Indian Stock Market Opens Higher as US Postpones Tariff Hikes on Canada and Mexico
The Sensex surged over 443 points or 0.58 per cent to 77,630.71 at 9.32 a.m., and the Nifty rose 130.25 points or 0.56 per cent to 23,491.30.
After Mexico, Canada Secures Delay in Trump's Tariff Hikes
Mexico won itself a similar reprieve earlier with the commitment of 10,000 troops to its border with the US.
Trump Postpones Mexico Tariff Hike by a Month, Hints at Possible Deal
"I just spoke with President Claudia Sheinbaum of Mexico," the former president wrote on Truth Social, moments after the Mexican leader had announced the delay in a post on X.
India’s Coal Production Sees 6% Growth, Surpassing 830 Million Tonnes
Total coal production till January 2025 is about 104.43 MT which reflects an increment of 4.38% from the one recorded in 100.05 MT corresponding period of last year.
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