Bank loans against jewellery rose nearly fivefold to ₹4.6 lakh crore at the end of March from ₹93,301 crore two years ago, registering a 123% year-on-year growth—the fastest across sectors, according to data from the Reserve Bank of India.
Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to