India has capped gold imports under the Advance Authorisation scheme at 100 kg, a day after significantly increasing import duties on precious metals. This move aims to tighten conditions for duty-free gold imports by jewellery exporters and curb non-essential imports amidst a ballooning import bill.
Indian investors have seen their wealth erode by a staggering Rs 16.77 lakh crore over four trading sessions, as the markets faced deep losses driven by elevated crude oil prices, geopolitical tensions, persistent foreign fund outflows, and a record-low rupee.
Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.
Fintech giant Paytm reports a consolidated profit of Rs 183 crore in Q4 FY26, marking a significant turnaround driven by its core payments business, growth in loans, and consumer-side profitability. The company is also prioritising investments in AI and has ruled out applying for an NBFC licence.
'Once the currency goes out of the hand, then possibly your major challenge is that it will not come back.'
India is set to amend its National Anti-Doping Act to criminalise the trafficking and distribution of prohibited substances to athletes, with potential jail terms for suppliers, including medical practitioners who knowingly prescribe banned drugs. The amendments are open for public feedback until June 18 and are expected to be tabled in the monsoon session of Parliament.
India will continue to purchase Russian oil based on commercial viability and energy security needs, irrespective of US sanctions waivers, according to a senior petroleum ministry official.
The Madhya Pradesh High Court has permitted a second postmortem of Twisha Sharma, a Noida woman who allegedly died due to dowry harassment. The family sought the second autopsy citing discrepancies in the first postmortem report.
A prolonged supply shock can transmit to lower incomes, and dampen confidence and sentiment, warns Aditi Nayar, chief economist, head-research and outreach, ICRA.
India's retail inflation, measured by the Consumer Price Index (CPI), increased to 3.48 per cent in April, up from 3.40 per cent in March, primarily due to a surge in prices of gold and silver jewellery, as well as certain kitchen staples like tomatoes and cauliflower.
The family consumed a main course of 'chicken pulav' along with five other guests, and once the visitors left, they consumed watermelon and began experiencing vomiting and giddiness, he said.
The Allahabad High Court has observed that throwing non-vegetarian food waste into the river Ganga could hurt the religious sentiments of the Hindu community, while granting bail to five persons accused of throwing leftovers into the river during an iftar party on a boat in Varanasi.
The upcoming Tata Sons board meeting in June could possibly throw some light on several critical issues that may have a bearing on the future of the corporate behemoth.
Veterinarians and animal rescuers in Delhi report a surge in cases of heat-related illnesses among birds and stray animals as the city grapples with a severe heatwave. Dehydration, heatstroke, and gastrointestinal infections are rampant, prompting calls for residents to provide water and shade for animals.
PepsiCo India plans a significant investment of Rs 5,700 crore by 2030 to enhance its production capabilities, focusing on its concentrate plant in Madhya Pradesh, a unit in Assam, and land acquisition in Tamil Nadu to expand its snack business footprint in South India.
The Twisha Sharma dowry death case has seen significant developments, including the arrest of her husband and a court order for a second autopsy by AIIMS Delhi. The family alleges dowry harassment, while the in-laws claim drug addiction.
The National Anti-Doping Act will be modified to criminalise trafficking and distribution of prohibited substances to athletes, with jail terms of up to five years for suppliers.
Reliance Industries Limited (RIL) faced a challenging fourth quarter, with its energy business experiencing significant headwinds, leading to overall muted results and prompting analysts to adjust their outlook, even as consumer segments like Jio and retail demonstrated robust growth.
Credit card adoption is rapidly expanding beyond India's major metropolitan areas into Tier-II and Tier-III cities, driven by increasing incomes, digital awareness, and the integration of RuPay credit cards with UPI, according to a new report by SBI Card.
Companies in the fast-moving consumer goods (FMCG) sector are losing favour with equity investors, with their price-to-earnings (P/E) ratio declining to its lowest level in six years, now trading at 38.8 times trailing earnings.
The Indian rupee plummeted to an all-time low of 95.80 against the US dollar, settling at 95.66, driven by elevated crude oil prices and escalating geopolitical tensions in West Asia, despite potential RBI intervention and import curbs on gold.
