Prime Minister Narendra Modi Advises Against Gold Purchases and Overseas Travel Amid Economic Shifts Prime Minister Narendra Modi reiterated his call for citizens to avoid buying gold and refrain from overseas travel, emphasizing the need to prioritize domestic consumption and economic stability. His remarks, delivered during a video address on September 1, 2026, came amid fluctuating global gold prices and rising inflationary pressures. Modi urged Indians to channel their resources toward local industries and avoid unnecessary expenses, framing these decisions as critical steps toward achieving a self-reliant and prosperous India by the centenary of independence. The directive followed recent government measures to curb gold imports, which had been increased from 6% to 15% to stabilize the economy. Modi highlighted the importance of reducing reliance on foreign goods, particularly in the wake of global economic uncertainties, including the Iran-U.S. conflict and its impact on crude oil prices. He also stressed the need to protect India’s foreign exchange reserves and maintain the value of the rupee. Modi’s address included six key recommendations aimed at conserving resources and fostering domestic growth. These included promoting work-from-home policies to reduce fuel consumption, prioritizing online meetings to cut travel costs, minimizing the use of fossil fuels by adopting electric vehicles, restricting non-essential overseas travel, limiting gold purchases to emergencies, and maximizing public transportation to reduce traffic congestion. The advice coincided with a surge in gold prices in Kerala, where the price of 24-carat gold rose by ₹10 per gram to ₹11,815, and 18-carat gold climbed to ₹9,205.#kerala #prime_minister_narendra_modi #shanghai_cooperation_organization #kalyan_jewellers #pc_jewellers
Q1 Financial Results: Bosch's Profit Drops 36.7%, PC Jewellers and Others Report Strong Performance On August 10, 2026, a wave of quarterly financial results from major Indian companies highlighted both challenges and successes across sectors. The day saw multiple firms release their FY27 Q1 results, with notable fluctuations in profits and revenues. Bosch, a key player in the manufacturing sector, reported a 36.7% decline in its consolidated net profit to ₹706.1 crore for the quarter, compared to ₹1,116.1 crore in the same period the previous year. However, its operational revenue rose 22% year-over-year to ₹5,841.9 crore. PC Jewellers emerged as a standout performer, with its net profit surging 37.21% to ₹222.18 crore, up from ₹161.93 crore in Q1 FY26. The company's revenue also increased 21% to ₹877.04 crore. Meanwhile, Transrail Lighting reported a 31.9% jump in net profit to ₹7.82 crore, while Precision Wires saw a dramatic 72% rise in profit to ₹46.5 crore, alongside a 60% revenue growth to ₹1,770 crore. Other companies showed mixed performances. Zee Entertainment Enterprises reported a 46.9% drop in net profit to ₹76.3 crore, compared to ₹143.7 crore in Q1 FY26, though this marked improvement from a previous quarter's loss. Gland Pharma's net profit grew 47% to ₹317 crore, with revenue rising 20% to ₹1,800 crore. CMR Green Tech's revenue surged 65% to ₹3,123 crore, while its net profit increased 16% to ₹61 crore. RedTape and Patel Engineering also reported positive trends, with net profits rising 15% and 22%, respectively. However, Bharat Forge faced a significant setback, recording a net loss of ₹89.88 crore in Q1 FY27, compared to a loss of ₹283.87 crore in the same period the previous year. Hindustan Copper, on the other hand, saw an extraordinary 162.#bosch #pc_jewellers #transrail_lighting #precision_wires #zee_entertainment_enterprises
