The Reserve Bank of India announced the injection of ₹80,000 crore by buying government securities citing “evolving liquidity conditions,” according to a statement on April 1. The open market operation would be made in four tranches of ₹20,000 crore each on April 3, April 8, April 22 and April 29 2025. “The Reserve Bank will…
Finance Ministry on Tuesday informed the Rajya Sabha that Sovereign Gold Bonds (SGBs) amounting to 130 tonnes of gold are to be redeemed from this fiscal. The Ministry simultaneously indicated that no more tranches of SGBs are to be expected henceforth. In a written response, the Minister of State for Finance, Pankaj Chaudhary, said 67…
Representative image | Photo Credit: Reuters Stock markets went into a tailspin on Tuesday (April 1, 2025), with benchmark Sensex plunging by 1,390 points due to selling in IT and private bank shares amid heightened uncertainty ahead of the rollout of reciprocal tariffs by the U.S. on April 2. Starting the new financial year on…
Gold is seen topping $3,300-3,400 an ounce before the year-end with the precious metal soaring to new heights almost every day over the past couple of weeks. US-based investment bank Goldman Sachs even sees gold topping $4,500 in an “extreme tail scenario” over the next 12 months. Gold has jumped over 3 per cent in…
All India Trinamool Congress MP Mahua Moitra. File | Photo Credit: PTI The Supreme Court asked Lok Sabha MP Mahua Moitra on Tuesday (April 1, 2025) to make a representation to the SEBI seeking public disclosure of norms for foreign portfolio investors and alternative investment funds. A Bench of Justices B.V. Nagarathna and Satish Chandra…
RBI Governor Sanjay Malhotra speaks during the 90th foundation day event of the Reserve Bank of India, in Mumbai, on April 1, 2025. | Photo Credit: PTI The next decade will be crucial in shaping the financial architecture of the Indian economy, said Reserve Bank of India (RBI) Governor Sanjay Malhotra while speaking at the…
Gold hit a record at the start of the new quarter as a major escalation in US President Donald Trump’s trade tariffs due this week heightened concerns about the global economy and fanned haven demand. Bullion neared $3,150 an ounce, on pace for a fourth day of gains. Traders are on edge as Trump plans…
Vodafone Idea stock surged 9.99% to ₹7.49 — its upper circuit limit — on the BSE. | Photo Credit: Reuters Shares of Vodafone Idea on Tuesday (April 1, 2025) jumped 10% as the government’s stake in the firm will more than double to 48.99% as it is set to acquire shares worth ₹36,950 crore in…
A man walks past the Bombay Stock Exchange (BSE) building in Mumbai. File photo | Photo Credit: REUTERS Equity benchmark indices slumped in early trade on Tuesday (April 1, 2025) dragged by IT stocks amid uncertainty about U.S. President Donald Trump’s reciprocal tariffs. The 30-share BSE benchmark Sensex dropped 639.13 points to 76,775.79 in early…
Photo used for representation purpose only | Photo Credit: The Hindu Gold prices hit a record peak on Tuesday (April 1, 2025), as concerns that U.S. President Donald Trump’s reciprocal tariffs might fuel inflationary pressures and impede economic growth drove safe-haven demand. Spot gold was up 0.6% at $3,142.83 an ounce, as of 0310 GMT,…
