The coins will be circular in shape and have a diameter of 23 millimetres.
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.
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.
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
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.
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.
For the first time in the country's minting history, government will issue coins of Rs 150 denomination.
He also urged all the ministers, MLAs, and public representatives to respect party workers.
Gold seems to be losing its glitter in India due to a rise in prices. Demand in Q2CY24 was 149.7 tonnes - a 5 per cent drop compared to 158.1 tonnes in the same period last year, according to a report by the World Gold Council (WGC). Demand by value in April-June 2024 stood at Rs 93,850 crore, up by 14 per cent compared to Rs 82,530 crore in the same period last year.
At a time when Flipkart has entered the quick-commerce race with a service called "Minutes", executives at rival players said they are in a wait-and-watch mode. They said they would be concerned only once the e-commerce firm is able to succeed in this space. The Walmart-owned firm's quick-commerce service has gone live in some parts of Bengaluru, putting it in competition with firms such as Zepto, Swiggy's Instamart, and Zomato's Blinkit.
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.
WazirX lost about 45 per cent of its crypto assets to the security breach. People privy to the discussions say North Korea has been mentioned.
If you see 'Made in India' apparel at any of the IOC's retail channels, it may have well come from Tiruppur, manufactured by a firm, which is owned by a mother-daughter duo, called Back Bay India.
Gold is back in favour with consumers shifting their focus on the precious metal on the back of moderation in prices.
Earlier, the RBI had imposed similar restrictions on commercial banks and NBFCs.
Markets regulator Securities and Exchange Board of India (Sebi's) measures to curb speculative activity in the Rs 450-trillion-a-day futures and options (F&O) market is not a case of "throwing the baby out with the bathwater," whole-time member (WTM) Ananth Narayan said on Friday. "As a regulator, we are conscious that we must not throw the baby out with the bathwater. "When it comes to frenzied trading in options nearing expiry, however, it is difficult to see any baby in this bathwater," he said while delivering his address at the 21st FICCI Annual Capital Markets Conference.
Australia has unveiled the world's largest gold coin, weighing a massive 1,000 kg to mark the visit of Queen Elizabeth II.
Take the rediff business quiz and see how much you know about India's currency and coins.
Wants to help govt fight the widening current account deficit.
Chidambaram said banks have been asked to strictly adhere to the norms on gold imports.
Chelsea striker Didier Drogba will discover Tuesday whether he is to be punished for throwing a coin at Burnley fans after the FA said he had admitted a charge of violent conduct.
The company, which is bullish on its growth prospects, plans to double the gold coin sales from the current 1,000 kg by the end of the current financial year.
He later hands it over to authorities, who now wait for the Archaeological Survey of India ASI to take custody. Rachna Parmar reports.
If Rashid cannot be the king, he could be the kingmaker after October 8 when the results to the J&K assembly are declared.
Discover our country through great Indian rail trips!
The gold coins would be bought with the contributions, collected from the representatives of the 1,200 member-association, he said. The weight of the coins would be decided according to the total amount collected, James, a physics post-graduate who passed out from the college in 1984, said.
The first production run will be for 50,000 pieces.
The world's first gold vending machine unveiled at Abu Dhabi's Emirates Palace hotel, began attracting customers minutes after it was opened.
Good days never come. The slogan of achhe din is a bone stuck in the throat for the National Democratic Alliance government, Gadkari said.
Saturday's Quad meeting in Delaware is taking place against the backdrop of China's assertive behaviour in the South China Sea, its sabre-rattling in the Taiwan Strait and increasing footprints in the Pacific and Indian Ocean, asserts Rup Narayan Das.
This movie is perfect for all ages. Avan Verma gives his thumbs up.
'A lot of them are converted to other tokens, and since crypto is dealt with internationally, it can go to any exchange in any country.'
There are tweaks in references to B R Ambedkar's experience about the discrimination.
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Earlier, similar restrictions were imposed on commercial banks.
