MUMBAI, May 29: Domestic gold jewellery consumption is likely to decline by 9-10 per cent in 2025-26, mainly due to a 33 per cent surge in gold prices, a report said on Thursday. The consumption of bars and coins increased 17 per cent and 25 per cent, respectively, in FY24 and FY25, reflecting investor preference for safe-haven assets amid global macroeconomic uncertainty and heightened geopolitical and trade tensions, Icra said in the report. This trend is likely to persist [] The post Gold je

Mumbai, May 29: The country is poised to remain the fastest growing major economy in the world even in FY26, the Reserve Bank said on Thursday. The benign inflation outlook and a moderation in GDP expansion warrant the monetary policy to be supportive of growth going forward, the RBI said in its annual report. the Indian economy is poised to remain the fastest-growing major economy in 2025-26 by leveraging its sound macroeconomic fundamentals, robust financial sector and commitment towards susta

New Delhi, May 28: Gold prices climbed Rs 500 to Rs 99,000 per 10 grams in the national capital on Wednesday amid a firm trend in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity rose Rs 500 to Rs 98,500 per 10 grams (inclusive of all taxes). Also, silver prices rallied Rs 1,000 to Rs 1,00,000 per kg (inclusive of all taxes) on Wednesday. The metal had declined Rs 1,370 [] The post Gold Climbs Rs 500 To Rs 99,000/10 G; Silver Rallies

New Delhi, May 27: The dismissal or removal of an employee of a public sector undertaking (PSU) will lead to forfeiture of the retirement benefits, the Centre has said. However, the decision of such dismissal or removal shall be subject to review by the administrative ministry concerned, it said. The Personnel Ministry has effected key changes in the Central Civil Services (Pension) Rules, 2021 in this regard. According to the recently-notified Central Civil Services (Pension) Amendment Rules, 2

NEW DELHI, May 27:Global travel tech platform OYO has started discussions with bankers for a fresh attempt at IPO, targeting a listing in the last quarter of the current financial year, sources said. Preliminary discussions with investment banks have indicated a potential valuation range of USD 6-7 billion for the public offering. The company started informal discussions last month and is now calling for pitches, according to a person familiar with the development. The company is engaging with

New Delhi, May 27: Defence Minister Rajnath Singh has approved the execution model to implement a mega project to indigenously develop a fifth generation deep penetration advanced medium combat aircraft for the Indian Air force India has been working on the ambitious AMCA project to develop the medium weight deep penetration fighter jet with advanced stealth features to bolster its air power capability. The defence ministry said on Tuesday that Singh has approved the Advanced Medium Combat Aircr

ISLAMABAD, May 25: The General Sales Tax has the largest marginal contribution to the rise of poverty while a monthly cash transfer programme to the poorest families has the largest positive impact on inequality reduction in Pakistan, a World Bank study has said. The Effects of Taxes and Transfers on Inequality and Poverty in Pakistan reports that the General Sales Tax (GST) payments account for over 7 per cent households pre-tax expenditure, which leads to further impoverishment among poor and

Mumbai, May 24: Shubman Gill was on Saturday appointed Indias new Test captain while Rishabh Pant was named his deputy, starting with the five-match series in England. The selectors decision on the teams leadership was on expected lines following the retirement of Rohit Sharma and Virat Kohli. Young left-hander B Sai Sudharsan earned his maiden Test call-up. The squad also features Karun Nair, who returns to the national set up up after seven years. A notable exclusion was pacer Mohammed [] The

TOKYO, May 20: Honda said Tuesday electric vehicle sales were slowing in the US, prompting the Japanese automaker to scrap its previous goal for EVs to be 30 per cent of its global vehicle sales by 2030. Instead of the initial plan to invest 10 trillion Yen (USD 69 billion) in an electrification strategy through the fiscal year ending in 2031, Honda is reducing that investment by 3 trillion Yen (USD 21 billion) to 7 trillion Yen (USD 48 [] The post Honda pulls back on EV strategy for now, will

NEW DELHI, May 20: Bharti Airtel and Google on Tuesday announced a partnership to offer Google One cloud storage subscription service for the telcos customers, to address the limitations of device storage. All postpaid and Wi-Fi customers will get access to six months of 100 GB of Google One cloud storage at no extra cost. After six months, a fee of Rs 125 per month will be added to the customers monthly bill. If a customer chooses not to [] The post Airtel, Google team up to offer cloud storag

