Economy News

RBI urges banks to use AI, strengthen cybersecurity

RBI held its half-yearly meeting with the heads of public and select private sector banks in Mumbai, where Governor Sanjay Malhotra urged lenders to adopt artificial intelligence (AI), strengthen cybersecurity and enhance customer-centric services

20 days ago

Global crude oil prices hit four-week high amid escalating US-Iran conflict

Global crude oil prices surged to a four-week high on Tuesday as escalating US-Iran tensions and renewed military activity around the Strait of Hormuz fuelled concerns over global energy supplies. Brent crude rose above $85 per barrel, w

21 days ago

Gold, Silver Outlook Next Week, MCX Gold Falls 2.65% & Silver Slides 6.2% As US-Iran Tensions, Inflation Data Remain In Focus

Gold and silver may remain under pressure next week as investors track the US-Iran conflict, inflation data and global economic indicators. Analysts expect volatility to continue while stronger US dollar and higher yields limit gains in bullion.

23 days ago

Gold Rate Today, July 11: Gold, Silver Prices Ease; Check Latest 18K, 22K & 24K Rates in Major Cities

Gold prices slipped slightly across domestic markets on July 11, with 24-carat, 22-carat and 18-carat gold rates declining in major cities, while silver also remained under pressure. Bullion prices continue to be influenced by global market trends, the rupee-dollar exchange rate,

24 days ago

Onion Prices Jump in Chennai as heavy rains in Maharashtra Disrupt Supply

Daily arrivals at the Koyambedu Wholesale Market have fallen from 60-65 truckloads to around 30-35, pushing wholesale prices up by about Rs 10 per kg to Rs 30-35 per kg. Traders have warned that prices could rise to Rs 50-60 per kg if supplies do not improve, while tomato and most other vegetable prices remain stable.

24 days ago

India's foreign exchange reserves surged by $7.260 billion to $674.193 billion in the week

India's forex reserves rise $7.26 billion to $674.193 billion, $54 Billion Less from Record High

Banks have also mobilised an estimated $3-4 billion through the revised FCNR-B deposit scheme, with inflows expected to accelerate as awareness grows among NRIs, particularly in the Gulf region. Bankers estimate the scheme could eventually attract $40-50 billion in fresh deposits.

25 days ago

Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

Crude oil surges over 6 pc to near $80 as war between Iran and US is over

International oil benchmark Brent crude climbed as much as 6.52 per cent or $4.69 to trade near $80 a barrel. Similarly, US benchmark West Texas Intermediate (WTI) advanced more than 6 per cent or $4.85 to around $75 a barrel.

27 days ago

Why is NSE's IPO being delayed?

The key hurdles include the co-location case, legal disclosures and the formal completion of a proposed Rs 1,491.21 crore settlement with SEBI. Despite the delays, the IPO is expected to value NSE at over Rs 5 lakh crore, making it one of India's biggest public offerings.

29 days ago

Adani investors lost no money in securities, says US DoJ

US DoJ says Adani investors suffered no losses, calls Biden-era indictment a case it was likely to lose

The Department said the alleged conduct was centred in India, where authorities had already examined the matter and found no actionable misconduct. It also noted there were no investor losses linked to the securities involved and denied that its decision was influenced by prospective U.S. investments

Jul 5, 2026

Gold, silver trade mixed amid hopes Fed may hold interest rates

Gold, silver rates update: Gold slips as silver posts gains

On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,43,882 per 10 grams, down Rs 548 or 0.37 per cent from the previous close of Rs 1,44,430.

Jul 2, 2026

RBI appoints Ravi Shankar as Executive Director effective July 1

As a career central banker statistician, Shri Shankar has experience of over three decades in the Reserve Bank having worked in the areas of corporate, banking statistics, government securities market and settlement systems, debt management, and surveys in the Reserve Bank.

Jul 1, 2026

Trump reports at least $1.4 billion in 2025 crypto earnings

The filing shows hundreds of millions of dollars earned through token sales, equity transactions, staking rewards and digital asset holdings linked to World Liberty Financial and other crypto ventures. It also highlights significant holdings in Bitcoin, Ethereum and other digital assets.

Jul 1, 2026

Commercial LPG Prices Slashed; Govt Raises Petrol Export Tax, Cuts Diesel & ATF Levy; check prices here

Commercial LPG Prices Slashed; Govt Raises Petrol Export Tax, Cuts Diesel & ATF Levy; Check Updated City-Wise Rates

Oil marketing companies (OMCs) have reduced commercial LPG cylinder prices by up to Rs 183.5, offering relief to businesses. Meanwhile, the government has revised the windfall tax structure by increasing the levy on petrol exports while reducing taxes on diesel and aviation turbine fuel (ATF) exports.

Jul 1, 2026

High Gold, Silver Prices Push Buyers Towards Lightweight Jewellery

Historic highs in gold and silver prices during the first half of 2026, followed by a sharp correction, have reshaped consumer behaviour and the outlook for India's gem and jewellery industry, according to the All India Gem and Jewellery Domestic Council (GJC).

Jul 1, 2026

Govt reappoints Ravi Agrawal as CBDT Chairman for six months

His extension comes as direct tax collections continue to record healthy growth, with net collections rising 14.64 per cent year-on-year to Rs 5.21 lakh crore during April 1-June 17 of the current financial year

Jun 30, 2026

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Economy News

RBI urges banks to use AI, strengthen cybersecurity

Global crude oil prices hit four-week high amid escalating US-Iran conflict

Gold, Silver Outlook Next Week, MCX Gold Falls 2.65% & Silver Slides 6.2% As US-Iran Tensions, Inflation Data Remain In Focus

Gold Rate Today, July 11: Gold, Silver Prices Ease; Check Latest 18K, 22K & 24K Rates in Major Cities

Onion Prices Jump in Chennai as heavy rains in Maharashtra Disrupt Supply

India's forex reserves rise $7.26 billion to $674.193 billion, $54 Billion Less from Record High

Crude oil surges over 6 pc to near $80 as war between Iran and US is over

Why is NSE's IPO being delayed?

US DoJ says Adani investors suffered no losses, calls Biden-era indictment a case it was likely to lose

Gold, silver rates update: Gold slips as silver posts gains

RBI appoints Ravi Shankar as Executive Director effective July 1

Trump reports at least $1.4 billion in 2025 crypto earnings

Commercial LPG Prices Slashed; Govt Raises Petrol Export Tax, Cuts Diesel & ATF Levy; Check Updated City-Wise Rates

High Gold, Silver Prices Push Buyers Towards Lightweight Jewellery

Govt reappoints Ravi Agrawal as CBDT Chairman for six months

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react