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BusinessGold prices dropped sharply by 4%, hitting a seven-week low due to rising oil prices that increased inflation concerns and expectations of tighter monetary policy. A stronger dollar and higher Treasury yields also pressured gold. Spot gold fell to its lowest since early August. Other precious metals like silver, platinum, and palladium also saw significant price declines.
ET Markets·3h ago
PoliticsIn the Renukaswamy murder case involving Kannada actor Darshan Thoogudeepa, accused-turned-approver Pradoosh S Rao recorded part of his statement before a Bengaluru court on Monday. He detailed his meeting with Darshan and the events leading to Renukaswamy's brutal murder near a stormwater drain in west Bengaluru on June 9, 2024. The case involves multiple arrests and a 3,991-page charge sheet.
Deccan Herald·23m ago·Bengaluru
WorldBharatiya Vidya Bhavan, Bengaluru Kendra, is celebrating its 60th anniversary with a series of events from October 2 to 4. Highlights include 'Karnataka Nudi Thota,' a literary festival promoting minority languages like Tulu, Konkani, Beary, and Kodava; 'Chitra Bharati,' featuring over 50 artists from 13 states; and 'Sangeetavani,' showcasing diverse musical forms. A commemorative volume on the Bhavan's history will also be published.
Deccan Herald·19m ago·Bengaluru
PoliticsUS President Donald Trump stated on Monday that the United States would win its war with Iran "very soon." He predicted that gas prices would fall and oil prices would drop sharply once the conflict ends. Meanwhile, mediators are working behind the scenes to revive diplomacy between Washington and Tehran.
Times of India·49m ago
PoliticsPope Leo called on Russia and Ukraine to sit down and discuss ending their four-year war. Speaking after a trip to France, he criticized leaders discussing nuclear weapons and destructive wars. The pope emphasized the Catholic Church's duty to promote peace, human dignity, and redirect spending from weapons to health and education.
NDTV World·1h ago
TechnologySiMa.ai, a US-India AI platform company specializing in physical AI, has secured $150 million in funding at a $1.4 billion valuation. This latest round brings its total capital raised to $500 million. The company plans to scale its next-generation AI silicon technology for use in robotics, drones, and automotive applications.
TOI Business·33m ago
ET Markets·3h ago
Gold prices dropped sharply by 4%, hitting a seven-week low due to rising oil prices that increased inflation concerns and expectations of tighter monetary policy. A stronger dollar and higher Treasury yields also pressured gold. Spot gold fell to its lowest since early August. Other precious metals like silver, platinum, and palladium also saw significant price declines.
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