Market Live: SGX Nifty indicates a negative start for Indian indices

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Indian indices may witness a negative start on Wednesday. The indices logged in losses on Tuesday tracking weakness from Asian peers. The indices on the Wall Street dipped while US Treasury yields rose sharply in overnight session as investors weighed the prospects of higher inflation following a phased ban of Russian oil imports by the European Union that has lifted crude prices to new highs. The European Union agreed in principle to cut 90% of oil imports from Russia. Stocks in Asia wavered as concerns that rates hikes may induce recession kept investors guessing about the outlook for the economy. Shares rose in Japan and Australia, while it wavered in Hong Kong, Shanghai, and South Korea.  

01 Jun 2022, 08:48:37 AM IST

‘VI won’t hesitate to lead next round of tariff hikes’

Vodafone Idea Ltd won’t hesitate to lead the next round of tariff hikes, chief executive officer and managing director Ravinder Takkar said, as India’s third-largest telco aims to achieve average revenue per user (Arpu) levels of 350-400 over the next three to five years.

01 Jun 2022, 08:47:20 AM IST

Sovereign Gold Bonds to Gold Mutual Funds: How your paper gold is taxed

Buying gold is an age old tradition in India. The love for the yellow metal has refused to ebb for generations. Many investors now prefer to invest in paper or digital gold over physical one. The reason is primarily safety and convenience. Even the taxation rules are different for different modes of investing in gold.

01 Jun 2022, 08:42:58 AM IST

Gold falls to nearly 2-week low as U.S. yields, dollar strengthen

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