Latest news with #Mallya
Time of India
3 days ago
- Business
- Time of India
Gold market outlook: Prices to stay firm next week; risk aversion, weak dollar to fuel gains
Representative image Gold prices are expected to remain firm in the upcoming week, supported by heightened global risk aversion, sustained weakness in the US dollar index, and a series of trade-related developments as key supporting factors, analysts said. They further added that investors will be focusing on key US data releases, including Consumer Price Inflation (CPI) and retail sales figures, which could offer further cues for bullion prices. Jateen Trivedi, VP, research analyst, commodity and currency at LKP Securities, said gold is likely to remain strong as long as it stays above Rs 97,000 per 10 grams on the MCX. 'Renewed trade tariff jitters and continued weakness in the dollar index are amplifying global risk aversion, prompting a shift away from risky assets toward safe-haven instruments like bullion,' Trivedi said, adding that a weak rupee may further support the upward trajectory of the yellow metal's price. Last week, the yellow metal futures for August delivery rose Rs 842, or 0.86 per cent, on the Multi Commodity Exchange (MCX). Hareesh V, head of commodity research at Geojit Investments, said gold started the week on a weaker note as easing tensions between Israel and Iran, along with stronger-than-expected US non-farm payroll data, dampened safe-haven demand. However, prices rebounded after US President Donald Trump imposed fresh tariffs ranging from 35 to 50% on Canada and Brazil, reigniting fears of a trade war and lifting bullion demand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esta IA está generando ingresos (Ver más) Finanzas y economía Empieza ahora Undo Traders are also watching the ongoing negotiations between India and the US for a potential trade deal, which could influence market sentiment, Hareesh V said, quoted by PTI. Prathamesh Mallya, DVP, Research, Non-Agri Commodities and Currencies at Angel One, said gold prices have surged nearly 3 per cent on the MCX, rising from Rs 94,951 per 10 grams on June 27 to Rs 97,830 on July 11. Internationally, Comex gold futures have jumped around 2.8% over the same period. Mallya attributed the gains to the Trump administration's aggressive tariff stance on commodities like copper, aluminium, and pharmaceuticals. President Trump's signal that the August 1 tariff deadline will not be extended has added to market uncertainty. 'Gold typically performs well during such periods of elevated risk,' Mallya said, projecting a possible move towards $3,500 per ounce and Rs 1,00,000 per 10 grams on the MCX in the near term. On Friday, Comex gold futures for August delivery rose $38.30, or 1.15%, to close at $3,364 per ounce. N S Ramaswamy, head of commodities and CRM at Ventura, said gold's key resistance of $3,360 has been tested and a decisive break could trigger further gains, even as the US dollar remains firm and on a recovery path. Geopolitical tensions, including potential US sanctions on Russia and the threat of more tariffs, could continue to support gold's appeal as a safe-haven asset, Ramaswamy added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Gold likely to trade firm next week on weak dollar, global risks: Analysts
Gold prices are likely to trade firm in the coming week supported by global risk aversion, persistent weakness in the US dollar index, and a flurry of trade-related developments, analysts said. Investors will closely monitor the release of US Consumer Price Inflation (CPI) and retail sale data, which could in turn provide more direction for the bullion prices, they added. Jateen Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities, said gold is expected to trade strong in the coming week as long as it sustains above Rs 97,000 per 10 grams on the MCX. "Renewed trade tariff jitters and continued weakness in the dollar index are amplifying global risk aversion, prompting a shift away from risky assets toward safe-haven instruments like bullion," Trivedi noted, adding that a weak rupee could further aid upside momentum in the gold prices. Last week, the yellow metal futures for August delivery climbed Rs 842, or 0.86 per cent, on the Multi Commodity Exchange (MCX). Hareesh V, Head of Commodity Research, Geojit Investments, said the yellow metal started the week on a weaker note as easing tensions between Israel and Iran and better-than-expected US non-farm payrolls data dampened safe-haven demand. However, prices