The roots of the resilience lie in India’s domestic consumption-led growth story that provides an important cushion. India’s growth story is a hot topic of discussion these days. How has one of the world’s largest economies managed to cushion the blow of the US-Iran war to still grow at 7.8%? What measures have helped the…
The stock market is likely to remain sensitive to global developments, with the West Asia conflict, crude oil prices and US inflation data emerging as key factors for investors. The stock market is likely to remain sensitive to global cues in the upcoming week, with developments in the Middle East conflict, crude oil prices and…
Onion prices still make eyes water despite Centre’s Rs 35/kg buffer sale The Centre is opening up its onion reserves to keep prices under control, but the intervention is yet to bring down the national average. Despite government’s subsidised onion sale, the average all-India retail price has risen to Rs 50.79 per kg from Rs…
SGBs carry a fixed annual interest rate of 2.50% on the amount initially invested. Investors of Sovereign Gold Bonds (SGBs) are reaping a bonanza with gold prices rallying strongly in the last few years. Despite the recent correction in gold prices, gold bonds are still yielding triple digit returns.The Reserve Bank of India (RBI) has…
FPIs turn sellers again, pull out Rs 7,443 crore from Indian equities in first week of September Foreign portfolio investors (FPIs) turned net sellers of Indian equities in the first week of September, withdrawing Rs 7,443 crore after investing in the market for two consecutive months. The latest selling came as a rebound in crude…
Gold is supposed to be the ultimate safe haven. But as geopolitical uncertainty rises, European central banks are rethinking where they keep their most trusted reserve asset. After France and Germany, Netherlands became the latest to make an exit, shifting part of its gold holdings from North America to London.The relocation has raised concerns about…
The officer treated Rs 41.69 lakh as unexplained cash deposits under Section 69A. (Image for representative purpose only) When filing for a visa to fly abroad, an individual claimed he discovered he had a tax notice against his name that was due to cash deposits which the Income Tax Department saw as unexplained.The Income Tax…
The Bombay High Court considered Section 23 of the Senior Citizens Act. (Image for representative purpose only) A couple gifted their son a flat that they had bought in 2005 on the condition that he take care of them. Years later, the Bombay High Court directed the son to vacate the flat. Here’s what the…
30% productivity boost could power 35% of future manufacturing India’s manufacturing sector could get nearly 35 per cent of its future output simply by getting its workforce 30 per cent more productive.The finding comes from KPMG’s analysis of more than 130 large Indian manufacturing companies over 10 years. It found that companies which improved productivity…
Sugar prices jumped 11.9%, while cereal and vegetable oil prices rose 2.2% and 0.6%, respectively World food prices rose to their highest level since late 2022 in August as extreme weather, geopolitical tensions and disruptions to trade routes heightened concerns over supplies of key agricultural commodities, the UN Food and Agriculture Organization (FAO) said on…
