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Gold prices reverse course to trade higher as US dollar loses ground

Despite the gains on Wednesday, prices have pulled back from their highest level since April 2022, reached on Monday

Yen drops as BOJ sticks to ultra-easy policy, sterling hits one-month high

The dollar index, which measures the safe-haven dollar against six peers including the yen, fell 0.4% at 102.01

IndusInd Bank posts bigger-than-expected Q3 net jump of 68% to Rs 1,959 cr

Analysts were expecting a profit of Rs 1,859 crore, according to Refinitiv IBES data

Shree Cement to raise funds by selling two-month commercial papers: Bankers

The company will offer a yield of 6.78% on this issue, and has received commitments worth around 1 billion rupees ($12.29 million), the bankers said

Companies sell their businesses in Russia, complying to sanctions amid war

The moves, part of a broader corporate exodus from the country, are likely to stir concerns that Russian firms and institutions are snapping up prized assets for a bargain

Guyana expects proposal from India for long-term crude oil purchases

Guyana and India in 2021 failed to reach an agreement for direct sales of Guyana's sweet crude to Indian state refiners

Maharashtra enters $2.5 bn partnership for EV battery-swapping stations

Maharashtra has entered a $2.5 billion partnership with Taiwan's Gogoro Inc and a local automotive systems supplier to build electric vehicle (EV) battery-swapping and charging stations in the state

Goldman Sachs sees 69% drop in Q4 net profit on dealmaking slump

It also reported a pre-tax loss of $778 million in its platform solutions unit

Centre planning rate changes in new income tax structure, says report

Individuals can currently decide which set of rates they want to be taxed under

Morgan Stanley profit beats on strength in wealth, trading units

UBS in a note said Morgan Stanley's fourth-quarter core trends were encouraging

India writes to IMF backing Sri Lanka's debt restructuring plan: Report

Sri Lanka owes India around $1 billion that will come under the debt restructuring plan

Oil mixed amid weak China economic data, sustained hopes for 2023

Oil prices were mixed on Tuesday after China posted its weakest economic growth in nearly half a century, while its late-22 U-turn in Covid policy

European shares slip as China data stokes economic slowdown fears

China's growth for 2022 of 3% was far below the official target of about 5.5%. Excluding a 2.2% expansion after COVID-19 first hit in 2020, it was the worst showing in nearly half a century

Sebi proposes separating brokers from investors' money to avoid fund misuse

Such a move will prevent misuse of client funds, brokers' defaults and the consequent risk to investors' capital, the regulator said in a discussion paper to seek views before it finalises the rule

Indian importers use rupee's recovery to increase hedging, data shows

Average dollar purchases by importers, beyond the spot date, rose to $1.64 bn last week from $1.14 bn the week before, latest data collated by The Clearing Corporation of India Ltd (CCIL) revealed

Network18 posts Rs 76.8 mn net loss in December quarter amid ad slowdown

Network18 posted a consolidated loss of 76.8 million rupees ($938,875.31) in the quarter ended Dec. 31, compared to a profit of 971 million rupees a year earlier

India's rising home prices, rentals a new inflation threat: Analysis

Urban housing inflation rose to 4.47% year-on-year in December 2022

India's 2022-23 sugar output to fall on adverse weather: Industry official

India, the world's biggest sugar producer and the second biggest exporter, had produced a record 35.9 million tonnes of sugar in the previous season ended on Sept. 30, 2022

Cryptoverse: Bitcoin on the charge in 2023, clocks a 26% gain in January

Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January

Yen perched near 7-mth high as investors wait for policy shift at BOJ

The dollar drifted above multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan