Silver Crashes 9% in Trade
Your daily dose of business news
🗞️ Men’s Jewellery Market Grows 25–30% in India
India’s men’s jewellery market is growing at 25–30%, driven by changing consumer preferences and rising disposable incomes.
The segment is emerging as a key growth driver within the broader jewellery industry.
💬 Expert Take — “The rise of men’s jewellery reflects evolving consumption trends and signals a broader shift in lifestyle-driven spending.”
🗞️ India Crosses 1 Billion Tonne Coal Production
India has achieved a 1 billion tonne coal production milestone, reinforcing its energy security.
The achievement ensures stable power supply and reduces dependence on imports.
🗞️ Govt Expands Credit Guarantee Scheme for MSMEs
The government has modified the credit guarantee scheme to better support MSME manufacturers and exporters.
The move aims to improve access to credit and boost small business growth.
🗞️ Jan Aushadhi Kendras Expand Access to Affordable Medicines
Over 18,646 Jan Aushadhi Kendras are now providing affordable generic medicines across India.
The initiative strengthens healthcare accessibility and reduces out-of-pocket expenses.
🗞️ India’s MRO Sector to Reach ₹53,392 Cr by 2030
India’s MRO services sector is projected to reach ₹53,392 crore by 2030.
The growth is driven by expanding aviation demand and increasing aircraft fleet size.
🗞️ Tata Steel Inaugurates Scrap-Based Electric Arc Furnace
Tata Steel has launched its first scrap-based electric arc furnace with a ₹3,200 crore investment.
The move supports sustainable steel production and aligns with decarbonisation goals.
💬 Expert Take — “Electric arc furnaces mark a critical shift toward greener steel manufacturing, reducing emissions and improving efficiency.”
🗞️ Silver Hits Lower Circuit, Falls 9%
Silver futures hit the lower circuit, plunging 9% amid weak global cues.
The sharp fall reflects volatility in commodity markets driven by global uncertainties.
🗞️ LPG Tankers Continue Through Strait of Hormuz
Two more Indian-flagged LPG tankers are set to pass through the Strait of Hormuz, ensuring continued energy supply.
The development comes amid geopolitical tensions in the region.
📊 Market Update (Today)
📉 Sensex: 72,696.39 ▼ 1,836.57 pts (–2.46%)
📉 Nifty 50: 22,512.65 ▼ 601.85 pts (–2.60%)
🪙 Gold (per gram): 24K ₹13,565 ▼ ₹1,032 | 22K ₹12,435 ▼ ₹945
🥈 Silver (per kg): ₹2,30,000 ▼ ₹15,000