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Gold price declines Rs 430 to Rs 59,020, silver falls Rs 400 to Rs 71,100

Gold price declines Rs 430 to Rs 59,020, silver falls Rs 400 to Rs 71,100

Gold price fell Rs 430 in Saturday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 59,020, according to the GoodReturns website. Silver price was down Rs 400, with 1 kg of the precious metal selling at Rs 71,100.

The price of 22-carat gold declined Rs 400 with the precious metal trading at Rs 54,100.

PM Modi praises US Congress for coming together while taking veiled swipe at Rahul Gandhi

PM Modi praises US Congress for coming together while taking veiled swipe at Rahul Gandhi

Prime Minister Narendra Modi has lauded the members of the US Congress for coming together to celebrate their country's ties with India, saying there must be a contest of ideas at home but people must also come together as one while speaking for the nation.

Modi's remarks in his address to a joint session of the US Congress on Thursday came against the backdrop of Rahul Gandhi's frequent swipes at his government during his visits abroad, which the ruling BJP has often projected as the opposition leader's bid to malign the country from foreign soil to target the central government.

Intel India chief Nivruti Rai resigns, successor to be announced soon

Intel India chief Nivruti Rai resigns, successor to be announced soon

Intel India Chief Nivruti Rai has resigned from the company after working for 29 years. She was the head of Intel's operations in India and vice-president of Intel Foundry Services. She started at Intel in February 1994 as a design engineer.

Releasing a statement at her exit, Intel said that the company is grateful to Nivruti for the tremendous progress Intel India has made under her leadership.

Phase-I construction of Ayodhya's airport to be completed by August

Phase-I construction of Ayodhya's airport to be completed by August

The first phase of construction of the Maryada Purushottam Shri Ram International Airport located in Ayodhya is expected to be completed by August this year.

As Indian airlines gear up for flights to Ayodhya, the airport will become a major transit point for pilgrims from across the world as the construction of the Ram Temple nears completion in the city.

Sky not the limit for India-US partnership, says PM Narendra Modi

Sky not the limit for India-US partnership, says PM Narendra Modi

India and the US upgraded their strategic partnership by a few crucial notches on the second day of Prime Minister Narendra Modi’s “state visit” to Washington, DC, with the signing of agreements spanning mega defence deals, semiconductors, critical minerals, cooperation in critical and emerging technology, artificial intelligence, quantum computing, telecommunications and space cooperation on Thursday.

The US could introduce in-country renewable H-1B visas, and it will open consulates in Bengaluru and Ahmedabad, while India will establish a mission in Seattle.

Bribes-for-jobs scam uncovered at TCS, miscreants may have made Rs 100 cr

Bribes-for-jobs scam uncovered at TCS, miscreants may have made Rs 100 cr

Tata Consultancy Services (TCS), one of the biggest IT firms in India, has been rocked by a bribes-for-jobs scandal. According to a report by Mint, a few senior personnel at the company were accepting bribes from staffing firms for giving jobs to their candidates, for years.

This has led to the company sacking four officials from its resource management group (RMG) and banning three staffing firms.

Edtech giant Byju's trouble deepens, Deloitte resigns as statutory auditors

Edtech giant Byju's trouble deepens, Deloitte resigns as statutory auditors

In rising trouble for edtech major Byju’s, its statutory auditors Deloitte Haskins & Sells resigned due to the delay in the company's filing of financial results.

In a letter to the board members of Think & Learn Private Limited, the parent company of Byju’s, Deloitte said: “The financial statements of the Company for the year March 31, 2022 are long delayed…we have not received any communications on the resolution of the audit report modifications in the respect of the year ended March 31, 2022.

Uber Technologies to lay off 200 employees in its recruitment division

Uber Technologies to lay off 200 employees in its recruitment division

Uber Technologies stated that it would be cutting off 200 jobs in its recruitment team, according to a report by Reuters and the Wall Street Journal (WSJ).

Uber reportedly has a global workforce of 32,700 worldwide and this reduction would affect less than one per cent of its employees. However, within the recruitment division, this would be about 35 per cent of the employees, according to WSJ's estimate.

PM Modi gifts rare green diamond, unique sandalwood box to US First Lady, Joe Biden

PM Modi gifts rare green diamond, unique sandalwood box to US First Lady, Joe Biden

Prime Minister Narendra Modi on his state visit to the US, met Joe Biden and Jill Biden at the White House and exchanged presents with them.

First Lady Dr Jill Biden received a 7.5-carat green diamond from Prime Minister Narendra Modi, and President Joe Biden received a unique sandalwood box.

Sugar stocks in focus; Dhampur, Uttam Sugar hit 52-wk high; soar up to 14%

Sugar stocks in focus; Dhampur, Uttam Sugar hit 52-wk high; soar up to 14%

Shares of sugar companies were in focus and rallied up to 14 per cent on the BSE in Thursday’s intra-day trade in an otherwise subdued market on expectation of sugar prices to remain elevated due to the deteriorating weather outlook coupled with rising demand.

Among individual stocks, Uttam Sugar Mills (up 14 per cent at Rs 347.65), Ugar Sugar (up 8 per cent at Rs 131) and Dhampur Sugar Mills (up 6 per cent at Rs 286) hit their respective 52-week highs.

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