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India’s foreign exchange (forex) reserves increased by $4.368 billion during the week ended April 26, official data showed. According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves rose to $418.515 billion from $414.147 billion reported for the week ended April 19.
Ace sprinter Hima Das bagged her third international gold in two weeks after she bagged the top spot in women's 200m event at the Kladno Memorial Athletics Meet here in Czech Republic.
Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays.
Gold prices have hit a record high amid a rush for safe haven assets owing to the fears of a recession. Goehring & Rozencwajg, a research firm which focuses on investments in natural resources, says the great gold bull market has begun.
China’s factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance and extreme weather weighed on business activity,
Trade in medical goods registered growth of 16.3 per cent in 2020 - compared with 4.7 per cent growth in 2019 when the COVID-19 pandemic was just starting,
Al Aliyo HydroFarms, a hydroponic fodder farm in the UAE, has inaugurated two warehouses in the Sharjah Food Park of Hamriyah Free Zone Authority (HFZA) with initial investments estimated at Dhs9 million.