Rising for the sixth consecutive session, gold prices rallied Rs 1,000 to hit yet another record high of Rs 105,670 per 10 grams in the national capital on Monday, lifted by expectations of a rate cut by the US Federal Reserve this month and robust demand in overseas markets.
The Federal Reserve on Wednesday trimmed US interest rates a quarter percentage point to 45-year lows, citing recent hopeful economic signs as it offered a less potent growth tonic than markets had hoped.\n\n\n\n
The 18 year old from an impoverished family in Chennai won the Carrom World Cup, but the title has not changed either her or her father, an autorickshaw driver.
'They are clueless about the man on the currency notes.' 'They have been fed with WhatsApp forwards, so either Gandhi is vilified or deified. There's nothing in between.'
Fed rate hike 'makes sense,' says US reserve bank president.
Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates.
Yellen is currently Vice Chairman of the Board of Governors of the Federal Reserve System.
Many are reportedly too weak to stand or talk. The detainees include Sikhs, Gujaratis and Bengalis, and from Punjab in Pakistan.
The next policy meeting will be in mid-June, when the panel will be joined by Stanley Fischer, the former Bank of Israel governor whose nomination to the Fed's board was confirmed on Wednesday by the US Senate.
She will replace Ben Bernanke as the Chair of the Federal Reserve.
Chanting slogans of "Modi Modi" and India-US friendship, Indian Americans walked in a procession for over an hour towards the historic Lincoln Memorial where the participants busted into an impromptu dance.
Some investors had speculated that the US central bank might put its plans on hold given the jitters overseas.
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
What is digital house arrest? It is a tactic cybercriminals use to confine victims to their homes and scam them, explains Tamal Bandyopadhyay.
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
The decline bolstered bets that the Federal Reserve will hike interest rates in mid-2015
The major US indexes pared losses late in the session.
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The stock jumped significantly on listing.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
NFL players, owners defy Trump on anthem protests as feud ramps up
A round-up of Tuesday's action in the UEFA Champions League.
The reason for the windfall: the soaring value of their stock awards.
Summary of sports events and persons who made news on Wednesday
Chanda Kochhar is among the three Indians in Time's Most Influential list.
Facebook founder Mark Zuckerberg and wife Priscilla Chan introduced their daughter Maxima to the world with a beautiful and thoughtful letter.
