LIC gets ₹61,147 crore income tax demand for FY22, to challenge order

LIC gets Rs 6,146.71 crore income tax demand for FY22, to challenge order

LIC has received a tax demand of LIC gets Rs 6,146.71 crore income tax demand for FY22, to challenge order plus interest for FY22. The demand arises from adjustments treating interim bonuses and negative reserves as income. LIC plans to appeal the order before the Commissioner of Income Tax (Appeals), stating the issue will not materially impact its operations. Mar 26, 2026
Gold, silver surge up to 6 pc amid fresh West Asia developments

Gold, silver surge up to 6 pc amid fresh West Asia developments

On the Multi Commodity Exchange (MCX), gold futures (April 2) advanced as much as Rs 5,658 or about 4 per cent to an intraday high of Rs 1,44,570 per 10 grams by 10:26 am. The yellow metal was later trading at Rs 1,44,410, up Rs 5,498 or 3.96 per cent. Mar 25, 2026
Gold and silver prices tumble over 4 pc as West Asia tensions ease

Gold and silver prices tumble over 4 pc as West Asia tensions ease

Gold and silver prices dropped sharply as easing tensions in West Asia reduced demand for safe-haven assets. The decline followed remarks by Donald Trump about a temporary pause in strikes on Iran, boosting hopes of de-escalation. Gold and silver futures on MCX and COMEX fell. Mar 24, 2026