Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself

Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger

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Hawkish Fed Comments on Inflation Landed Right at Both Metals’ Supply Zones, and the Correction Wrote Itself

Macro Snapshot: The correction in gold and silver during the week ending August 28 was a confluence event. Both metals had rallied into well-defined supply zones (gold at ₹162,000-164,000, silver at ₹244,000-248,000) and were showing early signs of exhaustion. Into that setup, the July PCE release on August 26 came in hot on the headline (3.7% year over year against 3.6% consensus), and Federal Reserve Chair Kevin Warsh’s August 28 Jackson Hole address leaned decisively hawkish on inflation. The trigger

Read More »

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Rajesh Exports’ Profit Increases in 2018-19

(By Evaluate Research) Bengaluru: Rajesh Exports reported increased profitability for the financial year ended March 2019. For the full year, EPS increased by 2.1% to Rs.43.77 vs. Rs.42.87 in FY03/2018, while net profit also increased by 2.1% from Rs.12.6 bn in FY2018 to Rs.12.9 bn in FY03/2019. Reduction in finance costs by 18% to Rs.4.4 bn in FY2019 as compared

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Mithali Raj Unveils Rio Tinto’s Jewellery Collection

Bengaluru: Rio Tinto has partnered with Indian retailer Joyalukkas to launch an exclusive collection of jewellery made with diamonds from its Argyle mine in Western Australia. This exclusive range of bridal and fashion jewellery known as a Joyalukkas “Limited Edition” Eleganza collection is available at selected stores throughout India. Mithali Raj, captain of the Indian women’s cricket team and the

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PGI India Launches New Digital Campaign for Brides

Mumbai: A marriage is a new beginning, especially for the bride as she plunges into a new phase of her life tuning herself to a new atmosphere, fostering newer relationships, embarking on a fresh journey and adapting to multiple roles. For a bride, there are several moments of mixed emotions happiness on one hand & awkwardness on the other. All

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GJ Sector Committed in Building Mr. Modi’s New India

Mumbai: The Hon’ble Prime Minister Mr. Narendra Modi had made his vision clear about building a New India after a thumping win in the Lok Sabha election. The BJP and alliances has come in power with full majority for the second time and this shows the people of India wants change and has taken the pledge to stand with Prime

Read More »

Rajesh Exports’ Profit Increases in 2018-19

(By Evaluate Research) Bengaluru: Rajesh Exports reported increased profitability for the financial year ended March 2019. For the full year, EPS increased by 2.1% to Rs.43.77 vs. Rs.42.87 in FY03/2018, while net profit also increased by 2.1% from Rs.12.6 bn in FY2018 to Rs.12.9 bn in FY03/2019. Reduction in finance costs by 18% to Rs.4.4 bn in FY2019 as compared

Read More »

Mithali Raj Unveils Rio Tinto’s Jewellery Collection

Bengaluru: Rio Tinto has partnered with Indian retailer Joyalukkas to launch an exclusive collection of jewellery made with diamonds from its Argyle mine in Western Australia. This exclusive range of bridal and fashion jewellery known as a Joyalukkas “Limited Edition” Eleganza collection is available at selected stores throughout India. Mithali Raj, captain of the Indian women’s cricket team and the

Read More »

PGI India Launches New Digital Campaign for Brides

Mumbai: A marriage is a new beginning, especially for the bride as she plunges into a new phase of her life tuning herself to a new atmosphere, fostering newer relationships, embarking on a fresh journey and adapting to multiple roles. For a bride, there are several moments of mixed emotions happiness on one hand & awkwardness on the other. All

Read More »

GJ Sector Committed in Building Mr. Modi’s New India

Mumbai: The Hon’ble Prime Minister Mr. Narendra Modi had made his vision clear about building a New India after a thumping win in the Lok Sabha election. The BJP and alliances has come in power with full majority for the second time and this shows the people of India wants change and has taken the pledge to stand with Prime

Read More »

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