rebounded after US President Donald Trump imposed fresh tariffs ranging between 35 and 50 per cent on Canada and Brazil, reviving concerns of a full-blown trade war and boosting bullion demand. Traders are closely watching the ongoing negotiations between India and the US over a potential trade deal, which could influence sentiment, Hareesh V added. According to Prathamesh Mallya, DVP, Research, Non-Agri Commodities and Currencies at Angel One, gold prices have surged nearly 3 per cent on the MCX, rising from Rs 94,951 per 10 grams on June 27 to close on Rs 97,830 per 10 grams on July 11. Meanwhile, Comex gold futures in the international markets have jumped nearly 2.8 per cent in the same period. Mallya attributed the gains to the Trump administration's aggressive tariff measures on commodities, including copper, aluminium, and pharmaceuticals. President Trump's indication that he will not extend the August 1 tariff deadline has intensified market uncertainty. Gold typically performs well during such periods of elevated risk, Mallya said, projecting a possible move toward USD 3,500 per ounce and Rs 1,00,000 per 10 grams on MCX in the near term. On Friday, Comex gold futures for August delivery rose USD 38.30, or 1.15 per cent, to close at USD 3,364 per ounce. N S Ramaswamy, Head of Commodities and CRM at Ventura, said gold's key resistance of USD 3,360 has been tested and a decisive break will establish further rally and unlock its potential, despite headwinds of US dollar remaining firm and on recovery path. The geopolitical concerns, including possible US sanctions on Russia and the threat of additional tariffs, could keep the safe-haven appeal of gold intact, Ramaswamy added.
Malay Mail
09-07-2025
- Health
- Malay Mail
Health2Sync and Novo Nordisk Pharma Korea, Ltd. Launch Smart Cap Mallya® for FlexTouch® Insulin Pens Integration in South Korea, Enhancing insulin administration via Digital Diabetes Care
Users can now view their insulin injection details along with blood glucose, diet, and exercise recordings in SugarGenie SEOUL, SOUTH KOREA - Media OutReach Newswire - 9 July 2025 - Health2Sync, Asia's leading digital chronic disease management platform, announced the successful integration of Smart Cap Mallya® for FlexTouch® Insulin Pens data into SugarGenie, its Korean-market diabetes management app. Mallya® enables automatic recording of insulin injection details. This data can be synced directly into a patient's digital health record and shared with healthcare providers via SugarGenie, HealthSync's solution in innovation comes at a critical moment. Managing insulin administration records is a challenging task for both diabetes patients and healthcare professionals. In fact, a multinational survey of diabetes patients receiving insulin treatment and physicians treating diabetes patients found that 27.6% of patients experience difficulty administering insulin at the prescribed time or with meals. In the same study, 54.5% of physicians reported that their patients experience difficulty administering insulin at the prescribed time or with when paired with Health2Sync's connected ecosystem, significantly lowers this burden. Patients using FlexTouch® insulin pens can now have their dosage, time, and frequency data recorded and visualized in real time within the SugarGenie app."This integration is connecting yet another integral part in digital diabetes care," said Ed Deng, CEO and Co-founder of Health2Sync. "By connecting the data of Mallya® to SugarGenie, we're improving accuracy in insulin tracking and expanding the depth of data available to patients and care teams. Our platform enables insulin logs to be viewed alongside blood glucose, meals, and physical activity, offering a full circle understanding of each patient's health context."Deng continued: "For healthcare professionals, this means faster, smarter decisions. Our care provider portal lets clinicians view real-time patient data We're turning disconnected data points into a unified, actionable picture of care, without placing additional burden on patients."SugarGenie's integration with Mallya® supports remote care models and automated record-keeping—an increasingly critical combination for long-term chronic condition management in South Korea. With its clean interface, real-time sync, and care team dashboard, SugarGenie is a key digital infrastructure in Korea's diabetes treatment landscape."Digital healthcare has become a key tool in enhancing the efficiency and convenience of diabetes treatment," said