Finance

Govt reviews RBI's proposal on opening foreign bank branches, Indian banks' global expansion

During the IDC meeting, the Committee also reviewed proposals from Indian banks seeking to expand their presence abroad through similar arrangements. Furthermore, the IDC examined requests from foreign banks for relocation of their existing branches within India. After due consideration, the Committee recommended the proposals placed before it.

13 days ago

Gold, silver tumble as hopes of December Fed Rate cut fade

Gold and silver prices dropped sharply in the domestic futures market on Tuesday morning as hopes of a US Federal Reserve rate cut in December faded and concerns over US tariffs eased. This reduced the appeal of safe-haven assets like bullion.

15 days ago

1 more repo rate cut by RBI likely in MPC review in December: Economists

Several major GST-affected categories did not show full transmission in October which implies further spillover into November. Nov CPI is currently tracking 0.9 per cent, with a downside due to GST spillover. FY26E headline CPI is now less than 2 per cent, implying further downside of 50 bps to RBI's forecast of 2.6 per cent.

20 days ago

Indian rupee expected to trade in 88.5‑89 per dollar range till Nov end: Report

Any positive development on the US-India trade deal is likely to lift investor sentiments, the bank said, adding that concerns about higher US tariffs' impact on the domestic economy are weighing on foreign portfolio investor (FPI) flows.

21 days ago

Gold prices rise to 3-month high on back of safe-haven demand

Gold and silver prices up by 2% amid positive global cues

At around 10 a.m. on the Multi Commodity Exchange (MCX), the price of the December 5, 2025 contract for gold rose 1.16 per cent to Rs 1,22,468 per 10 grams, and the price of the December 5, 2025 contract for silver rose 1.99 per cent to Rs 1,50,666 per kg.

23 days ago

Gold, silver prices drop ahead of key US inflation data

Gold gains from 1-week low as dollar declines amid peak wedding season demand

The dollar index fell approximately 0.20 per cent but stayed above the 100-mark, close to a four-month high. Meanwhile, US 10-year yields remained just below their highest level in nearly a month, weighing down on the bullion.

26 days ago

Silver hits record high above $52.50 as safe-haven demand fuel rally

Silver trades flat, 8% off peak level

Metal prices fell from a session high of Rs 1,70,415 per kilogramme to a low of Rs 1,53,700, before closing at Rs 1,57,300, marking a 0.44 per cent increase from the previous close.

Oct 20, 2025

How to use a housing loan EMI calculator to plan your loan repayment

The home loan eligibility calculator set your safe borrowing band, shape your monthly outgo with the EMI calculator, and use a prepayment calculator for home loans to accelerate freedom from debt.

Oct 15, 2025

MedPlus Health's shares fall over 3 pc after drug license suspension of subsidiary stores

The fall in MedPlus shares came after its subsidiary, Optival Health Solutions Private Limited, received a suspension order for a drug license at one of its stores in Karnataka.

Oct 13, 2025

High-Return Investment Options with Tax Benefits

When choosing the best investment plan from the above options that also offers tax savings, remember that certain tax benefits are only available under the old regime

Oct 9, 2025

From sugar to IT exports, GST rejig to boost Maharashtra's economy

The GST reduction on refined sugar from 12 per cent to 5 per cent will lower sugar prices by around 7 per cent at whole sale level, benefiting India's largest sugar producer-Maharashtra's sugar belt, comprising of Kolhapur, Sangli, Satara, Pune, Solapur, and Ahmednagar.

Oct 5, 2025