NEW DELHI, May 19:Gold prices rallied Rs 580 to Rs 97,030 per 10 grams in the national capital on Monday amid strong trends in the international markets, according to the All India Sarafa Association. On Friday, the precious metal of 99.9 per cent purity had closed at Rs 96,450 per 10 grams. Gold of 99.5 per cent purity climbed Rs 580 to Rs 96,580 per 10 grams (inclusive of all taxes) on Monday. It had settled at Rs 96,000 [] The post Gold rallies Rs 580 to Rs 97,030/10 gm; silver climbs Rs 500

New Delhi, May 18: Billionaire Gautam Adanis group has signed a deal with a US undersea warfare company Sparton to develop electronic sensors and navigation systems that could be used for anti-submarine warfare, the conglomerate said on Sunday. Adani Defence & Aerospace has signed a binding collaboration agreement with Sparton (DeLeon Springs LLC) to assemble anti-submarine warfare (ASW) solutions for the Indian Navy, it said in a statement. The partnership aims to localise the assemblage of son

ISLAMABAD, May 18: The International Monetary Fund (IMF) has slapped 11 new conditions on Pakistan for the release of the next tranche of its bailout programme and warned that tensions with India could heighten risks to the schemes fiscal, external, and reform goals, according to a media report on Sunday. The new conditions imposed on Pakistan include the parliamentary approval of a new Rs 17.6 trillion budget, an increase in the debt servicing surcharge on electricity bills and lifting restrict

NEW DELHI, May 18: Markets regulator Sebi has made the electronic book mechanism mandatory for all private placement debt issues of Rs 20 crore or above and expanded the platforms scope to include REITs and InvITs. The move, based on recommendations from a working group and public feedback, is aimed at enhancing the efficiency of the Electronic Book Provider (EBP) platform. Under the new framework, the use of the EBP platform is now mandatory for private placements of debt securities, [] The pos

Doha, May 15: U.S. President Donald Trump on Thursday claimed that India has offered to drop all tariffs on American goods. Speaking at a business roundtable in Doha, Mr. Trump also said he had a little problem with Tim Cook, and he told the Apple CEO that he does not want him to build iPhones in India. Mr. Trump, who is in Qatar as part of his four-day visit to the Gulf region, was talking about Apples plans to make [] The post Trump Urges Apple CEO Tim Cook To Limit Production In India appeare

NEW DELHI, May 15:Passenger vehicles dispatches from factories to company dealerships in the country increased 4 per cent year-on-year to 3,48,847 units in April, industry body SIAM said on Thursday. Passenger vehicle dispatches stood at 3,35,629 units in April last year. The Passenger vehicles segment posted its highest-ever sales of April in 2025 of 3.49 lakh units, with a growth of 3.9 per cent as compared with April 2024, SIAM Director General Rajesh Menon said. Total two-wheeler dispatches,

MUMBAI, May 14: The rupee pared most of its initial gains and ended the day higher by 10 paise at 85.26 (provisional) against the American currency on Wednesday, supported by gains in domestic equities and positive macroeconomic data. Forex traders said the weakness of the American currency in the overseas market and rising appetite for riskier assets amid easing trade tariff tensions boosted investors sentiments. At the interbank foreign exchange, the domestic unit opened on a positive note an

MUMBAI, May 14: Jio Credit, the non-bank financing arm of the Mukesh Ambani-led Reliance group, on Wednesday raised Rs 1,000 crore through a maiden bond issue from domestic investors, company officials said. The entity, a wholly owned subsidiary of Jio Financial Services, has raised the money at a coupon rate of 7.19 per cent, they said. The bonds have a tenor of two years and ten months, they said, adding that the issue was oversubscribed by three times. The [] The post Jio Credit raises Rs 1,

NEW DELHI, May 13:Gold price rallied by Rs 950 to Rs 97,500 per 10 gram in the national capital on Tuesday amid firm trend in overseas markets, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity jumped Rs 1,000 to Rs 97,100 per 10 gram. On Monday, gold of 99.9 per cent and 99.5 per cent fell sharply by Rs 3,400 each to Rs 96,550 and Rs 96,100 per 10 grams, respectively. Meanwhile, [] The post Gold surges Rs 950 to Rs 97,500/10 g amid firm global cues appea

NEW DELHI, May 13: Life Insurance Corporation (LIC) has hiked its stake in Bank of India (BoI) to 8.38 per cent as of May 9. LIC has bought about 2.026 per cent stake in public sector BoI between September 2, 2021, and May 9, 2025, BoI said in a stock exchange disclosure on Tuesday. LICs stake in the bank has increased from 6.35 per cent to 8.38 per cent over the four-year period. Shares of Bank of India closed [] The post LIC hikes stake in Bank of India to 8.38 pc appeared first on Daily Exce

