Gold, Silver Rates Steady Ahead of Fed Meeting

Gold and silver prices hold steady as markets await US Federal Reserve's decision on interest rates. Analysts expect rates to remain unchanged, with gold technicals showing downside bias.

Rupee hits 94.57, closes at 94.54; Sensex, Nifty fall

The rupee touched a low of 94.57 per dollar on Tuesday, its weakest since March 30, before closing at 94.54. Sensex fell 0.5% to 76,887 and Nifty declined 0.4% to 23,995, pressured by higher crude oil prices and RBI's credit-loss guidelines.

Centre Revives IDBI Bank Stake Sale, Fresh Valuation

The government has revived the strategic sale of its and LIC's stake in IDBI Bank after bids were rejected. A fresh valuation is being undertaken, and officials are deciding whether to limit the process to existing bidders or start anew.

Patanjali to Set Up Largest Orange Processing Cluster in Nagpur

Patanjali Group will develop an orange processing cluster in Nagpur's Mihan project, backed by government subsidy. The Rs650 crore project aims to cover 21,000 hectares across three districts, supplying extracts to pharma, cosmetics, and food industries.

Pithampur Industry Body Seeks Probe into Waste Fire

Pithampur Audhyogik Sangathan demands a high-level investigation into a recent fire at a hazardous waste unit that spread to four factories, highlighting safety gaps in Madhya Pradesh's largest industrial belt.

Fire at Bhiwadi Rubber Plant, No Casualties

A major fire erupted at Crown Rubber Plant in Bhiwadi's industrial area on Tuesday evening, likely due to a short circuit. Five fire tenders are battling the blaze, which destroyed finished rubber goods and caused heavy financial losses.

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