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Exchange-traded funds for gold and silver experienced marked declines on Thursday, even as global precious metal prices held steady. Anticipation surrounding a potential cut in government import duties on these commodities has emerged, which could lower their costs in India. This speculation is driving increased selling activity in domestic ETFs.
Today’s opinions examine India’s skilling and employment mismatch, BIS certification reform, outcome-linked training, Colgate’s D2C experiment and a new history of the East India Company.
Futures for the Nasdaq 100 Index fell 0.3% and those for the S&P 500 Index retreated 0.2% as initial enthusiasm about the artificial intelligence trade following Nvidia Corp.’s bullish outlook waned. Sentiment was weighed down by Marvell Technology Inc., which fell more than 7% in extended trading following its earnings report.
Banks will remain closed in several states on 28 August for Raksha Bandhan. The closures are state-specific, while online banking, UPI, NEFT, RTGS, and ATM services will continue. Customers should check their local bank’s holiday schedule before visiting a branch.
HDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payment from Subhash Chandra as guarantor. Several lenders had opposed this repayment plan, which was approved by the majority. Government officials clarified Chandra was a guarantor, not the principal borrower.
The State Bank of India forecasts a significant surge in corporate loan prospects, aiming for ₹5 lakh crore as companies pivot towards investments in renewable energy and battery storage solutions. SBI remains steadfast in its goal to secure $10 billion through FCNR(B) deposits while confidently targeting a 14-15% growth in credit. With robust capital buffers,…
The Trump administration is discussing a potential US ownership stake in Venezuela’s oil industry, Axios reported, covering more than a dozen fields holding about 90 billion barrels of proven reserves. The proposal could bring private US companies into developing the assets, increase Venezuelan oil revenues and significantly expand US access to crude.
MarketSmith India reveals its top stock recommendations for today, 28 August. Get expert insights into the best-performing stocks to guide your investment decisions.
Vodafone Idea plans to pay nearly ₹49,000 crore in spectrum dues over the next three years, with payments of about ₹7,000 crore in FY27, ₹15,000 crore in FY28 and ₹27,000 crore in FY29. The telco expects to fund these through higher EBITDA, internal cash generation and fresh bank funding, while also pursuing a ₹45,000-crore network…
Aster DM Quality Care is negotiating to acquire a controlling stake in Yatharth Hospitals. This potential acquisition aims to consolidate the hospital sector amid private equity interest. Yatharth Hospitals’ stock has seen a significant rise in anticipation of a potential trade. The deal would trigger an open offer for additional shares, expanding the acquirer’s ownership….