National News
Titan names Ajoy Chawla as new Managing Director
Ajoy will be taking over from C. K. Venkataraman, who has worked as managing director since October 2019 and will retire on December 31, 2025.
The Chief Executive Officer (CEO) of Titan’s jewellery division Ajoy Chawla will succeed C K Venkataraman as the Managing Director of the company with effect from January 1, 2026.
Venkataraman had joined Titan in 1990 and became the Managing Director on October 1, 2019. In October 2019, Chawla became the CEO of Titan’s jewellery division. Under his leadership, the jewellery division has grown 2.5X in sales and profits and reinforced its market and thought leadership,
National News
Gold Holds Steady On MCX As Middle East Tensions Cloud Market Direction
Bullion Trades Range-Bound As Strait Of Hormuz Uncertainty Fuels Inflation FearsÂ
Gold prices were largely unchanged at the open on India’s Multi Commodity Exchange (MCX) on Tuesday, as investors weighed persistent geopolitical tensions in the Middle East against shifting expectations for global monetary policy.
The MCX gold May futures contract edged up 0.01% to Rs. 1,52,417 per 10 grams in early trade, while silver for May delivery declined 0.55% to Rs. 2,51,160 per kilogram. The muted start followed a cautious global tone, with bullion markets struggling to find direction amid conflicting macro signals.
Internationally, spot gold held above the $4,800-an-ounce mark in early trading but later slipped about 0.5%, even as crude oil prices fell nearly 1%. Spot silver also weakened, dropping roughly 1%. The divergence underscores a market caught between safe-haven demand and rising concerns over tighter financial conditions.
Investor sentiment remains tethered to developments around the Strait of Hormuz, a critical artery for global energy supplies. Escalating tensions in the region have fueled fears of a prolonged disruption, amplifying inflationary pressures at a time when central banks are already navigating a delicate policy balance.
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