Retail investment demand for gold bars and coins as well as central bank purchases pushed the global gold demand by 28 per cent to 1,181.5 tonnes in the September quarter, according to the World Gold Council report. The total global demand stood at 921.9 tonnes during the July-September quarter of 2021, the World Gold Council's 'Gold Demand Trends Q3 2022' showed on Tuesday. Investment was down 47 per cent year-on-year as gold backed Exchange Traded Fund (ETF) investors responded to a challenging combination of higher interest rates and a strong US dollar with significant outflows of 227 tonnes.
The National Company Law Appellate Tribunal (NCLAT) on Wednesday closed insolvency proceedings against Oyo and one of its subsidiaries, and also disallowed the intervention of external parties including Federation of Hotel & Restaurant Associations of India (FHRAI). Industry body FHRAI said in May it has been allowed by the NCLAT to intervene on behalf of hotels in the Oyo unit insolvency case before the tribunal. The association had filed the application on behalf of its member hotels in India, who it said at the time are operational creditors suffering hugely on account of non-payments of debt by Oyo.
Buyers from 19 countries participated and showed interest in sourcing from India.
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.
AirAsia will expand its network across ASEAN.
The launching ceremony for the first warship was held at the Hudong Zhonghua Shipyard in Shanghai on Sunday. Pakistan-China defence ties turn a new chapter with the launch of the first ship of Type-054 class frigate, Pakistan's state-run APP news agency reported.
Prime Minister Narendra Modi's visit is an attempt to move the Indo-Singapore relationship to the 'next level'. Singapore has been one of the top investors in India. India-Singapore bilateral trade has already crossed the $15 billion mark. As per the official records, Singapore has emerged as the second largest source of Foreign Direct Investment in India, says Dr Rahul Mishra.
Defence and strategic experts on Monday said that China's posturing in the Indian Ocean will disturb stability and peace in the region.
The papers presented by Indian Police Service officers at the just concluded conference of director generals of police (DGPs) and inspector generals of police (IGPs) submit that by providing huge amounts of money in the name of loans for developmental works in Southeast and South Asia, China wants to reduce India's influence in the Indian Ocean region and force resolution of bilateral issues on Beijing's terms.
The network has been built by six telcos to handle high bandwidth demands of emerging technologies and applications.
While Modi has spent fewer days abroad than his predecessor (270 days versus Dr Singh's 306), he has travelled more extensively and actively than any other Indian PM.
The Congress alleged that whenever an issue of national security comes up, the "prime minister hides behind his ministers".
The Philippines army battles terrorists backed by Islamic State in the first major military encounter with Islamists in that part of the world.
Considering the common linkages, high-level trust, complementarities, and convergent interests between the two nations, Malaysia has the potential to become India's key partner in Southeast Asia, says Dr Rahul Mishra.
Backed by veteran industrialist Ratan Tata, auto portal CarDekho.com, has been revving up its operations in regions like South Asia.
The all-cash transaction is likely to be complete in the first quarter of 2020, subject to regulatory clearance.
The increase in infrastructure spends in the country is likely to be driven by sectors like housing, telecom, healthcare, education and transportation.
However, the Indian Army did not cross the border during the operation, they said.
Captain Sharifah Czarena Surainy, Senior First Officer Dk Nadiah Pg Khashiem and Senior First Officer Sariana Nordin flew flight BI081 to the Middle Eastern country on February 23.
Only a 5-year-old airline with 20 planes is allowed to fly abroad.
"We reject the unwarranted and gratuitous comments made by Pakistan on the judgement of the Supreme Court of India on a civil matter that is completely internal to India," Ministry of External Affairs Spokesperson Raveesh Kumar said.
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore.
Mobile device maker Realme has overtaken South Korean giant Samsung to grab the second spot in the branded smartphone market, with 18 per cent volume share in October this year, revealed Counterpoint Research. Its rival Samsung ended October with 16 per cent share. Xiaomi (including its brand POCO) was at 20 per cent; Vivo at 13 per cent. The ascent brings Realme closer to its ambition to reach the No. 1 berth by 2022 when it hopes to sell over 40 million smartphones annually.
'I thought of a suppressed country and a free world.' 'If we travel from one to another, what will that road look like?' 'What colours, music there will be? What kind of people would you see?'
Prime Minister Narendra Modi on Monday was a "happy guest" on his maiden visit to Singapore where he had a vegetarian dinner with his counterpart Lee Hsien Loong and his wife at an Indian restaurant in Little India.
There is no official word either from China or from India on who will represent Beijing at the upcoming G20 summit.
The consortium will launch programmes in ease of doing business in their respective regions B-schools.
Ola Electric will roll out its complete offering of electric scooters and motorcycles in each segment of the market - premium, mass premium, and economical - in the next 12 months in a bid to push for a near-full conversion of the two-wheeler market to electric in three years. According to Bhavish Aggarwal, founder and CEO of Ola Electric, "ICE (internal combustion engine) products will fall off a cliff." He also says the company is aiming to become profitable next year.
Kurt Campbell, the White House Asia Coordinator, said that in his view India is the most important bilateral relationship for the United States in the 21st century.
The agreement would divert China's attention and keep them busy in the Pacific theatre, probably resulting in a reduction in threat perception in our area of interest in the Indian Ocean, notes Commodore Venugopal Menon (retd).
Prime Minister Manmohan Singh will leave for the 5th Indo-Association of Southeast Asian Nations summit and the 2nd East Asian summit to be held in Cebu, Philippines on Saturday morning.
The Summit comes at a time when China is flexing its muscle to tighten its grip over the disputed South China Sea.
'Delta continues to be the dominant lineage for new cases across all parts of India in recent samples and remains the most rapidly rising lineage globally that is responsible for multiple outbreaks, including across Southeast Asia, which shows the fastest growth in new cases globally,' the INSACOG said.
India staring at first drought in six years.
United States President-elect Joe Biden administration is likely to be as tough as President Donald Trump's on the several contentious issues between Washington and Beijing such as the South China Sea, South China Morning Post reported citing experts.
Indian paddler G Sathiyan has qualified for his maiden Summer Games with a comfortable 4-0 win over Pakistan's Muhammad Rameez in the Asian Olympic Games Qualification Tournament in Doha.
Taranjeet Singh has been appointed the India Business Head of Twitter as the micro blogging site looks to enhance revenues from one of the world's biggest Internet markets.
US President Joe Biden on Wednesday announced that the US will allocate 75 per cent - nearly 1.9 crore of the first tranche of 2.5 crore doses - of unused COVID-19 vaccines from its stockpile through the UN-backed COVAX global vaccine sharing programme to countries in South and Southeast Asia as well as Africa.
Relevant talent is spending time online and leaving their footprints.
China sees India and Japan's 'North East Road Network Connectivity Improvement Project' as a challenge to its OBOR, says Rajaram Panda.