IMPHAL, May 12: ISRO Chairman Dr V Narayanan said that 10 satellites are continuously working for a strategic purpose to ensure the safety and security of the countrys citizens. Speaking at the convocation ceremony of the Central Agricultural University in Manipurs Imphal on Sunday, he said India is becoming a vibrant space power and will have its first space station by 2040. Today, 433 satellites of 34 countries are lifted from India and placed in orbitI am also happy to [] The post 10 Satellit

New Delhi, May 11: On National Technology Day, Prime Minister Narendra Modi on Sunday remembered the 1998 Pokhran nuclear tests and said India is emerging as a global leader in different aspects of technology. National Technology Day commemorates the momentous events of May 11, 1998, when India conducted successful nuclear tests under Operation Shakti and saw the maiden flight of the indigenously-developed Hansa-3 aircraft. In recognition of these achievements, then prime minister Atal Bihari Va

New Delhi, May 6: Union telecom minister Jyotiraditya Scindia on Tuesday said investment in India at present makes economic sense for every original equipment manufacturer, as he cited the example of US smart devices major Apples decision to source majority of the iPhones sold in the US from the country. While speaking at the Bharat Telecom event, Scindia said the investment in India at present is not just an act of goodwill alone but it makes economic sense for every [] The post Apple To Source

MUMBAI, May 5: The rupee surged 24 paise to 84.33 (provisional) against the US dollar on Monday, supported by a sharp decline in crude oil prices and a positive trend in domestic equities. Robust equity inflows totalling Rs 2,769.81 crore reflect continued foreign investor interest in Indian assets, forex traders said, adding while capital inflows offer support, global uncertainties could cap gains. At the interbank foreign exchange, the domestic unit opened at 84.45 and moved between the []

New Delhi, May 4: Markets regulator Sebi is actively working with the Ministry of Finance and other financial regulators on setting up a centralised KYC (Know Your Customer) system, chairman Tuhin Kanta Pandey has said. The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions. When asked about the common KYC system, Pandey told a news agency, Yes, I think we will move forward on that [] Th

New Delhi, May 4: Pakistan has banned the use of its ports by Indian flag carriers, hours after New Delhi imposed fresh punitive measures, including a ban on import of goods and entry of Pakistani ships into its ports, against Islamabad. India on Saturday imposed a ban on the import of goods coming from or transiting through Pakistan and also the entry of Pakistani ships into its ports even as Prime Minister Narendra Modi said the country is committed to [] The post Pahalgam Attack: Pakistan Shu

NEW DELHI, May 3: Chartered accountants apex body ICAI will be preparing a research paper to help markets watchdog Sebi in dealing with financial frauds. ICAI President Charanjot Singh Nanda on Saturday said the institute will set up a working group and hold discussions with Sebi to finalise the various aspects that will be looked into with respect to tackling financial frauds. The working group will submit a research paper to the Securities and Exchange Board of India (Sebi), [] The post ICAI

NEW DELHI, May 3: India on Saturday suspended exchange of all categories of mail and parcels from Pakistan through air and surface routes amid escalating tensions between the two nations over the Pahalgam terror attack that killed 26 people. The order suspending the services was issued by the Department of Posts that operates under the Ministry of Communication. Citing cross-border linkages to the horrific attack, India has promised severe punishment to those involved in the strike. (Agencies) T

NEW DELHI, May 3:India has banned direct or indirect import of all goods from Pakistan with immediate effect, according to a notification of the commerce ministry. A provision in this regard has been added in Foreign Trade Policy (FTP) 2023 to prohibit direct or indirect import or transit of all goods originating in or exported from Pakistan with immediate effect until further orders, it said in the notification dated May 2. The Directorate General of Foreign Trade (DGFT) in [] The post India b

New Delhi, May 3: The National Medical Commission (NMC) has directed immediate suspension of 26 MBBS students found complicit in NEET-UG 2024 malpractices and cancelled admission of 14 students for the academic year 2024-25 for resorting to unfair means during the entrance exam, an official source said. National Eligibility cum Entrance Test, or NEET, is a pan-India exam to taken by aspirants to get admission into the countrys medical colleges. As part of the ongoing investigations by multiple a

