Sovereign Gold Bonds carry a fixed interest rate of 2.50% per annum. (AI image) Sovereign Gold Bonds returns: With gold prices rallying strongly in the last few years, investors in Sovereign Gold Bonds or SGBs are looking at bumper returns! One such SGB is delivering a whopping return of over 300%!The RBI has released the…
MUMBAI: Mahindra & Mahindra has sold its entire 3.5% stake in RBL Bank for Rs 678 crore, booking a 62.5% gain on its treasury investment made in Jul 2023 for Rs 417 crore. The sale comes weeks before Emirates NBD launches an open offer on Dec 12 to buy shares from public investors at Rs…
The Indian National Space Promotion and Authorization Centre (IN-SPACe) has denied applications from Chinasat and Hong Kong-based operators ApStar and AsiaSat. (AI image) India has started the process of restricting satellite usage linked to Chinese entities for domestic broadcasters and teleporters, as part of its strategy to strengthen security measures against its northern neighbour during…
The divide between domestic and foreign institutional investments in Indian equities has grown to its widest in 25 years, highlighting a clear shift in market participation. As per ET, domestic institutional investors (DIIs) now hold 18.26% of all NSE-listed companies, an increase of 44 basis points in the September quarter — their highest level on…
MCX Gold has shown signs of exhaustion after its recent rally and appears to have some room for a corrective move on the downside. (AI image) Gold and silver price prediction today: Gold prices are showing signs of exhaustion, and traders should adopt a cautious approach, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama…
Market experts indicate that the short-term market trajectory will be influenced by second-quarter financial results and global economic indicators. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Thursday. While Nifty50 went above 25,650, BSE Sensex was up over 300 points. At 9:20 AM, Nifty50 was…
The Federal Aviation Administration (FAA) will reduce air traffic by 10% across 40 of America’s busiest markets from Friday, an unprecedented move to ensure flight safety as the ongoing government shutdown strains air traffic controllers. The announcement, made Wednesday, could affect thousands of flights daily, as the FAA manages more than 44,000 aircraft movements each…
File photo (Picture credit: AP) Asian shares gained on Thursday, recovering some of the previous session’s sharp losses as investor sentiment improved following upbeat US jobs data and a rebound on Wall Street. According to news agency AFP, the rally came after figures from payrolls firm ADP showed that US private sector employment jumped more…
SALT LAKE CITY India has recorded the highest growth in total beverage alcohol (TBA) consumption among 20 global markets for the third consecutive first half-year period, according to data shared exclusively with TOI. As per global alcohol-focused industry research firm IWSR, TBA volume in India grew 7% year-on-year during the January-June period to over 440…
Mumbai: A State Bank of India research report has called for a long-term national gold policy that defines gold’s role, as money or as a commodity, and aligns it with broader financial reforms. The report said such a framework should link to India’s plans for capital account convertibility and encourage investment through the monetisation of…
The case involved an increase in the taxpayer’s income from Rs 3.09 crore to Rs 27.91 crore by the Assessing Officer. (AI image) Imagine getting a tax notice from the Income Tax Department – the tax demand on which is partly a result of purported rulings that AI suggested to tax officials! The use of…
China and the United States have taken steps to cool their trade tensions after a meeting between presidents Donald Trump and Xi Jinping in South Korea last week. The move marks a cautious pause in a dispute that has disrupted global trade and technology ties since 2018.Here is where the two sides now stand on…
The Delhi High Court on Tuesday ruled that expatriates working in Indian companies must become members of the Employees’ Provident Fund Organisation (EPFO) and contribute to the fund regardless of their income levels.The court upheld amendments to the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, as well as the Centre’s 2008 and 2010 notifications…
Danish pharmaceutical giant Novo Nordisk, the maker of obesity drugs Ozempic and Wegovy, lowered its 2025 sales outlook for the fourth time this year on Wednesday after reporting tepid third-quarter results.The company, which appointed Mike Doustdar as CEO in August, now expects full-year sales growth of 8 to 11 per cent, down from a previous…
Logistics company Delhivery on Wednesday announced a consolidated net loss of Rs 50.38 crore for the quarter ending September 2025, compared with a profit of Rs 10.20 crore during the same period last year.The company’s operational revenue for Q2 FY26 rose 16.9% to Rs 2,559.3 crore from Rs 2,189.7 crore in Q2 FY25. Revenue from…
Canada has announced a new accelerated immigration pathway for H-1B visa holders as part of the 2025 Federal Budget, aiming to attract skilled workers and strengthen the country’s innovation and research sectors. The initiative targets professionals affected by the recent US H-1B visa fee increases and seeks to fill labour shortages in healthcare, advanced technology,…
Investors who started a monthly SIP of Rs 10,000 in some of India’s top equity mutual funds 25 years ago would have turned their investments into crores today, according to an analysis by ETMutualFunds. The study covered 36 equity mutual funds that have completed 25 years in the market, excluding hybrid, sectoral, and thematic schemes,…
India’s fuel exports drop India’s fuel exports dropped 21% month-on-month in October as refiners prioritised domestic demand during the festive season and redirected supplies to cover gaps caused by Hindustan Petroleum Corporation Ltd’s (HPCL) refinery outage. Exports remained constrained for Nayara Energy due to sanctions.Fuel shipments fell to 1.25 million barrels per day (bpd) in…
US President Donald Trump (IANS) President Donald Trump called Democrats “kamikaze” as he blamed them for the US government shutdown entering its sixth week on Wednesday, becoming the longest in history and surpassing the 35-day record set during his first term.“I just got back from Japan,” Trump told a breakfast meeting with Republican senators at…
Strong RBI dividend to help stabilise finances The recent rationalisation of Goods and Services Tax (GST) rates is likely to create a net revenue loss of around 0.1 per cent of GDP in the current financial year. However, this shortfall may be compensated by the higher dividend payout from the Reserve Bank of India (RBI),…
