Business News

The government’s rollout of E20, a new ethanol-blended petrol, has sparked panic and confusion across India, the world’s third-largest auto market.Since its nationwide rollout in April, the move has sparked public concern and confusion, with many worried about how it might affect their vehicles and calling for more options in ethanol fuel blends like the…

Coal India Limited (CIL) is exploring the possibility of setting up data centres in its decommissioned mines, repurposing redundant assets to meet India’s rising demand for digital infrastructure while pushing sustainable development.The state-owned miner has initiated a detailed feasibility study with consultants, officials told PTI. The exercise will include site assessments, a comparative analysis of…

US stocks edged higher on Monday as investors prepared for a week packed with critical economic data that could influence whether, and by how much, the Federal Reserve adjusts interest rates at its next policy meeting in a week.The S&P 500 rose 0.3%, hovering just below the record level it reached last week. The Dow…

Elon Musk’s SpaceX has struck a deal worth about $17 billion with EchoStar to acquire spectrum licenses that will strengthen its Starlink satellite network.The agreement covers EchoStar’s AWS-4 and H-block spectrum licenses, with up to $8.5 billion to be paid in cash and an equal amount in SpaceX stock. SpaceX will also make about $2…

India’s unemployment rate, at 2 per cent according to World Economic Forum data, is the lowest among G20 nations, Union Labour and Employment minister Mansukh Mandaviya said on Monday.Speaking at the signing of MoUs between the Labour Ministry and digital mentorship platform Mentor Together and classifieds site Quikr, the minister said the figure reflected how…

Mutual Fund investments (AI image) The direct plan of the Jio BlackRock Flexicap Fund that opens later this month has a total expense ratio of 0.5%. The fund house claims that its efficient execution processes would lower costs and potentially increase portfolio returns for investors. The logic seems simple: the lower the cost, the higher…

Escalating prices of gold have contributed to the slowdown in gold purchases. (AI image) After aggressively buying gold in the last year, central banks around the world have now slowed down their purchases of the yellow metal. Central bank gold acquisitions have come down compared to last year, indicating a more measured stance amid global…

Vande Bharat sleeper train prototype Indian Railways is looking to roll out the first Vande Bharat sleeper train in the coming weeks. The prototype train set, built on the Vande Bharat platform, for long distance travel aims to offer faster and more comfortable passenger experience compared to the Rajdhani Express trains.Union railways minister Ashwini Vaishnaw…

Artificial Intelligence (AI) data centres could emerge as major consumers of global water resources in the next few years, according to a report by Morgan Stanley. The report, as cited by news agency ANI, projected that annual water use for cooling and electricity generation may rise to around 1,068 billion litres by 2028, an 11-fold…

Gold is likely to remain well-supported unless inflation data drastically changes the outlook. (AI image) Gold price prediction today: Gold prices are likely to remain well supported in the near-term, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd. He shares the outlook on gold prices and strategy for gold investors:Gold…