NEW DELHI, May 2:Gold prices climbed Rs 1,080 to Rs 96,800 per 10 grams in the national capital on Friday due to fresh buying from jewellers amid a firm trend overseas, according to the All India Sarafa Association. On Thursday, the precious metal of 99.9 per cent purity plunged Rs 2,830 to Rs 95,720 per 10 grams. Gold of 99.5 per cent purity rose Rs 180 to Rs 96,350 per 10 grams. It had depreciated Rs 1,930 to Rs [] The post Gold climbs Rs 1,080 to Rs 96,800/10 gm, silver jumps Rs 1,600 appear

Thiruvananthapuram, May 2: Prime Minister Narendra Modi on Friday officially commissioned the Vizhinjam International Seaport, here, which was completed at an estimated cost of Rs 8,867 crore. The PM arrived at the port area by helicopter from Thiruvananthapuram city at 10.15 am and walked around the transshipment hub wearing a hard hat, taking stock of the facilities here. Subsequently, at 11.33 am, he formally commissioned the first phase of the facility in the presence of Kerala Governor Raje

NEW DELHI, May 1: The price of jet fuel, or ATF, was reduced by 4.4 per cent on Thursday marking the second major cut within a month. Additionally, the price of commercial LPG used in hotels and restaurants was lowered by Rs 14.50 per cylinder, in line with international benchmarks. The Aviation Turbine Fuel (ATF) price was reduced by Rs 3,954.38 per kilolitre, or 4.4 per cent, to Rs 85,486.80 per kl in the national capital home [] The post ATF price cut by 4 pc, commercial LPG rates reduced

MUMBAI, Apr 28: Benchmark BSE Sensex soared by 1,006 points to close above 80,000 level on Monday as a sharp rally in Reliance Industries and private banks, and foreign fund inflows helped stock markets cut short two days of fall amid India-Pakistan border tensions. The 30-share BSE Sensex jumped 1,005.84 points or 1.27 per cent to settle at 80,218.37 with 23 of its constituents ending with gains and seven in the red. During the day, it surged 1,109.35 points [] The post Sensex jumps 1,006 poin

CHENNAI, Apr 26: Cholamandalam Investment and Finance Company Ltd has recorded a consolidated profit after tax for the January-March 2025 quarter at Rs 1,259.54 crore, the company said on Saturday. The city-based company, which is the financial services arm of the diversified conglomerate Murugappa Group, had registered a profit after tax of Rs 1,065.23 crore during the corresponding quarter of last financial year. For the financial year ending March 31, 2025, the profit after tax surged to Rs 4

NEW DELHI, Apr 25: Indian economy could grow at 6.5 per cent in the current fiscal as lower prices of crude oil are expected to ease inflationary pressure and support domestic growth, despite intensifying global trade tensions, EY said on Friday. The EY Economy Watch report for April identifies four key interlinked effects which would have a bearing on Indias growth reduced exports, global slowdown, falling crude oil prices, and the impact of global excess production capacities. With [] The po

New Delhi, Apr 25: The government has notified the Goods and Services Tax Appellate Tribunal (Procedure) Rules, which provide for mandatory e-filing of applications and conducting hearings in a hybrid mode. The rules also provide that any urgent matter filed by an applicant before 12:00 noon shall be listed before the Appellate Tribunal on the following working day, if the application is complete in all respects. In exceptional cases, the application may be received after 12:00 noon but before 3

NEW DELHI, Apr 23: Ola Group, spanning ride-hailing, electric vehicles, and AI, now holds over 50 per cent of all patents filed by Indias 117 unicorns. Indias unicorns collectively hold only 229 patents, with Ola Group owning more than half, according to data from the Indian Patent Advanced Search (IPAS) System. In a recent post on X (formerly Twitter), Ola Founder Bhavish Aggarwal shared, Happy that Ola group @OlaElectric @Olacabs and @Krutrim have half of all granted patents for all [] The pos

MUMBAI, Apr 23: Stock markets extended the winning run to seventh day on Wednesday with benchmark BSE Sensex jumping 520 points to close above 80,000 level for the first time in four months driven by strong gains in IT and auto shares. The 30-share Sensex rose by 520.90 points or 0.65 per cent to settle at 80,116.49, the highest closing level since December 18. During the day, it surged 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty [] The post Stock markets rise for 7th day; Sensex

New Delhi, Apr 21: Central and state GST officers have detected 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth Rs 61,545 crore during 2024-25, officials said. During the 2024-25 fiscal ending March 2025, Central and state GST officers recovered Rs 1,924 crore by way of blocking ITC and arrested 168 persons. As per data on ITC frauds unearthed by Central and State GST officers, over the two years 2023-24 and 2024-25, 42,140 fake firms were detected, [] The post Ce

