Gold price prediction today: Gold prices are expected to maintain bullish momentum long-term, but intraday traders can consider a “sell on rise” strategy today. Technical indicators suggest a temporary correction due to overbought conditions and profit-booking near the 117250-117400 resistance. This high-risk, short-term trade targets 116400 with a stop-loss at 118200.
American tech firm Natsoft and its subsidiary Updraft have sued Mumbai-based Hexaware Technologies for $500 million in the US, alleging patent infringement. They claim Hexaware’s platforms illegally incorporate Natsoft’s patented technologies and misused confidential information from their partnership. Hexaware, however, asserts the complaint lacks merit and anticipates no significant financial impact.
A senior ASML executive stated European policymakers are difficult to reach. He found Indian government officials more accessible. ASML CEO Christophe Fouquet held a two-hour meeting with Prime Minister Modi. Modi listened intently and asked for improvement areas. This interaction shows India’s engagement with global industry leaders. Such direct dialogue is valued by companies.
Government efforts to boost India’s electronics component ecosystem attracted over Rs 1.1 lakh crore in investment proposals. This amount is almost double the initial target. The applications could generate Rs 10.3 lakh crore in new production. Many global and domestic firms submitted proposals. This initiative aims to establish India as a global electronics component supplier.
New draft regulations classify breaches of online money gaming protocols as non-bailable violations, extending accountability to all company personnel. Designated officers are authorized for warrantless searches and arrests under the PROG Act 2025, which prohibits online monetary gaming services. The Ministry of Electronics and IT is accepting public feedback on these stringent rules until October…
The Finance Ministry said on Thursday that the Department of Revenue (DoR) has been asked to undertake a fair, transparent, and fact-based inquiry following allegations made by Wintrack Inc (Chennai) of “corruption and harassment” against Chennai Customs and the matter is being “with utmost seriousness”.
Airbus board members completed a four-day visit to India. They held their first meeting in India since starting operations here. Chairman Rene Obermann met Prime Minister Modi. The board visited manufacturing facilities in Hyderabad and Bengaluru. They discussed investments with ministers. Airbus revealed plans for a joint training centre. India is a crucial market for…
Commerce Minister Piyush Goyal met with the Airbus Board in India to discuss investment and deepening collaboration in the aviation sector. Airbus is establishing two new final assembly lines and plans to increase procurement from India to $2 billion by 2030, following major aircraft orders from Indian carriers. This marks their first board meeting in…
Berkshire Hathaway is acquiring Occidental Petroleum’s OxyChem division for $9.7 billion, a major deal potentially preceding Warren Buffett’s retirement as CEO, with Greg Abel assuming leadership. This acquisition helps Occidental significantly reduce debt and strategically expands Berkshire’s chemical portfolio, complementing its existing Lubrizol subsidiary. The transaction is set to conclude in the fourth quarter.