Kasper Roseeuw Poulsen, General Manager of Novo Nordisk Pharma Korea, Ltd.. "For over a century, Novo Nordisk has supported patients through holistic solutions, and our collaboration with Health2Sync is also a continuation of that commitment. We hope this strategic collaboration will help create a more systematic and efficient treatment environment for both patients and healthcare professionals in Korea."Hashtag: #health2sync #diabetesmanagement #digitaltherapeutis #digitalhealth The issuer is solely responsible for the content of this announcement. Health2Sync Founded in 2013, Health2Sync is a leading digital health company in Asia focused on delivering personalized and comprehensive solutions for chronic disease management. Its core offerings include a mobile patient app and a cloud-based analytics platform for healthcare providers, designed to drive measurable improvements in blood glucose outcomes. With the most extensive clinical network in Asia, Health2Sync offers a scalable, data-driven approach to diabetes care. The platform empowers patients with tailored insights, enabling healthcare professionals and caregivers to support them remotely and fostering continuous, collaborative care throughout the entire treatment journey. For more information, please visit About SugarGenie App Health2Sync's SugarGenie app collects biometric information measured by medical devices and transmits it to a platform via encrypted protocols, allowing patient data to be shared with family, caregivers, and healthcare institutions.5 It integrates data such as blood glucose level, blood pressure, weight, and user-inputted dietary and exercise information. It transforms it into visual reports to provide personalized feedback, enable effective communication between patients and healthcare professionals, and monitor real-time health status. As of June 2025, Health2Sync has over 1.5 million users worldwide.
News18
05-07-2025
- Entertainment
- News18
Before Singing Together, Lalit Modi & Chris Gayle Spotted At Vijay Mallya's $14 Mn UK Estate For...
Last Updated: One of the viral moments from Lalit Modi's London party featured him and Vijay Mallya singing Frank Sinatra's I Did It My Way on karaoke. Former Indian Premier League (IPL) commissioner Lalit Modi recently hosted a grand party in London, attended by over 300 guests. The star-studded gathering saw familiar faces, including his longtime associate Vijay Mallya, West Indies cricketer Chris Gayle, and Indian singer Carlton Braganza. A standout moment from the evening that quickly went viral online featured Modi and Mallya performing a karaoke rendition of Frank Sinatra's classic I Did It My Way. The clip has sparked buzz on social media, as it marks a rare public reunion of the two controversial businessmen. Another highlight of the evening was Gayle signing a cricket bat for Lalit. The bat held significance for Modi as it was the one Gayle used to score his record-breaking 175 runs in an IPL match for Royal Challengers Bengaluru in 2013. Modi took to social media to thank Gayle, writing, 'With the man himself the one and only #universeboss Chris Gayle at my home in london for my summer party. Presented me with his bat with which he scored the highest ever total by an individual person in an T20 IPL match in 2013 for the Royal Challengers Bengaluru of 175 runs in just 66 balls. What an inning that was. And he was not out. The greatest entertainer in cricket of all times. I salute him." With the man himself the one and only #universeboss @chrisgayle333 at my home in london for my summer party. Presented me with his bat with which he scored the highest ever total by an individual person in an T20 @iplt20 match in 2013 for the @ of 175… — Lalit Kumar Modi (@LalitKModi) July 3, 2025 Gayle also shared a photo with Modi and Mallya on Instagram Stories. In the caption, he wrote, 'We living it up. Thanks for a lovely evening." A Deja Vu Moment This isn't the first time the trio has been seen together. Just last year, all three were spotted at the grand wedding of Mallya's son, Siddharth Mallya, with Jasmine. The week-long celebration was held at Mallya's $14 million estate in Hertfordshire, UK. The wedding included both Hindu and Christian ceremonies and was attended by several well-known guests including singer Sophie Choudry and fashion designer Manoviraj Khosla. One photo from the wedding showing Mallya and Modi together sparked memes and reactions online at the time. 