Thursday, August 13
New Delhi: Raymond Lifestyle on Monday said it has appointed Satyaki Ghosh as its CEO with immediate effect.The Board of Directors, at a meeting held on Monday, approved the appointment of Ghosh as the Chief Executive Officer and key managerial personnel of the company, effective from January 19, 2026, Raymond Lifestyle Ltd said in a regulatory filing.Ghosh has over 25 years of experience across FMCG, textiles, retail, and consumer businesses, with deep expertise spanning both B2B and B2C environments.He has joined from the Aditya Birla Group, where he most recently served as Chief Executive Officer, Cellulosic Fashion Yarn, Grasim Industries, it added.Prior to this, he served as CEO, Domestic Textiles at the Aditya Birla Group, and also led the Thai Acrylic Fibre business, overseeing mult
New Delhi: The Reserve Bank of India is expected to keep key policy rates unchanged at its upcoming monetary policy review meeting, slated during February 4-6, 2026, according to Crisil.The monetary policy committee had reduced the repo rate by 25 basis points in its December meeting to 5.25 per cent. Their policy stance remained neutral, indicating a data-dependent approach going ahead."We expect the RBI to stay put on policy rates given the creep up in inflation," Crisil said in a report.India's retail inflation rose from 0.71 per cent in November to 1.33 per cent in December, marking a moderate uptick. Though it remained below the RBI's target range of 2-4 per cent.RBI Governor Sanjay Malhotra in December characterised India's current macroeconomic moment as a "rare goldilocks period",
Domestic gold rates hit a fresh lifetime high of Rs 1,45,500 per 10 gram on the MCX on Monday, taking cues from global prices after US President Donald Trump threatened European countries with fresh tariffs on goods if they opposed his planned takeover of Greenland.The February gold futures jumped by Rs 3,000 or 2% over the Friday price even as the COMEX gold hit the $4,674.90 an ounce mark, surging by $79.50 or 1.73%.After a hardly negotiated trade deal last year, Trump reignited sentiments with an explosive threat to place levies on nations that oppose his takeover bid of Greenland.Trump on Saturday said he would put rising tariffs from February 1 on goods imported from EU members Denmark, Sweden, France, Germany, the Netherlands and Finland, along with Britain and Norway, until the US i
Silver’s blistering rally to record highs may be vulnerable to an abrupt reversal if the government pares import duties in the upcoming Union Budget, according to HDFC Securities, which cautioned that any such move could put immediate pressure on domestic prices even as the long-term outlook for precious metals remains bullish.Silver futures on the Multi Commodity Exchange vaulted past Rs 3 lakh per kg on Monday, reflecting the metal’s renewed appeal as a hedge amid global uncertainty. But HDFC Securities said in a research report that while structural drivers for gold and silver remain firmly in place, a reduction in import duties could act as a near-term headwind for prices in India. “However, if the government reduces import duties on gold and silver in the upcoming budget, domest
