The demand for gold is expected to take a hit if the price of the yellow metal - which has been hovering around Rs 60,000, a level never seen before - remains elevated. Due to a sharp increase in price in a very short time and the flow of smuggled gold continuing, gold price in Mumbai is quoted at around Rs 59,000 per 10 gram. Typically, overall demand in the January-March and July-September quarters is moderate-to-dull, which is the case in the ongoing period.
Prime Minister Narendra Modi will interact with chief ministers on the emerging Covid-19 situation in the country on Wednesday through video conferencing, an official said.
The drive begins just days ahead of the Char Dham Yatra in the state.
Akshaya Badrinarayanan from Mumbai shares her special recipe.
Vodafone Idea (Vi) is in continuous talks with network vendors to finalise its 5G rollout plans, Vodafone Idea CEO Akshaya Moondra said. "We are in early stages of 5G deployment. "5G is an important development and we are keeping our eyes on it," Moondra said on Wednesday in a post-result analyst call. Already five months behind rivals Jio and Airtel in the 5G race, Vi's efforts will be on the deployment of 5G in target geographies.
"All these festivals are festivals of restraint, purity, charity and harmony. Advance greetings to all of you on the occasion of these festivals. Celebrate these festivals with great gaiety and harmony," Modi said.
Maharashtra Navnirman Sena chief Raj Thackeray on Tuesday held a meeting of his party leaders from Mumbai, Thane, Nashik and other divisions regarding his visit to Ayodhya in June.
With COVID protocols lifted, Bollywood is back to celebrating festivals the only way they know!
The move comes days after Chief Minister Yogi Adityanath's directive for restricting the volume of loudspeakers at religious places in order to avoid trouble to people living nearby.
Modi stressed his government has created a 'security cover' to ensure good heath of children and mothers during the past 55 month of his rule.
Vodafone Idea's (Vi's) search for a lifeline has turned longer and tougher even as it continues to lose customers and delay vendor payments. Vi's much-needed Rs 1,600-crore fundraising plan got stuck due to the government's silence on picking up a proposed 33 per cent equity in the financially stressed telco. The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion, including hefty dues to the government.
Dominic Xavier offers his take on Raj Thackeray's latest political ploy and wonders if this Thackeray versus Thackeray skit will help the BJP finally achieve its goal of ejecting the Maha Vikas Aghadi government from a state that has largely been insulated from the communal disharmony sweeping across parts of north India.
These are golden lessons learned from our elders over the years, says Sumit Rajwade.
'Mumbai's corroding infrastructure, Delhi's pollution, Bangalore's rain water drainage, Kolkata's electricity -- these are all real and serious life threatening situations.'
AkshayaPatra's vision is that no child shall be deprived of education because of hunger. It's hard to imagine isn't it? But that is what Akshaya Patra is trying to achieve.
The third (Tritiya) day of the Hindu calendar's Vaishaka month which falls in late April or early May every year is called Akshaya Tritiya.
Gold jewellery demand in India is likely to decline in the second and third quarters of this fiscal due to hike in import duty, high volatility in prices and inflationary pressure, according to a report. While demand is likely to contract by 8 per cent year-on-year in the second quarter of FY23, the decline is expected to be higher at 15 per cent in the third quarter due to the exceptionally high base in the same period of FY22, Icra said in a report. According to the report, the exceptional third quarter performance in FY22 was due to the post-Covid reopening of the economy and the substantially high demand in the wedding and festive seasons.
With Eid festival and Akshaya Tritiya likely to fall on the same day next month and many other festivals lined up in the coming days, Adityanath said the police needs to be extra cautious.
With the Indian teams doing well so far, they can run into one another in the competition.
Uttar Pradesh Chief Minister Yogi Adityanath on Monday cancelled the leaves of all police and administrative officials in the state till May 4 and asked all those on leave to report within 24 hours.
If you want to celebrate the festival, buy only a little as token.
Verification of 733 persons under the four categories of bedridden, mentally challenged, physically handicapped and those suffering from cancer has been completed, Kasaragod collector said.
