Author: Lucas

New Delhi, Jan 23 (PTI) Swan Defence and Heavy Industries (SDHI) on Friday said it has bagged a USD 227 million (around Rs 2,080 crore) contract from Europe-based Rederiet Stenersen AS.     The company has received the order to manufacture and supply six 18,000 DWT (deadweight tonnage) IMO Type II chemical tankers from its shipyard in Pipavav, Gujarat.    Swan Defence and Heavy Industries, in a statement, said the order valued at USD 227 million is one of India’s largest single commercial shipbuilding orders and the first chemical tanker order placed with an Indian shipyard.    The contract bagged from European shipowner Rederiet Stenersen AS…

Gold price (XAU/USD) extends the rally to around $4,950 during the early Asian session on Friday. The precious metal gains momentum as geopolitical risk and threats to the US Federal Reserve’s (Fed) independence boost the safe-haven demand. The yellow metal is set to reach a fresh all-time high and is on track for a weekly gain of more than 7%. Traders flock to traditional safe-haven assets such as Gold after tensions in Venezuela, Iran and Greenland. Additionally, traders await US President Donald Trump’s pick for the next Fed Chair to succeed Jerome Powell. A more dovish chair would increase bets on further…

When we say that someone is a “fish out of water,” we sometimes mean to suggest that they are uncomfortable or out of their element. Yet in nature, there are fish supremely adapted to life outside of water. These are amphibious fish-species that have evolved strategies to survive in both aquatic environments and on land. Of these, the mudskipper is arguably the most competent land-dweller, often fuzzing the line between fish and terrestrial animal.Mudskippers not only survive on land but also feed, socialise, defend territory, and even reproduce on land. Their study provides a rare window for scientists into one…

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Celebration, FL, Jan. 22, 2026 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a real estate and PropTech enterprise, today announced that it will effect a 1-for-10 reverse split (“reverse stock split”) of its shares of common stock that will become effective on January 26, 2026 at 12:01 a.m. (Eastern Time). La Rosa’s common stock will continue to trade on Nasdaq under the symbol “LRHC” and will begin trading on a split-adjusted basis when the market opens on January 26, 2026. The new CUSIP number for the common stock following the reverse stock split…

Savers are being urged to shop around and move fast if they want to get hold of one of the competitive deals still available. These include one-year fixed-rate savings bonds paying up to 4.35% and an easy-access account with a rate of 4.5%.The impact of the Bank of England’s pre-Christmas interest rate cut – the sixth reduction since August 2024 – has been making itself felt, with reductions to rates on many savings accounts. But some best-buy savings rates have arguably held up better than one might have expected.“January is the ideal time for savers to set new financial goals…

Platinum extended its rally on Friday (January 23) and climbed to an all-time high, as investors increased exposure to precious metals amid rising geopolitical tensions and growing uncertainty around US economic and policy direction.Spot platinum rose 0.4% to $2,639.40 per ounce by 0358 GMT, after touching a record $2,684.43 an ounce earlier in the session. Analysts said the move reflects weakening confidence in US assets, prompting a shift toward hard assets. “Faith in the US and its assets have been shaken, maybe permanently, and this is driving money into precious metals,” said Kyle Rodda, senior market analyst at Capital.com.Dollar weakness…

Last Updated:January 23, 2026, 08:30 ISTExperts caution that younger investors to wait for a correction rather than entering at a high price. Long-term investors should focus less on timing and more on allocationThe sustainability of silver’s rally depends on whether demand drivers remain intact and whether supply responds meaningfully.Silver crossing the Rs 3 lakh per kg mark in India is not just another price update on the commodities ticker. It is a psychological threshold that tends to change behaviour among traders chasing momentum, investors reassessing allocations, and even households that viewed silver as both jewellery and asset.Unlike gold, whose price…

Stock market today: The Indian stock market closed on Thursday with a cautiously positive undertone, as benchmarks staged a relief-led rebound on improving global sentiment. Easing trade-related fears and supportive Asian cues encouraged selective risk-on positioning, driving broad-based participation across banking, autos, IT and metals, with mid- and small-caps also joining the recovery. However, the tone remained partially restrained by sustained weakness in the Indian rupee, reflecting continued dollar demand. However, markets drew comfort from the fact that the RBI is closely monitoring the pace of depreciation rather than defending any specific level, reinforcing confidence in a calibrated and orderly…

Iran’s central bank appears to have been using vast quantities of a cryptocurrency championed by Nigel Farage, according to a new report.Elliptic, a crypto analytics company, said it had traced at least $507m (£377m) of cryptocurrency issued by Tether – a company touted by the Reform UK leader – passing through accounts that appear to be controlled by Iran’s central bank.Elliptic’s report tracked what it says is the Iranian central bank’s “systematic accumulation” of Tether stablecoins, a type of crypto that is pegged to the dollar so it can easily be exchanged for hard currency.This pointed to “a sophisticated strategy…