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May 7, 2024 6:47 PM

Gold and Silver Futures Decline in Indian and Global Markets

Gold prices slipped today in the futures market. The precious metal for the June contracts was lower by 274 rupees or 0.38 percent, trading at 71,095 rupees per ten grams. Silver futures for July contracts were down by 260 rupees or 0.31 percent, trading at 82,695 rupees per kilogram, when the repor...

May 7, 2024 6:45 PM

US Stock Indices Rise for Third Day on Rate Cut Expectations

All three benchmark US indices closed higher yesterday in the third straight session as investors continued to gain hope that there was a greater chance of the Federal Reserve cutting interest rates this year.   The Dow Jones Industrial Average rose 0.46 percent, the S&P 500 gained 1.03 p...

May 11, 2024 12:32 PM

Sri Lanka Signs 20-Year Power Deal with Adani Green Energy for Wind Stations

Sri Lanka has sealed a 20-year power deal with Adani Green Energy Ltd of India. Sri Lanka’s Cabinet of Ministers have approved the project under which two wind power stations will be developed by Adani, marking a crucial step towards sustainable energy solutions. The approval granted last year for...