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…
AI image means for representation only The government has opened senior management positions in public sector banks, including State Bank of India (SBI), to private sector professionals, a move aimed at broadening the talent pool for top banking leadership.Under the revised appointment guidelines, one of the four Managing Director (MD) posts at SBI is now…
India’s foreign exchange reserves fell by $276 million to $699.96 billion for the week ended October 3, according to Reserve Bank of India (RBI) data.In the previous week, the country’s forex reserves had declined by $2.334 billion to $700.236 billion, PTI reported.Foreign currency assets, the largest component of the reserves, dropped $4.049 billion to $577.708…
India’s new real-time cheque clearance system, introduced by the Reserve Bank of India to speed up payments, is facing early teething issues.Many customers have reported delays as the bank staff is struggling with new processes, and technical glitches are affecting cheque processing, ET reported.The first phase of the continuous clearing and settlement process under the…
Gold rate today: Gold futures advanced Rs 527 to Rs 1,21,020 per 10 grams in domestic trade on Friday, tracking a firm trend in global markets as investors widened bets on expectations of interest rate cuts by the US Federal Reserve.On the Multi Commodity Exchange (MCX), gold for December delivery gained 0.44%, after retreating from…
South Korean electronics giant LG’s Indian subsidiary is all set to finalise share allotment for its Initial Public Offer (IPO) on October 10, after receiving a strong response from investors. Those you applied for the IPO can check the allotment status by visiting the BSE/NSE or the website of the registrar, KFin Technologies Limited. LGEINDIA…
The Trump administration has made another attempt to ensure fairness for US workers, asking China to bar its airplanes from flying over Russia as it puts American airlines at a disadvantage.The US government on Thursday presented a proposal to stop Chinese airlines from flying over Russia on routes to and from the United States, arguing…
Nayara Energy’s refinery has intensified its railway usage, dispatching two to three trains daily. (AI image) Nayara Energy, the Indian refinery with major Russian ownership, is scrambling to sustain operations after being hit by European Union sanctions. The Russian-owned refinery, facing exclusion from many international markets due to severe EU sanctions implemented on July 18,…
