Business

India’s outward foreign direct investment has surged in the last five years, boasting a 12.6% CAGR, significantly outpacing the global average. A Bank of Baroda report highlights that outward FDI reached a record $23.8 billion in 2024, driven by India’s global integration efforts.

Gold prices soared to a record high of Rs 1,05,670 per 10 grams in the national capital, marking the sixth consecutive session of gains. The surge was fueled by expectations of a US Federal Reserve rate cut and strong overseas demand. Silver prices also reached a new peak of Rs 1,26,000 per kilogram, driven by…

Aviation turbine fuel (ATF) prices experienced a 1.4% reduction, offering some relief to airlines, while commercial LPG cylinders saw a price decrease of Rs 51.50. These adjustments reflect a decline in global benchmark rates. However, domestic LPG prices remain steady, and petrol and diesel prices have been frozen since mid-March of the previous year.

Sebi’s revised cybersecurity framework introduces tiered compliance, easing burdens for smaller intermediaries while aligning with global standards. Experts caution that implementation costs and complexity may still pose challenges for these firms. A unified national framework and shared infrastructure solutions could further simplify compliance and enhance overall market resilience.

India is increasingly favoring gold over US Treasury bills to bolster its foreign exchange reserves, mirroring a global trend of diversifying away from dollar-denominated assets. While India’s US T-bill holdings decreased to $227 billion in June 2025, its gold reserves rose significantly to 879.98 metric tonnes.

Silver price today: Silver prices experienced a significant surge, climbing by Rs 2,597 to exceed Rs 1.24 lakh per kilogram in futures trading, mirroring strong global market performance. This surge was fueled by factors such as increased US tariffs on Indian products, a weakening rupee, and investors seeking safe-haven assets.

Harry Dent, known for his bearish predictions, surprisingly embraces cryptocurrency, suggesting it could revolutionize the $630 trillion global financial market. He compares crypto’s disruptive potential to the internet and AI, emphasizing its ability to decentralize finance and empower individuals. While warning of an imminent market correction, Dent believes this shakeout will ultimately strengthen crypto’s long-term…

Labor Day, celebrated on the first Monday of September, honors American workers and their contributions to the US economy. Many banks, government offices, and the stock market will be closed. While some retail stores like Costco will be closed, others such as Walmart and Trader Joe’s will remain open, with pharmacy hours varying by location.

The rupee’s recent slide past 88 against the dollar has sparked concerns in financial markets, prompting banks to reduce trading exposures. Importers with unhedged positions and corporates using forex derivatives face potential losses. Experts suggest the RBI might allow further depreciation to aid exporters, especially with US tariffs looming.