Dollars Bag

Donald Trump announced a 30% tariff on all goods imported from Mexico and the European Union, effective August 1, 2025. He cited Mexico’s insufficient efforts to combat drug trafficking and persistent trade imbalances with the EU as justification. Trump suggested the tariffs could be avoided if companies relocate manufacturing to the United States, promising expedited … Read more

Gold prices in the national capital surged by Rs 250, settling at Rs 98,670 per 10 grams, fueled by investor interest amid global economic uncertainties. Silver remained steady at Rs 1,04,000 per kilogram. International factors, including US trade policies and a cautious stance from the Federal Reserve, further supported the upward trend in gold prices.

India’s quick commerce sector is experiencing rapid growth, with spending on platforms like Blinkit and Instamart more than doubling to Rs 64,000 crore in FY25. This surge is driven by increased platform fees and a shift towards profitability, with firms focusing on strategies like advertising and private-label products.

Investor interest in gold-backed mutual funds soared in June, with Gold ETFs attracting substantial net inflows of Rs 2,081 crore, marking a five-month high. This surge, fueled by resilient gold prices, market volatility, and geopolitical tensions, signifies a shift in investor sentiment towards gold as a safe-haven asset. The segment’s AUM also witnessed a rise, … Read more

Tata Consultancy Services reported a net profit of Rs 12,760 crore for Q1 FY2025-26, a 6% increase year-over-year, exceeding market expectations. Revenue saw a modest rise of 1.3% to Rs 63,437 crore,. The company declared an interim dividend of Rs 11 per share.