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Gold Prices Hold High in India, Fed and U.S.-Iran Deal Keep Bullion Unsettled
New Delhi, June 17, 2026, 16:38 IST Gold prices in India held steady at high levels on Wednesday. Bullion’s two-day rebound pushed retail rates to some of the highest in recent sessions, and traders were looking to the Federal Reserve for what comes next. Oil is down and some inflation fears have faded after the U.S.-Iran peace deal, but precious metals have stayed volatile. Timing is still in play. Gold tends to move up when markets see rates dropping since gold doesn’t pay interest—bonds and deposits do. (Reuters) Spot gold was steady at $4,323.50 an ounce at 0852 GMT. Prices
UCO Bank climbs after SAMCO analyst stays bullish on sub-₹50 stocks; Ola Electric risk lingers
Mumbai, June 17, 2026, 15:34 IST UCO Bank shares jumped more than 7% in late trade Wednesday. The move put UCO Bank at the front of a group of lower-priced Indian stocks after a technical analyst backed the state-run lender along with Central Bank of India and Ola Electric Mobility. Business Standard’s quote page pegged UCO Bank at ₹28.31 on the BSE at 3:15 p.m., up 7.48%. Data from Moneycontrol showed the stock hit ₹30.04 earlier in the day. (Business Standard) Indian stocks finished higher for the fourth day in a row. The Nifty topped 24,050, and the Sensex ended
Vedanta Aluminium shares drop after listing, raising questions about Vedanta demerger value
Mumbai, June 17, 2026, 14:40 IST Vedanta Aluminium Metal Ltd touched its lower circuit for the third session in a row Wednesday, as the stock again hit the exchange-imposed daily limit before trimming some of its losses. That marks a shaky opening for the largest of Vedanta’s recent spin-offs to hit the market. The stock opened at ₹447.56, climbed to ₹488.75, then changed hands at ₹465.60, off 1.17% as of 14:37 IST, according to Upstox. Shares hit the NSE on Monday at ₹522 before ending that day at ₹495.90. Wednesday’s low put the stock nearly 14% below its listing price.
Director of Shah Batteries held in Telangana for alleged ₹98.47 crore GST credit scam
Hyderabad, June 17, 2026, 13:53 IST Shah Batteries director T.A. Aamir Hasan has been arrested by the Telangana Commercial Taxes Department for allegedly claiming ₹98.47 crore in fake input tax credit under the Goods and Services Tax, Deccan Chronicle reported, citing the authorities. The report said Hasan was brought before a court and sent to judicial custody. (Deccan Chronicle) Input tax credit is a big issue in GST since it’s core to how businesses handle cash flows. ITC allows a company to reduce tax on sales by the amount of GST they already paid on purchases.
Crypto PAC money draws focus to Barry Moore’s Senate runoff in Alabama
MONTGOMERY, Alabama, June 16, 2026, 18:03 CDT Crypto PAC spends over $12M on Alabama Senate runoff A crypto-funded political action group has pushed more than $12 million behind Rep. Barry Moore as Alabama’s GOP Senate runoff heads into its last hour Tuesday, bringing a wave of outside cash into the race. Defend American Jobs disclosed $7.4 million spent on media for Moore ahead of the May primary and $4.7 million more before the runoff, Cointelegraph reported via TradingView.
Gold and silver drop in India as US-Iran deal moves rate, oil sentiment
NEW DELHI, June 17, 2026, 03:34 IST Gold and silver prices in India slipped on Tuesday as sellers took profits after the U.S.-Iran peace deal cut safe-haven demand. August gold futures on MCX dropped around 200 rupees to 152,740 rupees per 10 grams. July silver futures traded 2,200 rupees lower at 249,330 rupees per kg, Aaj Tak said. In the spot market, 24-carat gold was down 550 rupees to near 150,000 rupees per 10 grams. Silver was quoted 4,400 rupees down at 247,000 rupees per kg. (AajTak) Gold traders are dealing with mixed signals. Sellers stepped in on India’s market
Celebi: India ban wiped out up to $500 million after Operation Sindoor
NEW DELHI, June 17, 2026, 02:33 IST Turkey’s Celebi Aviation says it lost up to $500 million in business value after India last year pulled its airport security clearance, setting a figure on what may be the biggest corporate blow linked to the India-Pakistan dispute that followed Operation Sindoor. Celebi Holding chairperson Canan Celebioglu told Bloomberg HT the company lost access to businesses developed over almost 20 years after Indian authorities acted against its local subsidiaries in May 2025.
Nadella: AI Models Risk Gutting Industries Without Broader Ecosystem
Redmond, Washington, June 17, 2026, 01:03 PKT. Microsoft CEO Satya Nadella says building artificial intelligence can’t just be about a few big models. He wants companies to focus on building broader ecosystems for AI, ones that work across sectors and regions. In comments posted by NDTV and The Economic Times’ ETCIO, Nadella said what matters now is a “frontier ecosystem, not just a frontier model,” adding that firms should control their own learning loop and hold on to what makes them unique. (www.ndtv.com) Nadella didn’t hold back.
KSEB Holds Course on Battery Storage, Says It’s Working on Consumer Service
Thiruvananthapuram, June 17, 2026, 00:35 IST Kerala Electricity Minister Sunny Joseph told Kerala State Electricity Board to put more weight on battery storage and work on consumer service, The Hindu reported. Joseph said the board should get better at access and efficiency, especially on monsoon plans. Power cuts, low voltage, and billing troubles hit many in Kerala during the rainy season. (WeRIndia) KSEB plans to add battery storage to its grid, according to a filing with the Kerala State Electricity Regulatory Commission.
Noida Airport Starts Up With First Flights, Food Stalls and Questions About Delhi Transport
NOIDA, June 16, 2026, 23:33 (IST) Noida International Airport started scheduled flights this week at Jewar, moving from years of promises to actual operations. The first passengers went through the terminal, exposing both the airport’s scale and some immediate issues on the ground. IndiGo said it was the first airline in the National Capital Region to operate at the new airport on June 15, landing a flight from Lucknow and then taking off for Bengaluru.


















