Jewellery sales dip 30 per cent in India over fortnight as gold prices rise
Gold jewellery sales in India plummeted by 30% recently, averaging 1,600 kg, as prices surged nearly 5%. This decline is attributed to rising gold prices, which dampened consumer demand despite an initial boost following Akshaya Tritiya.
Will the US dollar continue to weaken amid economic uncertainties and rising treasury yields? Claudio Irigoyen answers
BofA Global Research’s Claudio Irigoyen suggests the US dollar will likely remain soft without a major collapse. Rising US treasury yields reflect recalibrated expectations due to fiscal and policy uncertainties, impacting consumer and business sentiment. Portfolio rebalancing by global investors, shifting away from US assets, further contributes to the dollar’s struggle.
Hyundai, Kia sell shares worth Rs 690 crore in Ola Electric via block deal
Hyundai offloaded 10.8 crore shares at Rs 50.7 apiece, amounting to Rs 551.9 crore, while Kia sold 2.7 crore shares at Rs 50.5 apiece, totalling Rs 137.3 crore. US investment bank Citigroup purchased shares worth Rs 435.4 crore in Ola Electric during the same sessions.
Yes Bank secures board approval to raise Rs 15,000 crore in equity and debt capital
Yes Bank’s board has approved a plan to raise funds. The bank aims to secure ₹7,500 crore through equity and ₹8,500 crore via debt instruments in fiscal year 2026. This fundraising will occur in stages, both domestically and internationally. Sumitomo Mitsui Banking Corporation will increase its stake in Yes Bank.