The Reserve Bank of India (RBI) holds 828.6 tonnes of gold currently, which is more than the country’s average annual demand of 750-800 tonnes, notwithstanding the high prices for the precious metal. RBI has joined other central banks in gold plating now. The overall demand for gold in the country last year was down marginally…
dani Group Share Prices/ Stocks Today Live Updates 2 July 2024: Adani Group stocks were trading flat in early trade on Tuesday. US short-seller Hindenburg Research, which had rocked the Adani Group with allegations of stock market manipulation and accounting fraud, on Tuesday said it has received a show cause notice from Indian capital market…
New Delhi: The government’s keenness to promote rooftop solar installations comes through in the interim budget. Addressing a press conference after the budget, union finance secretary T.V. Somanathan said: “There is a provision of ₹10,000 crore for rooftop solar in the budget.” The move is expected to boost the ambitious goal of 500 gigawatts (GW)…
Early retirement can indeed be a cherished goal for many individuals, despite the challenges that may accompany its pursuit. Early retirement necessitates accumulating enough savings to sustain oneself potentially for decades, demanding considerable financial discipline and sacrifices, particularly for those early in their careers. Also, medical expenses can significantly deplete retirement savings, especially in the…
Photo used for representation purpose only. | Photo Credit: Reuters The rupee depreciated 12 paise to 83.56 against the US dollar in early trade on July 2, weighed down by the strengthening of the American currency in the overseas markets and elevated crude oil prices. Forex traders said oil importers and foreign portfolio investors (FPIs)…
The government has hiked windfall tax on domestically produced crude oil to ₹6,000 per tonne, from ₹3,250 per tonne, with effect from Tuesday, July 2, 2024. Explained | What is windfall tax and why are countries imposing it on the energy sector right now? The tax is levied in the form of Special Additional Excise…
Gold and silver prices dropped last week on profit booking. While the former lost 3.4 per cent the latter was down 3.8 per cent as they closed at $2,334 and $30.3 per ounce, respectively. Similarly, on the Multi Commodity Exchange, gold futures dropped 3.3 per cent to end at ₹71,256 (per 10 gram), whereas silver…
Hindenburg Research has said that contrary to claims made by Indian regulatory authorities that it had a massive financial windfall from its short position in Adani’s securities, it had made only $4 million in gross revenue. “We have made $4.1 million in gross revenue through gains related to Adani shorts from that investor relationship. We…
India is on the cusp of change, having transformed to become the fifth largest economy in the world and is gradually moving towards being in the top three. Our economy is uniquely diverse and rapidly growing; this is powered by infrastructure, manufacturing, information technology and services sectors. A key strength is our sizeable domestic market,…
There has been a shift in spending trends among consumers. With the increase in cashless transactions, a study revealed that people are spending more than before. The study was conducted by a team from University of Melbourne and University of Adelaide, it analysed 71 papers and looked at spending habits of 17 countries published in…
