Stock markets will observe a special Diwali trading session on October 21, despite being closed for Lakshmi Puja and Balipratipada on October 21 and 22 respectively. This symbolic ‘Muhurat Trading’ marks the Hindu financial year’s start, historically bringing optimism. Investors should note these dates and the unique trading window.
Gold and silver prices softened in India on Dhanteras, offering relief to buyers ahead of the festive season. Despite a dip in retail prices, gold futures on MCX closed higher, while silver futures also recorded gains, reaching a new high.
Gold prices hit a record high of Rs 1,34,800 per 10 grams ahead of Dhanteras, impacting volume sales but boosting value. Silver, despite a recent dip, has seen an 81% year-on-year surge. Buyers are opting for lightweight jewellery and coins, while platinum gains traction among men.
Dhanteras 2025 sees Indian gold buyers facing record prices, leading to a strategic shift towards lightweight jewellery and investment products like coins and digital gold. Despite high costs, a positive buying sentiment persists, fueled by FOMO and increased disposable income from tax cuts, ensuring a robust value-driven festive season.
US President Donald Trump has signed an order offering relief to American carmakers by extending tariff offsets on imported parts until 2030. Simultaneously, a 25% tariff is imposed on medium and heavy-duty truck parts from November 1, following a national security review. This aims to boost domestic manufacturing, though some USMCA-eligible trucks will receive preferential…
China and the US are set to resume trade talks soon, aiming to de-escalate escalating tariff tensions. This comes after US President Trump suggested a 100% tariff might not be sustainable, while also hinting at potential further levies. The discussions follow recent export controls by Beijing and mixed signals from both economic powers.
Boeing has received FAA approval to increase its 737 Max monthly production to 42 jets, up from 38. This comes after a period of slowed output due to investigations and a strike. The FAA emphasized that oversight will continue, despite restoring Boeing’s authority for final safety inspections.
A Belgian court has cleared the extradition of fugitive diamantaire Mehul Choksi to India in the Rs 13,000-crore PNB fraud case. The court upheld the validity of his arrest, marking a significant step for India’s efforts to bring him to justice. India has assured humane conditions for Choksi if extradited.
