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Gold and silver get cheaper to import as government cuts base prices

Economictimes.indiatimes.com 

Gold and silver import prices have been reduced by India's government. This action lowers the customs duty on these precious metals. The move comes as global prices for gold and silver are near record highs. India is a major consumer of gold and the largest market for silver. The government typically revises these prices every two weeks.

India-EU FTA will likely get ratified but political factors may play spoilsport

Economictimes.indiatimes.com 

India and the European Union have concluded a Free Trade Agreement, a pact of major geoeconomic significance covering one-third of global trade. While ratification is likely, the process is expected to be protracted and politically contested due to potential concerns over sensitive sectors and regulatory standards.

Silver jumps nearly Rs 11,000, nears Rs 3 lakh; gold up 3%. Is it too late to buy?

Economictimes.indiatimes.com 

Gold and silver futures extended gains for a second session, driven by geopolitical tensions after the US shot down an Iranian drone, along with bargain buying and a softer dollar. MCX silver jumped 4% and gold rose 3%, while global prices surged to multi-year highs. Analysts expect continued volatility amid dollar moves and geopolitical risks.

T20 WC: Pakistan’s spin clicks, yet India boycott looms over campaign

Economictimes.indiatimes.com 

Pakistan's T20 World Cup journey faces a significant hurdle. A government decision to forfeit their match against India could jeopardize their progress. The team must win all their remaining group games to stay in contention. Despite recent victories against Australia and South Africa, this political decision adds immense pressure.

Nazara Technologies shares fall 4% after Q3 profit slumps 35% to Rs 9 crore

Economictimes.indiatimes.com 

Nazara Technologies' shares dipped after reporting a 24% YoY decline in Q3 operating revenue to Rs 405.9 crore, primarily due to the deconsolidation of Nodwin Gaming. Despite this, the company returned to sequential profitability with an Rs 8.8 crore net profit. Strong nine-month performance and growth in Kiddopia and IP expansion were also noted.

HAL shares tumble 8% after L&T, Bharat Forge get shortlisted to develop fighter jets

Economictimes.indiatimes.com 

Shares of Hindustan Aeronautics Ltd dropped significantly after it was not shortlisted for the Advanced Multirole Combat Aircraft programme. Larsen & Toubro, Bharat Forge, and Tata Advanced Systems were selected. The winner will partner with Aeronautical Development Agency to build prototypes. This fifth-generation fighter jet is expected to be a key part of India's air combat capability from the mid-2030s.