Over 250 employees of B9 Beverages, the company behind Bira 91 craft beer, have called for a change in the company’s leadership and the removal of founder Ankur Jain from management.The employees sent a petition to the company’s board, major investors including Kirin Holdings and Peak XV Partners, and the largest lender, Anicut Capital. The…
The organised gold loan market is projected to touch Rs 15 lakh crore by March 2026 — a full year ahead of earlier forecasts — as banks tighten their dominance and expand faster than non-banking financial companies (NBFCs), according to a report by rating agency Icra.The agency had earlier estimated in September 2024 that the…
Net inflows into equity mutual funds moderated for the second consecutive month in September, standing at Rs 30,421 crore, data from the Association of Mutual Funds in India (AMFI) showed on Friday. This represents a 9 per cent decline from August’s Rs 33,430 crore and remains well below July’s record Rs 42,703 crore, PTI reported.Despite…
Traders in Delhi are set for a brighter Diwali as the city government, led by Chief Minister Rekha Gupta, has disbursed Rs 694 crore in GST refunds pending since 2019, out of a total due of Rs 1,600 crore, PTI reported.The refund process has accelerated in recent months, with a record Rs 227 crore paid…
A months-long calm on Wall Street shattered on Friday after President Donald Trump threatened to sharply raise tariffs on China, triggering a broad market sell-off and pushing the S&P 500 toward its steepest loss since April.The S&P 500 slid 2%, while the Dow Jones Industrial Average plunged 622 points and the Nasdaq composite fell 2.7%,…
The rupee strengthened by 7 paise to close at 88.72 against the US dollar on Friday, buoyed by positive domestic market trends and a broad decline in crude oil prices, PTI reported. Forex traders said the central bank’s intervention also provided support, although a firm US dollar capped sharper gains.The rupee opened at 88.80 and…
India and South Korea have agreed to explore joint initiatives in the fields of electronics, electric vehicle (EV) components and trusted digital supply chains, the commerce ministry said on Friday.The discussions took place between Minister of State for Commerce and Industry Jitin Prasada and his Korean counterpart Yeo Han-Koo on the sidelines of the G20…
Central banks around the world are increasing the percentage of gold reserves in their overall foreign exchange reserves. (AI image) Gold is on a record-breaking spree – even by its safe haven standards! Gold prices have been rising to new lifetime highs both in the domestic and international markets – smashing records with a bull…
Silver rate today: Silver prices surged sharply in Delhi on Friday, jumping Rs 8,500 to close at a record Rs 1,71,500 per kilogram, driven by robust safe-haven demand and ongoing supply constraints in global markets.The All India Sarafa Association reported that silver had closed at Rs 1,63,000 per kilogram on Thursday. Over the past three…
The US Internal Revenue Service (IRS) has announced the new federal income tax brackets and standard deductions for 2026, offering some relief to Americans as they prepare for next year’s tax returns.The IRS usually makes these adjustments in October or November to prevent what’s known as “bracket creep.” This occurs when inflation pushes taxpayers into…
