Page 185 - Reuters

Gold demand up 1% in 2024, to remain supported by economic uncertainty: WGC

Spot gold prices rose by 27 per cent last year, the most since 2010, as investors chose the metal to hedge against global risks and as the US Federal Reserve slashed interest rates

Gold consumption in India to cool in 2025 as prices soar, says WGC

Demand for gold could stand between 700 metric tonnes and 800 metric tonnes, compared to last year's 802.8 tonnes

Govt issues notice to Kia for $155 mn tax evasion, company denies charges

Tax officers sent a confidential notice to Kia's Indian unit in April 2024, flagging alleged tax evasion of Rs 1,350 crore

Kremlin says contacts with Trump's team intensified over Ukraine, Nato

Russian Foreign Minister Sergei Lavrov welcomed what he described as an acknowledgment from Trump that drawing Ukraine towards NATO was a mistake

Here're the foreign companies embroiled in tax disputes with govt

South Korea's Kia has been accused of dodging $155 million in taxes by misclassifying some car component imports, but the company is contesting the charge privately with officials

Redington Q3 results: PAT up 18% at Rs 400 cr on steady PC, mobile demand

Redington, which is a distributor of Apple and Samsung products, reported a rise in profit to Rs 400 crore ($45.8 million) for the October-December quarter, from Rs 341 crore last year

Ahead of PM's US visit, govt to review tariff surcharges on over 30 items

In a bid to avoid President Donald Trump's growing tariff actions, India has already reduced average import tariff rates to 11 per cent from 13 per cent on several items in the latest Budget

South Korea temporarily bans DeepSeek over security concerns: Reports

Last month, Australian Treasurer Jim Chalmers called on Australians to be cautious when using the Chinese AI model while U.S. officials are also looking at DeepSeek's national security implications

Temu, Shein targeted as EU cracks down on unsafe ecommerce imports

It said the cheap imports pose unfair competition to EU sellers which follow the rules while the large number of packages being shipped has a negative impact on the environment and climate

US-China trade war intensifies, pushing gold prices to all-time highs

Meanwhile, global gold demand rose 1% to a record 4,974.5 metric tons in 2024, driven by higher investment and increased central bank purchases in the 4th quarter, according to the World Gold Council

Page Industries Q3 results: Net profit rises to Rs 205 cr, revenue up 7%

The apparel maker reported a profit of Rs 205 crore ($23.4 million) for the quarter ended Dec. 31, 2024, compared with Rs 152 crore a year ago

Adani Wilmar bets on urban revival, quick grocery delivery to boost growth

Top executives in sectors such as consumer goods and automobiles expect India's plans to cut personal income tax rates

Titan likely to pay more to source gold from bullion banks as supply falls

Jewellers such as Titan, which owns the Tanishq and CaratLane brands, lease gold from bullion banks, which import the metal, to avoid inventory risks due to fluctuation in prices

Zydus Life Q3 results: Net profit jumps 30% to Rs 1,024 cr on strong demand

The United States is the company's biggest market accounting for 47 per cent of total revenue, followed by India

Chinese companies control around 75% of Indonesian nickel capacity

Indonesia's 8 million metric tonne refining capacity was distributed across 33 companies, but ownership tracing showed shareholder overlap, and ultimately Chinese companies control

SBI looks to raise around Rs 5K crore via perpetual bonds before end of Feb

The country's largest lender could have a call option at the end of either five years or 10 years on the issue

Chinese chip makers, cloud providers rush to embrace homegrown DeepSeek

The news that Huawei had integrated DeepSeek's models with its Ascend chips marked a watershed moment

US postal service suspends incoming packages from China, Hong Kong

The Trump administration imposed an additional 10 per cent tariff on Chinese goods that came into effect on Tuesday

Trump wants Ukraine to supply US with rare earths in exchange for war aid

Trump, speaking to reporters at the White House, said Ukraine was willing, adding that he wants equalisation from Ukraine for Washington's close to $300 billion in support

China's services activity grows at slower pace in Jan, PMI slips to 51

The Caixin survey showed that new business growth eased to a four-month low, while employment fell to the weakest since April 2024