'Bankrupt' Vijay Mallya hosted his son, Siddharth Mallya's big fat wedding in in a 14 million dollar-estate which is owned by him, a lavish fashion in London. Absconding Lalit Modi and cricketer Chris Gayle were part of the guest why we say #DontRetireRich — Srikanth Matrubai (@SrikantMatrubai) June 30, 2024 Gayle had also shared exclusive glimpses from the festivities including a video of guests dancing to Chaleya from Shah Rukh Khan's film Jawan. The venue itself also drew attention as the property was once owned by Anthony Hamilton, father of Formula 1 champion Lewis Hamilton. Mallya bought the estate in 2015, just before he left India. Legal Troubles Both Modi and Mallya have been facing serious allegations. Modi, who once served as vice president of the Board of Control for Cricket (BCCI), left India in 2010 amid investigations related to financial misconduct, including alleged bid-rigging, unauthorised fund transfers, money laundering and violations of the Foreign Exchange Management Act (FEMA). Mallya, on the other hand, is accused in a bank loan default case of over Rs 9,000 crore linked to his now-defunct Kingfisher Airlines. He moved to the UK in 2016 and was declared a fugitive economic offender in 2019. About the Author Buzz Staff A team of writers at bring you stories on what's creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture. First Published:
NDTV
04-07-2025
- Politics
- NDTV
Watch - "I Did It My Way": Vijay Mallya, Lalit Modi Sing At Lavish UK Party
New Delhi: "And now, the end is near, and so I face the final curtain," sang Frank Sinatra. But the curtains can't seem to fall on fugitive billionaires Lalit Modi and Vijay Mallya who were seen singing together at a lavish private party in London over the weekend. A video clip shared by Mr Modi himself showed the two performing Frank Sinatra's "My Way," as guests looked on in an evening that he described as his "annual summer party." The video, now viral, appears to show the former Indian Premier League (IPL) commissioner and the former liquor baron and airline tycoon sharing laughs and songs in a karaoke session hosted at Mr Modi's residence in the British capital. The gathering, which Modi said hosted over 310 friends and family, included guests who had flown in from several countries. Among the attendees was former Royal Challengers Bengaluru cricketer Chris Gayle, who uploaded an Instagram story featuring a photo of himself with both Mr Modi and Mr Mallya. His caption read: "We living it up. Thanks for a lovely evening," tagging both men. "Had an amazing night with 310 friends and family. A lot who travelled specially for this event. Thank you to one and all who attended this evening and made it one of the most special nights for me... Hope this video doesn't break the internet. Controversial for sure. But that's what I do best," Mr Modi wrote on social media. The Instagram post also thanked musician Carlton Braganza for the karaoke setup and paid tribute to Mr Gayle, referring to the cricketer by his popular nickname, "Universe Boss." View this post on Instagram A post shared by Lalit Modi (@lalitkmodi) Charges Against Lalit Modi, Vijay Mallya Mr Modi, the founding chairman of the Indian Premier League, left India in 2010 amid multiple allegations of financial wrongdoing. The Enforcement Directorate (ED) has pursued several cases against him, including charges related to money laundering, bid manipulation, and violations under the Foreign Exchange Management Act (FEMA). India has repeatedly sought his extradition from the UK, but he remains a British resident. Mr Modi, now 60, has long maintained that the cases against him are politically motivated. Mr Mallya, 68, the former chairman of United Breweries and promoter of the now-defunct Kingfisher Airlines, left India in 2016 amid mounting debts and allegations of fraud. The Indian government declared him a "fugitive economic offender" under the Fugitive Economic Offenders Act. Last week, the UK's High Court rejected an appeal filed by Mr Mallya against a 2021 bankruptcy order. In a social media post last year, Mr Mallya said that authorities in India had seized and restored assets worth Rs 14,131 crore, an amount he claims exceeds the debts attributed to Kingfisher Airlines. "I am still an economic offender. Unless the ED and banks can legally justify how they have taken more than two times the debt, I am entitled to relief which I will pursue," he wrote on X. He also questioned the CBI's continuing fraud case against him over a Rs 900 crore IDBI Bank loan. In response, Mr Modi had replied, "This too shall pass."
