Business news

Gold price stays elevated buoyed by US shutdown risks, rate-cut bets

Precious metals remained volatile on Tuesday, with gold and silver slipping from early highs as traders booked profits. Later in the evening session, both metals recovered from their intraday lows as hedging activity increased.

1 day ago

UPI transactions see 31 pc growth at 19.63 billion in September: NPCI data

In August, the UPI transactions had crossed 20 billion for the first time in its history. UPI had earlier achieved a record of crossing 700 million transactions in a single day on August 2.

1 day ago

Why Travel Insurance Is Essential for Your Next Cruise Holiday

Cruise holidays are exciting but come with unique risks that make travel insurance essential. It protects against high costs from medical emergencies at sea, trip cancellations, lost or delayed luggage, missed departures, and extreme weather disruptions. Insurance also covers accidents during excursions, emergency evacuations, and repatriation, as well as travel delays that can add unexpected expenses. In short, travel insurance ensures peace of mind and financial protection, safeguarding your trip from start to finish.

2 days ago

Gold and silver prices hit record high this week amid global uncertainty

Gold reaches record high, poised for best month in 14 years

US gold futures for December delivery rose 0.4 per cent to $3,872. US President Donald Trump and his Democratic opponents appeared to make little progress at a White House meeting aimed at heading off a government shutdown that could disrupt a wide range of services as early as Wednesday.

2 days ago

RBI eases norms for small business loans, working capital loans to jewellers

"Banks are generally prohibited from lending for the purchase of gold or silver in any form, or lending against the security of primary gold or silver. However, a carve-out has been allowed for Scheduled Commercial Banks (SCBs) for granting working capital loans to jewellers," the statement said.

2 days ago

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Sensex, Nifty open in green as investors look for cues from RBI MPC meet

The broad cap indices, Nifty Midcap 100 and Nifty Smallcap 100, inched up 0.32 and 0.29 per cent, respectively. Titan Company, Asian Paints, Cipla, Hindalco were among the major gainers on the Nifty pack, while losers include Tata Motors, Tech Mahindra and Dr Reddy's Labs.

2 days ago

Govt gets 3,000 complaints of misleading discounts after GST cuts

The government has received nearly 3,000 complaints from consumers about misleading discounts and unfair pricing practices by retailers after the recent cuts in Goods and Services Tax (GST) rates, Consumer Affairs Secretary Nidhi Khare said on Monday.

3 days ago

Markets end flat ahead of RBI policy outcome; banking, financial services stocks rise

Sensex ended the session at 80,364.94, down 61.52 points or 0.08 per cent. The 30-share index started the session in green at 80,588.77 against last session's closing of 80426.46. The index remained range-bound despite buying in the broader market. It hit the intra-day high and lows at 80,851.38 and 80,248.84, respectively.

3 days ago

IPO Boom 2025: India's IPO market set to cross Rs 1 lakh crore for third time

Additionally, between October 3 and 7, WeWork India plans to enter the market with a Rs 3,000-crore offering. When combined, the two offerings will surpass the psychological figure of the Rs 1 lakh crore fundraising milestone in 2025.

3 days ago

India's real GDP growth projected to grow at 6.7 pc this fiscal: Report

"With Q1 FY26 real GDP growth at 7.8 per cent and stimulation of demand through GST reforms on the one hand, constrained by global headwinds affecting India's export prospects, both in goods and services, we expect India to still show an annual real GDP growth of 6.7 per cent in FY26," according to the global professional services firm.

3 days ago

RBI likely to keep repo rate unchanged amid growth risks, low inflation: Report

The central bank had last cut the repo rate by 50 basis points in June, while the August review saw the rate being held steady, according to a report by Bajaj Broking. The report said the RBI is likely to maintain the current rate as inflation remains low and manageable, but risks to growth are becoming more visible.

3 days ago

Jan 1, 1970

Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Next Week in Focus: RBI MPC, FII Trends, India-US Trade Deal Could Influence Market Moves

Market watchers anticipate a 25-basis-point (bps) rate cut in the upcoming policy. Currently, the repo rate stands at 5.5 per cent. The RBI had left the policy rate unchanged in the previous review, but since February 2025, it has lowered the repo rate by nearly one percentage point.

4 days ago

H-1B, pharma tariff jitters drag Nifty and Sensex lower this week

The IT index came under early pressure amid concerns over rising H-1B visa costs. Shares of Indian pharmaceutical companies fell on Friday after US President Donald Trump announced tariffs of up to 100 per cent on imports of branded and patented pharmaceutical drugs, starting October 1.

5 days ago