NEW DELHI, Apr 18: The US has informed the global trade body WTO that the decision to impose tariffs on steel and aluminium, was based on national security grounds and should not be considered as safeguard measures, according to a communication. The US shared this response with the World Trade Organisation (WTO) after India requested consultations under the WTOs Safeguards Agreement on April 11 with America. India has said that notwithstanding the USAs characterisation of these measures as secu

MUMBAI, Apr 17: SEBI chairman Tuhin Kanta Pandey on Thursday said the markets regulator will not let commercial interest trump general public interest while deciding on the largest equity bourse NSEs Initial Public Offering (IPO) plans. We will not allow commercial interest to take over the general public interest, and it is for the regulator to ensure that, Pandey told reporters on the sidelines of the CII corporate governance summit. Pandey explained that India has adopted a model where [] Th

MUMBAI, Apr 16:The rupee sustained its rally for the third straight session and settled with a gain of 12 paise at 85.68 (provisional) against the US dollar on Wednesday, boosted by the renewed inflow of foreign funds and a weak American currency. Positive domestic macroeconomic numbers amid the 90-day pause on US reciprocal tariffs triggered a buying rush in equities, strengthening the local currency, according to forex traders. Also, lower crude prices in international markets supported the d

NEW DELHI, Apr 15: Wholesale price inflation eased to 2.05 per cent in March, as against 2.38 per cent in February, government data showed on Tuesday. The wholesale price index (WPI) based inflation, however, rose year-on-year. It was 0.26 per cent in March 2024. Positive rate of inflation in March, 2025 is primarily due to increase in prices of manufacture of food products, other manufacturing, food articles, electricity and manufacture of textiles etc, the industry ministry said in a statement

NEW DELHI, Apr 11: Gold prices surged by Rs 6,250 to hit a record high of Rs 96,450 per 10 grams in the national capital on Friday due to heavy demand from local jewellers and retailers, according to the All India Sarafa Association. Analysts said the precious metal hitting lifetime high levels in the international markets on strong safe-haven demand amid escalating US-China trade tensions boosted the domestic prices. On Wednesday, the yellow metal of 99.9 per cent purity [] The post Gold skyro

NEW DELHI, Apr 8:Gold prices fell by Rs 200 to Rs 91,250 per 10 grams in the national capital on Tuesday amid subdued demand in the local markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 91,450 per 10 grams on Monday. Gold of 99.5 per cent purity dipped Rs 200 to Rs 90,800 per 10 grams. It had concluded at Rs 91,000 per 10 grams in the [] The post Gold falls Rs 200 to Rs 91,250/10 g; Silver rebounds appeared first on Daily Exce

MUMBAI, Apr 3: The rupee pared its initial losses and settled for the day higher by 22 paise at 85.30 (provisional) against the US dollar on Thursday as the greenback weakened against its major peers after President Donald Trump unleashed reciprocal tariffs on about 60 countries. The domestic unit had witnessed a knee jerk reaction in early trade but soon gained the lost ground and ended the day on a positive note, after the US announced 27 per cent [] The post Rupee pares initial losses, settl

NEW DELHI, Apr 1:The price of Jet fuel, or ATF, on Tuesday was cut by a steep 6.1 per cent and the rates of commercial LPG that is used in hotels and restaurants were reduced by Rs 41 per 19-kg cylinder in the monthly revision done in line with benchmark international prices. The Aviation Turbine Fuel (ATF) price was reduced by Rs 5,870.54 per kilolitre, or 6.15 per cent, to Rs 89,441.18 per kl in the national capital [] The post ATF, commercial LPG rates cut appeared first on Daily Excelsior

NEW DELHI, Apr 1:Mid-size motorcycle maker Royal Enfield on Tuesday reported a 34 per cent jump in total sales at 1,01,021 units in March, as compared to 75,551 units in the same month last year. Domestic sales were at 88,050 units last month, as against 66,044 units in March 2024, up 33 per cent, Royal Enfield said in a statement. Exports grew by 36 per cent at 12,971 units, as compared to 9,507 units in the year-ago month. In [] The post Royal Enfield sales up 34 pc at 1,01,021 units in March

CHENNAI, Mar 29: The Chairman of Kerala-based diversified conglomerate Muthoot Pappachan Group, Thomas John Muthoot, has been elected as the Chairman of Confederation of the Indian Industry (CII), Southern Region for the year 2025-26. The President of Danfoss India Region, Ravichandran Purushothaman, has been elected Vice Chairman, CII said. Danfoss India, a subsidiary of Denmark-based Danfoss, is a leader in heating, ventilation, air-conditioning and compressors. Muthoot heads the Muthoot Pappa