Gold rose over 1% on Tuesday to a more than one-month high, bolstered by a softer dollar and lower Treasury yields, with investors betting that recent U.S. economic readings make the case for a pause in the Federal Reserve's interest rate hikes. Spot gold was up 1.3% at $1,979.19 per ounce by 12:41 p.m. ET (1641 GMT), after hitting the highest since late May. U.S. gold futures advanced 1.5% to $1,985.20. The dollar index wobbled near more than a one-year low, making bullion more affordable to buyers holding other currencies. Benchmark Treasury yields ticked lower for the second straight day.
In a statement, the automaker said,"We would like to clarify that our company, Lohia Auto Industries, has been unnecessarily dragged into this story. We want to emphatically state that we have not received any information or notice from the government department or concerned authority regarding the reversal of subsidies. We are unaware of the source of information that alleges Lohia Auto Industries' involvement in this matter."
One person was killed, and10 others were injured in a blast on Tuesday evening at an eating joint adjacent to the fire brigade office on the Mall Road in the heart of Shimla, officials said.The blast occurred at the Himachali Rasoi restaurant, known for serving Himachali cuisines, located in Middle Bazaar just below the Mall Road and four to six shops have been damaged, they said. The intensity of the blast was such that windowpanes of several shops and houses in the vicinity were broken, and the sound was heard miles away. As the spot is just a few metres away from the fire station and the police control room, a fire fight operation was launched swiftly.
Bangladesh is set to launch three major infrastructure projects, including a power plant, under India's financial assistance in September, a senior official said on Tuesday after the Indian High Commissioner here called on the country's Prime Minister Sheikh Hasina. Indian High Commissioner in Dhaka Pranay Verma called on Prime Minister Hasina at her Ganobhaban official residence and discussed issues such as the Taka-Rupee exchange system between Bangladesh and India, connectivity, and ongoing projects under the Indian Line of Credits and grants.
DMK president and Tamil Nadu Chief Minister M K Stalin on Tuesday highlighted the opposition unity ahead of the 2024 Lok Sabha elections and said the coming year will see the emergence of a "new India." While the maiden meeting of opposition parties, that met in Bihar capital Patna in June saw the participation of 16 political parties, it grew to 26 in the just concluded two-day Bengaluru conclave, he said. The DMK chief was addressing reporters upon his arrival from Bengaluru where he had attended the two-day event, which saw the participation of top national leaders including Sonia Gandhi, Rahul Gandhi, Mamata Banerjee and Arvind Kejriwal.
"You all know mood of nation is in NDA's favour, global powers also believe people's mandate is for our alliance" he said. "I can tell you with full confidence that NDA will come to power in 2024 as people know its chemistry and history." he told allies.
NDA had about 38 percent vote share in 2014 and 45 percent in 2019, it will get over 50 per cent of votes in 2024: PM Modi at NDA allies meeting in New Delhi.
We are not only working for present, but also striving to make future better: PM Modi
In the third term of NDA, India will become the third largest economy: PM
Today, the poor, middle class, youth, women, tribals all trust NDA: PM Modi
Congress used alliances in the 90s to bring instability in the country. Congress formed governments and also destroyed them. During this time, in 1998, NDA was formed. Why was NDA formed? To gain power? NDA was not formed to throw any government out of power but to bring stability in the country: PM Modi during meeting of NDA allies in Delhi.
Politics can have rivalry, not enmity; but opposition abuses us and tries to run us down: PM Modi
We have thrown out middlemen who used to roam around in corridors of power before 2014: PM Modi
NDA always pursued positive politics even when in opposition, we never took help of foreign powers, says PM Modi at NDA allies meeting in New Delhi.
NDA was not formed in opposition to any party but to bring stability to country: PM Modi
NDA is not an alliance of compulsion but of contribution. No party is big or small in this alliance: PM Modi
NDA's ideology puts security of nation, progress, empowerment of people ahead of everything else: PM Modi
Prime Minister Narendra Modi while addressing NDA Meeting in New Delhi said, "NDA means N=New India, D=Development, A=Aspiration."
"NDA is dedicated for the people and the country. NDA's ideology is security of the nation first, progress first, empowerment of the people first," said the PM.
NDA is beautiful rainbow of regional aspirations, the PM added.
An aircraft carrying Congress leaders Sonia Gandhi and Rahul Gandhi makes an emergency landing in Bhopal due to bad weather
Delhi Chief Minister Arvind Kejriwal and LG V K Saxena are expected to meet on Wednesday to decide on the appointment of the chairperson of the Delhi Electricity Regulatory Commission, officials said. The Supreme Court had on Monday asked the two constitutional functionaries to rise above "political bickering" and discuss who could head the national capital's power regulator. The court will take up the issue for consideration again on Thursday. The meeting between the LG and the chief minister could not take place so far as Kejriwal was in Bengaluru to attend a meeting of non-BJP opposition parties.