Gold is usually seen as a safe-haven when stocks are falling or when inflation is rising. With prices of the yellow metal hovering near record highs, people are also putting off their jewellery purchases. Along with a subdued marriage season, the orders with price open and settled on delivery day, too, are getting cancelled. Apart from high, volatile prices, there is no gold rush yet for the safe-haven asset, crimping demand.
Bhubaneswar-based Akshaya Rautaray and Satabdi Mishra are on a mission to promote reading.
Mumbai-based animal communicator Akshaya Kawle shares some exciting stories and learnings from her professional journey.
Mumbai-based animal communicator Akshaya Kawle shares some exciting stories and learnings from her professional journey.
R Praggnanandhaa emerged as unconquered king in the World Youth Chess Championship, in Mumbai, claiming the gold in the Under-18 Open category on Saturday.
PepsiCo Chairman and Chief Executive Officer Indra K Nooyi, who hardly takes time off for social events, could not resist helping the latest fundraiser by Akshaya Patra, a non-profit organisation providing hot, nutritious mid day meal for 1.2 underprivileged children in India.
The process of opening the doors of Kedar Dham began at 3 am. Shiva Shankar Linga, the chief priest of the shrine, carried out the tradition of opening the doors. The first 'pooja' was performed in the name of the Prime Minister Narendra Modi, said a statement.
During the daily media briefing, Lav Agarwal, Joint Secretary, Union Health and Family Welfare Ministry, said that 16 districts in the country, which earlier had cases, have not reported any fresh cases for the last 28 days.
The white metal had hit a record level of Rs 74,300 on April 25.
A team of 50 people led by celebrity chef Sanjeev Kapoor and NGO Akshaya Patra supervised the night-long preparations and yoga guru Ramdev put crowning tadka in the dish at the World India Food event that will conclude on Sunday.
The Bombay Stock Exchange on Thursday said it will keep a special window open for trading in gold ETFs (exchange traded funds) on 'Akshaya Tritiya' day on May 16.
The government has sold SGBs worth Rs 1,990 crore in April and May alone.
India's gold demand increased by 19.2 per cent to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide lockdown that hit economic activity last year, the World Gold Council (WGC) said in a report. The overall gold demand during the second quarter of 2020 calendar year stood at 63.8 tonnes, according to the WGC's 'Gold Demand Trends Q2 2021' report. In value terms, India's gold demand witnessed 23 per cent growth during April-June quarter at Rs 32,810 crore, compared to Rs 26,600 crore during the corresponding period of 2020.
'If we chose to do the right things, it is possible to avoid job losses at a mass scale,' ABB MD Sanjeev Sharma tells Raghu Krishnan.
India's gold demand recovered during the January-March period to witness a growth of 37 per cent at 140 tonne compared to the same quarter of 2020, due to ease of COVID-related restrictions, pent up demand and softening of prices of the yellow metal, according to the World Gold Council (WGC). The overall gold demand stood at 102 tonne during the first quarter of 2020, as per WGC data. Gold demand in value terms increased by 57 per cent during the first quarter of this calendar year to Rs 58,800 crore compared to Rs 37,580 crore in the corresponding period of 2020.
One army trooper was killed and another wounded in a powerful blast in the Balnoi sector of Poonch district, Kashmir on Saturday, a defence spokesman said.
Vodafone-Idea (Vi) has said the key hurdle it faces in raising fresh funding, despite interest from investors, is the 'pricing situation' which is also the reason why it has asked the Department of Telecommunica-tions (DoT) for another extension of the moratorium on payment of spectrum instalment by one more year. Responding to a question during an analysts' call on Friday after its quarterly results on the reason for the delay in fund-raising nine months after it was announced, CEO & MD Ravinder Takkar said: "We are in discussions with investors. There is continued interest in investing in the telecom sector in the country. "The biggest hurdle is that the overall industry is under stress because of the pricing situation." He said that once tariffs go up, it will create a significant amount of confidence.
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