A 40-year-old man allegedly killed his father following an altercation while both were drinking in Jharkhand's Pakur district, police said on Wednesday.
A 29-year-old man died after allegedly setting himself on fire outside his wife's residence in northwest Delhi. The incident occurred after his wife left him due to domestic violence and allegations that he misrepresented himself as an Indian Forest Service officer.
Pharmaceutical major Cipla reported a 3 per cent year-on-year decline in March quarter revenue to Rs 6,541 crore, with net profit falling 55 per cent to Rs 554.6 crore, missing consensus estimates. Despite strong growth in India and Africa, a significant decline in North American sales impacted overall performance, with the company now focusing on new product launches and regulatory filings to drive future gains.
A 27-year-old man was arrested in Muzaffarnagar, Uttar Pradesh, for allegedly murdering his elder brother over a property dispute and the alleged sexual harassment of his wife.
A special court in Mumbai granted bail to an organiser of a techno concert where two MBA students died due to a suspected drug overdose. While organiser Akash Samal was granted bail, three other accused were denied relief. The concert, held at the NESCO Exhibition Centre, saw attendees allegedly consuming MDMA pills, leading to hospitalisations and fatalities.
Two police officers in Bengaluru were allegedly abused and assaulted by a group of four youths after asking them to stop consuming alcohol in a public place. Two suspects, including an engineering student and a software engineer, have been arrested, and efforts are underway to apprehend the remaining two.
Researchers at IIT Kanpur are studying alpha waves in the brain to understand how stress affects cognitive functions. The study aims to build automated models of stress dimensions using EEG and correlating them with factors like loss of control, helplessness, and anxiety.
Two teenage girls in Uttar Pradesh allegedly attempted suicide after being filmed while bathing in the Yamuna river. They consumed poison after being scolded by their families over the incident. Police are investigating.
Police in Agra have arrested a woman and her father in connection with the death of her husband, who allegedly died by poisoning nearly five months ago.
The National Consumer Disputes Redressal Commission dismissed a flat buyer's plea for a refund from a builder facing liquidation, highlighting the challenges faced by consumers in stalled real estate projects.
A mess employee at the National Institute of Technology (NIT), Kurukshetra, allegedly committed suicide on campus, marking the fifth such incident in the past three months and raising concerns about the well-being of individuals at the institution.
The National Medical Commission is emphasising the importance of preparing doctors and healthcare systems for the responsible and effective use of artificial intelligence, highlighting the need for ethical and equitable AI adoption in healthcare.
Police in Lucknow have arrested a property dealer and his accomplice for allegedly abducting a man, intoxicating him, and recording objectionable videos to blackmail him into giving up his land.
The Madhya Pradesh government has ordered a CBI probe into the death of Twisha Sharma, a woman who was allegedly harassed for dowry. Her family had requested a second autopsy, which was initially rejected by a court.
C Joseph Vijay, leader of the TVK, was sworn in as the Chief Minister of Tamil Nadu, with the oath of office administered by Governor Rajendra Vishwanath in a ceremony held at Nehru Stadium. The event was attended by Congress leader Rahul Gandhi.
A Monaco-based fuel technology company, FOWE Eco Solutions, claims its patented Cavitech fuel emulsion technology can help industries slash fuel consumption, reduce emissions, and improve equipment performance by using water in fuel.
A Monaco-based fuel technology company, FOWE Eco Solutions, claims its patented Cavitech fuel emulsion technology can help industries slash fuel consumption, reduce emissions, and improve equipment performance by using water.
A Monaco-based fuel technology company, FOWE Eco Solutions, claims its patented Cavitech fuel emulsion technology can help India reduce fuel consumption, emissions, and improve equipment performance by using water in a fuel-oil-water emulsion.
The government is identifying households with both liquefied petroleum gas (LPG) and piped natural gas (PNG) connections to enforce a ban on dual ownership, aiming to curb misuse and better target subsidies amid global energy supply disruptions.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances