Business
RBI confirms final payout for 2017 gold bond series; long-term holders gain over 340%
A decade-old Sovereign Gold Bond investment has yielded over four times its initial value, with a Rs 1 lakh stake now worth more than Rs 4.4 lakh. The Reserve Bank of India announced the final redemption price for the 2017-18 Series-X tranche, which matured after eight years. Investors also benefited from a 2.
Nifty50, Sensex soar but broad market weak; most Nifty500 stocks below trend averages
Despite Nifty 50 and Sensex reaching record highs, broad market optimism is limited as nearly half of NSE’s top 500 stocks lag key technical benchmarks. Only 40% of Nifty 500 stocks are above their 50-day SMA, indicating weak market breadth driven by large-cap gains. Retail investors remain cautious, with many mid and small-cap stocks still…
Putin’s India visit: Trade in focus as New Delhi looks to reduce deficit
Russian President Vladimir Putin’s visit to India aims to significantly boost economic cooperation, with New Delhi seeking to reduce its trade deficit and expand market access for Indian goods like pharmaceuticals and agricultural products. The trip, accompanied by a large business delegation, is expected to yield agreements in shipping, healthcare, and connectivity, alongside a long-term…
Rupee rebounds as RBI support, softer dollar offer relief; ends day at 89.96 per USD
The rupee recovered from its record low, closing at 89.96 against the US dollar after a softer dollar index and reported RBI intervention. Despite initial weakness due to foreign selling and trade deal delays, the currency found support. Analysts anticipate continued pressure from outflows but potential cushioning from a subdued dollar and possible RBI actions.
Gold price today: Yellow metal slips; check 24K, 22K city-wise rates
Gold prices dipped on Thursday amid mixed global trends and weak US economic data, while silver futures saw gains. Investors are cautiously awaiting key US inflation data for clarity on the Federal Reserve’s monetary policy. Geopolitical tensions also contributed to a risk premium for precious metals.
‘Cartel-like behaviour’: FIP issues letter flagging IndiGo’s ‘hiring freeze’; urges DGCA to act amid widespread flight cancellations
Indian pilots’ body accuses IndiGo of a hiring freeze and poor planning, leading to flight cancellations and delays. Despite a two-year window for new flight duty rules, the airline allegedly failed to adequately staff operations. The Federation of Indian Pilots urges the DGCA to reallocate IndiGo’s slots if commitments to passengers remain unmet due to…
New gratuity rules explained: How new labour codes will increase payout at various salary levels – check calculations
New labour codes effective November 21, 2025, broaden the definition of ‘wages,’ potentially increasing gratuity payouts for employees. Fixed-term employees now qualify for gratuity after one year of service. Employers face increased financial liabilities, with clarity needed on past service calculations.