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Gold's next test: Fed verdict, crude oil and geopolitical tensions in focus
Gold and silver prices are set for a week driven by major events. The US Federal Reserve's interest rate decision will be a key factor. Geopolitical tensions involving Iran and crude oil price movements also impact markets. Investors will monitor US economic data and central bank announcements globally. Bullion is expected to remain range-bound as traders watch these developments. -
'Don't make them run from pillar to post': FM Sitharaman asks income tax dept to work for common people
Finance Minister Nirmala Sitharaman urged income tax officials to simplify citizen access to government services. She emphasized that citizens should not face undue difficulties when seeking departmental assistance. The minister also criticized the laidback approach leading to government land encroachments. She promised to address the housing needs of income tax officers in Mumbai. Sitharaman stressed the importance of honesty and integrity in tax administration. -
India’s first hydrogen-powered train saves 3,200 litres of diesel; Delhi route tests next
India's first hydrogen train has traveled over 1,200 kilometers during trial operations. This indigenous project has already saved over 3,200 liters of diesel fuel. The train generates electricity using hydrogen fuel cells, releasing only water vapor. Dedicated hydrogen storage and refuelling facilities have been established at Jind. Further trial runs are planned for the Delhi route to support zero-emission rail transport. -
IPO rush ahead: Zepto, Shiprocket and 12 more firms to hit primary market; eye Rs 25,000 crore-plus fundraising
India's IPO market is preparing for a busy month with many companies planning public offerings. Over a dozen firms are expected to launch initial public offerings, raising over Rs 25,000 crore. These upcoming issues span diverse sectors like quick commerce, housing finance, and education infrastructure. This activity follows sustained momentum in the primary market throughout the current year. Market participants anticipate robust fundraising as companies leverage improving investor sentiment. -
Market recap: Top-10 firms shed Rs 2.74 lakh crore in value; HDFC Bank takes biggest hit
Indian stock markets experienced a significant downturn last week. Nine of the ten most-valued companies saw their market worth decline. HDFC Bank faced the largest valuation drop, while Hindustan Unilever gained value. Benchmark indices like the BSE Sensex and NSE Nifty also registered losses. This market pressure was attributed to rising crude oil prices and geopolitical concerns. -
Stock market outlook: Fed policy, crude oil prices and Q1 earnings to drive trade
Markets anticipate another volatile week as investors track Middle East developments and oil prices. The US Federal Reserve's policy meeting outcome will also significantly influence investor sentiment. Domestic economic signals will emerge from the release of June Industrial Production data. A busy earnings season featuring heavyweight companies is expected to drive stock-specific movements. Investors will closely scrutinize the Federal Reserve's assessment of inflation and growth. -
Tariffs on trial: Small businesses take Trump's latest trade levies back to court
Two groups of small businesses are challenging Donald Trump's latest tariffs in court. These new levies target goods from sixty trading partners and cover nearly all US imports. Businesses argue the administration failed to justify these measures against individual economies. They contend the tariffs replace previous worldwide duties struck down by the Supreme Court. Legal experts believe these new tariffs will likely remain in place for an extended period.
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