India’s industrial growth in November was the fastest in two years, on the back of strong manufacturing and mining activity. India’s industrial output in April-November grew 3.3% as compared to a revised increase of 4.1% a year earlier, according to government data. (Mint Archives) The index of industrial production (IIP)—which measures factory output in the […]
A prime 2.5-acre land parcel in South Mumbai’s Mahalaxmi locality has drawn a record-breaking bid of ₹2,251 crore for a 99-year-long lease by the Railway Land Development Authority (RLDA). According to real estate experts, this was the highest price ever offered for a 2.6-acre plot in the Mumbai real estate market, which can be considered […]
The Bank of Japan raised its benchmark interest rate to the highest in 30 years and said more increases are in the pipeline if conditions allow, in a sign of growing conviction that it can attain the stable inflation target it has pursued for more than a decade. Bank of Japan Governor Kazuo Ueda. (Reuters) […]
While gold price is smashing records globally, Indians are now willing to pay so much more for access to physical gold on Dhanteras and Diwali that premiums have risen to their highest level in more than a decade. Gold prices in India hit a record high of ₹1,31,699 per 10 gm this week. (Bloomberg) Gold […]
Higher inflows into Gold ETFs will lift India’s gold imports and are set to support global gold prices that hit records this week. Source link
