Only investors with knowledge of cryptocurrencies, long-term conviction, and a long horizon should invest in this asset class.
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
The Tamil Nadu Government Transport Corporation depot in Madurai is facing a problem of plenty: its coffers are overflowing, literally, with coins with banks refusing to accept them.
The Reserve Bank of India-constituted committee on procedures and performance audit on public services (CPPAPS) has recommended early introduction of coins of Rs 10 denomination.
Companies like state-owned Mahanagar Telephone Nigam Limited, Tata Teleservices Limited, Reliance Communications and Bharti Airtel are rolling out coin-operated PCOs that will support international calls across the country.
The Uttar Pradesh assembly on Tuesday passed the UP Prohibition of Unlawful Conversion of Religion (Amendment) Bill, 2024 that provides for a maximum punishment of life imprisonment, making the law stricter in cases of fraudulent or forced conversion.
Proposals to scrap the time-honoured tradition of a coin toss prior to Test matches defy logic and should not be considered, according to several former South Asian cricket captains.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
The coin toss gave the Alaskan Knights the white pieces, with 20 minutes per player on the clock -- 40 minutes are alloted a match.
Day two at the Tech Mahindra Global Chess League Season 2 featured a highly anticipated duel between league favorites, the Alpine Sg Pipers, and reigning champions, the Triveni Continental Kings.
Gold, silver and other precious metals along with imported mobile phones, certain cancer drugs and medical devices are set to become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in customs duty in the Union Budget 2024-25.
Gold prices have been on an uptrend in the last few months, rising nearly 28 per cent to $2387 per ounce now. This rise in gold price, according to Christopher Wood, global head of equity strategy at Jefferies, is attributed to the demand from China amid lack of investor euphoria as regards the yellow metal. "Recent developments show a distinct lack of investor euphoria as regards gold, the question remains what is driving the current rally.
Tirumala, the popular hill shrine in Andhra Pradesh, is embroiled in a gold coin scam following the alleged misappropriation of 300 gold coins, worth over Rs 15 lakh.
The eulogies will pour for Ustad Zakir Hussain. There will be those who recount his genius, his enterprise, his achievements, his grace, and his charm. I have no selfies or autographs to remember him by, but I will never forget his most generous and gracious gift to me -- one day in heaven, among the celestial ensemble of Indian music.
The coins will be circular in shape and have a diameter of 23 millimetres.
A single security lapse could lead to complete wipe out of your crypto assets in seconds, with no recovery in sight, warns Nikhil Sethi.
The coin is pure gold, weighs about 100 kilogram and has a face value of $1 million (Rs 6.5 crore).
R-Money, the Anil Ambani group's retail brokerage arm, will introduce gold coins in smaller denominations of half gram and one gram in the market. The market is currently dominated by 5-gm and 8-gm coins.
"We wonder if the UPA government, which has become synonymous with appeasement politics, is coming out with a new trend to use religion on money as well," Malhotra said.
Showing total disregard for the US constitution, Trump has said that this could be the last election to be held in the country. A Trump presidency could lead to mass deportation of undocumented migrants and harsh family separation, warns Aseem Chhabra.
For the first time in the country's minting history, government will issue coins of Rs 150 denomination.
India has over 19 million cryptocurrency investors out of which nearly nine per cent are women, data from a report by cryptocurrency exchange platform CoinSwitch showed. Nearly 75 per cent of cryptocurrency investors belong to a young demographic, with ages spanning from 18 to 35 years, the report noted. This represents a significant interest in crypto among young users.
In a sign of the expanding Apple supplier ecosystem in India, American multinational Jabil Inc will set up an electronics manufacturing facility in Tiruchirappalli, Tamil Nadu with an investment of Rs 2,000 crore. Jabil is one of the 14 Apple suppliers in India, of around 200 globally, while another 14 have reportedly received preliminary clearance to form joint ventures with Indian companies to set up facilities. Interestingly, of the 14 existing manufacturing units in the Apple supply chain, seven are already in Tamil Nadu.
The cryptocurrency exchanges in India have got a fresh lease of life following the bull run in Bitcoin, which briefly hit a new all-time high of more than $69,000. Siddharth Sogani, managing director of CREBACO, expects the price to cross $1,00,000 by the end of the year. This will see a sharp reversal in the Indian market, which has largely been dormant since the new tax regime was implemented in 2023.
RBI said these coins are legal tender as provided in The Coinage Act 2011.
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But retailers say this enthusiasm, which helped push prices back up again, is faltering with some investors looking for another fall before they buy more.
India's gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India's gold demand in value terms rose 20 per cent on an annual basis to Rs 75,470 crore during the January-March period of this year on volume growth as well as a rise in quarterly average prices by 11 per cent.
Gold is back in favour with consumers shifting their focus on the precious metal on the back of moderation in prices.
Success and failure are two sides of the same coin, says rediffGURU and Mental Health Expert Anu Krishna. Remind yourself that the feeling of anxiety, disappointment and anger is not permanent.
Earlier, the RBI had imposed similar restrictions on commercial banks and NBFCs.
The firebrand Gautam Gambhir announced his arrival as India's head coach by successfully ensuring the ascension of Suryakumar Yadav as the new T20 captain in place of Hardik Pandya
The life insurance industry does not have a good track record when it comes to passing on tax benefits to policyholders, points out Harsh Roongta.
Take the rediff business quiz and see how much you know about India's currency and coins.
Australia has unveiled the world's largest gold coin, weighing a massive 1,000 kg to mark the visit of Queen Elizabeth II.
Chidambaram said banks have been asked to strictly adhere to the norms on gold imports.
Wants to help govt fight the widening current account deficit.
Kamala has finessed bubblegum conversation about whether she is Black or Indian. Her Irrelevancing-approach, an Irrelevance-code if you will, is Elevated and Elegant -- this is the Elevance of Kamala! asserts economist Dr Anuradha Luther Maitra.
