Sunday, August 30
Belgium's supreme court -- the Court of Cassation -- on Tuesday rejected the appeal of fugitive diamond trader Mehul Choksi challenging the extradition request of India in connection with the Rs 13000-crore alleged bank fraud in Punjab National Bank, authorities in that country said. Choksi, who escaped to Antigua and Barbuda in January 2018, days before the scam was detected, was spotted in Belgium, where he had purportedly sought treatment. India had sent an extradition request to Belgium on August 27, 2024, based on arrest warrants issued by a special court in Mumbai. Responding to PTI, Spokesperson for Court of Cassation, Advocaat-generaal Henri Vanderlinden, said, "The Court of Cassation rejected the appeal. So, the decision of the Court of Appeal stands." The process of his extradit
Gold rose on Tuesday as traders remained optimistic ahead of the U.S. Federal Reserve's interest rate decision, while silver rose to hit the unprecedented $60 per ounce milestone as the white metal faced supply constraints. Spot gold rose 0.6% to $4,215.19 per ounce by 11:11 a.m. ET (1610 GMT). U.S. gold futures for February delivery added 0.6% to $4,244.80 per ounce. Spot silver climbed over 4% to $60.52 per ounce, an all-time high. "People are anticipating that there's going to be strong industrial demand for silver for years to come, which is why it's been bid up, the silver price," said Fawad Razaqzada, market analyst at City Index and FOREX.com, adding that the buying momentum is strong at the moment. Silver prices have been supported by persistently low supplies and dwindling global
President Donald Trump signaled the possibility of new tariffs on Indian rice, raising concerns that trade negotiations between Washington and New Delhi may remain unsettled. The remarks, made at a White House event announcing additional support for US farmers, pointed to growing tensions over agricultural imports that American producers say are pushing down domestic prices.According to a Bloomberg report, Trump said he would “take care” of what he described as dumping of Indian rice into the US market. Farmers in parts of the country have argued that cheaper imports from India, Vietnam and Thailand are hurting their competitiveness and adding pressure to a sector already affected by inflation and past trade actions.“They shouldn’t be dumping,” Trump said. “I mean, I heard that
Mumbai: The Indian Premier League's ecosystem value has declined 20% to $9.6 billion in 2025 from $12 billion a year ago, hurt by geopolitical tensions in the region and uncertainties surrounding the mega-auction, according to new data from Brand Finance.The ongoing India-Pakistan conflict forced the Board of Control for Cricket in India to suspend matches, including the playoffs, for a week due to safety concerns. Apart from the pandemic-hit 2020 season, this is the only other year the IPL's ecosystem value has fallen since Brand Finance began tracking the league.In a report published in October, D&P Advisory had already flagged a two-year decline in the league's valuation, placing the IPL at ₹76,100 crore ($8.8 billion) in 2025 compared with ₹82,700 crore ($9.9 billion) in 2024 a
