Gold price prediction today: Gold prices are fluctuating within a range as strong US PPI data tempers expectations of aggressive Federal Reserve rate cuts. Indian gold demand saw a slight uptick due to price pullbacks ahead of the festive season. Investors are awaiting insights from Fed Chair Powell’s speech at the Jackson Hole symposium for…
Missed the ITR filing deadline Don’t worry, there is still a chance. The ITR-U lets you fix errors or report income you forgot. File within four years, but remember there is an extra tax. Some changes are not allowed, like claiming more refund. ITR-U offers a way to correct mistakes, but know the rules and…
India has approved the acquisition of 97 LCA Mark 1A fighter aircraft for the Indian Air Force, boosting the ‘Make in India’ initiative. This follows an earlier order of 83 aircraft and aims to replace the MiG-21 fleet.
SBI Research indicates that a proposed two-tier GST structure, featuring lower rates on household goods, could increase consumption by Rs 1.98 lakh crore. However, this revamp is projected to cause an annual revenue loss of Rs 85,000 crore. The shift aims to boost GDP and moderate inflation, with a panel set to examine the proposal.
A parliamentary panel advocates raising India’s investment rate to 35% of GDP to achieve 8% annual growth over the next decade. The committee emphasizes domestic-led growth through deregulation, infrastructure investment, and agriculture reforms. It also highlights the importance of technology, inclusion, and a long-term roadmap for sustained and resilient economic expansion.
Wall Street witnessed mixed trading as major American retailers started releasing quarterly reports. Home Depot’s earnings missed expectations, but full-year guidance remained. Investors are awaiting Federal Reserve Chair Jerome Powell’s policy remarks later this week. Analysts are closely monitoring retailer results for tariff impact. Geopolitical factors, including potential Ukraine peace deal, are also influencing the…
Fitch Ratings cautions that while Indian corporates have limited direct exposure to current US tariffs, sectors like pharmaceuticals could face risks if further measures are imposed. The US has levied a 25% tariff on Indian goods since August 7, 2025, with another 25% due on August 27, due to India’s Russian oil imports.
China’s export restrictions on rare earth magnets have created supply chain challenges for Indian industries, particularly electric vehicle manufacturers. The Indian government is actively addressing these disruptions through consultations and efforts to strengthen critical mineral supply chains. Bilateral agreements with mineral-rich nations and KABIL’s initiatives aim to diversify sourcing and secure alternative supply channels.
Air Canada will gradually resume operations following an agreement with its flight attendants’ union, CUPE, ending a strike that disrupted travel for approximately 130,000 passengers daily. The deal, reached after mediation, guarantees pay for ground work, a key issue for the union. While flights will resume Tuesday evening, full service restoration may take over a…
