Tuesday, September 15
Gold is likely to trade with a positive bias in the coming week, supported by rising expectations of interest rate cuts by the Federal Reserve, fresh volatility due to the US administration's aggressive trade stance, and continued safe-haven demand amid a softening dollar, analysts said.Investors will monitor PMI data from the EU and the UK this week, along with speeches by US Fed officials. The US jobless claims data will also be tracked for cues on the Fed's interest rate path.However, the focus is likely to shift toward the economic fallout of US administration's trade restrictions on 70 countries which may lead to supply chain realignments, inflationary pressure and fresh interest in safe-haven assets like gold, they added."In the week ahead, gold prices may continue to trade steady bu
Punjab National Bank (PNB) is well poised to touch the milestone of Rs 30 lakh crore total business by the end of the current financial year and the country's second biggest lender has the right strategy in place to achieve it, the bank's MD and CEO Ashok Chandra said.Total business of PNB rose by 11.6 per cent to Rs 27.19 crore at the end of the first quarter of the current financial year. PNB is closely followed by Bank of Baroda with total business of Rs 26.43 lakh crore while Canara Bank at Rs 25.64 lakh crore at the end of June 30, 2025. "We have a target of Rs 29.56 lakh crore for the current financial year. We may do better than our target and can touch Rs 30 lakh crore by March next year but let me add that we are very mindful that whatever the top line we are going to build, it sh
Escalating tensions in the Red Sea—increasingly seen as an internet kill switch, particularly for India, as most major cable networks are wired through this corridor—are pushing cable owners to make multiple backup arrangements to avoid a complete blackout.Cable operators are building redundancies, buying double the number of fibre pairs and, in some cases, even planning to lay cables along sovereign land routes, which are inflating costs for data centres and cloud providers, industry executives told ET.As per estimates, leasing a pair of high-capacity subsea fibre on global corridors like Europe-Asia costs anywhere between $30,000-$50,000 per month.The issue is critical to India as the country’s digital backbone is tightly wired through the Red Sea corridor, which brings major cable
