Gold sales volume dropped by a quarter this Dussehra to 18 tonnes due to sharply higher prices, despite a 30-35% increase in sales value. Consumers are increasingly exchanging old gold, which now accounts for over half of sales, and buying gold coins or bars as investments, anticipating further price stability.Read More
Finance Minister Nirmala Sitharaman affirmed India’s economic growth is firmly anchored in robust domestic consumption, blunting external shocks. Addressing the Kautilya Economic Conclave, she emphasized India’s strong resilience and evolving economic leverage, urging developing nations to be active global participants. Sitharaman detailed strategic reforms driving growth, targeting 8% annually to achieve developed nation status by 2047.Read More
The JPMorgan note, which tracks hedge fund trading, said positioning in U.S. stocks was only “somewhat bullish,” indicating an expectation for equities to rise.Read More
In September, the U.S. central bank lowered interest rates by an expected 25 basis points to 4.00-4.25% on labor market concerns and indicated more cuts would follow later this year.Read More
Eyewear retailer Lenskart has received Sebi approval for its IPO, targeting a mid-November listing. The company aims to raise Rs 2,150 crore in fresh capital, with the total IPO size expected to be Rs 7,500-8,000 crore. Lenskart turned profitable in fiscal 2025, posting a net profit of Rs 297 crore, and will use proceeds for store expansion and acquisitions.Read More
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