Praveen Kumar etched his name in India's sporting folklore with a gold medal in the men's high jump men's high jump T64 event at the Paralympics on Saturday.
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.
US President Donald Trump has announced a 25 per cent plus tariff on India from Aug 1. Trump, describing India as a "friend", said the US has done relatively "little business" with the country because of its high tariffs.
The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal's Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to "facilitate closure of transactions in the pipeline", the regulator said in a statement.
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the yellow metal and silver to 6 per cent.
Jharkhand defeated Maharashtra 2-1 to bag the bronze medal.
Fine furniture is now about soul, not just status, whether it's a bar cabinet with elaborate French marquetry or a delicately curved Italian leather sofa.
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.
India lost their openers Yashasvi Jaiswal and K L Rahul on a green top but did well to reach 72 for two at lunch on Day 1 of the series-deciding fifth Test against England at The Oval, London, on Thursday.
Defending champion Neeraj Chopra signed off with a silver medal in the Olympics men's Javelin Throw in Paris on Thursday. Pakistan's Arshad Nadeem was a class above the field, setting a new Games record of 92.97 metres for the gold medal.
Sneha Kolleri, a member of the 4x400m women's relay squad, has been provisionally suspended by the Athletics Integrity Unit (AIU) after returning positive for stanozolol.
The Supreme Court of India has made public the asset details of its judges, including Chief Justice Sanjiv Khanna who has Rs 55.75 lakh in a fixed deposit, a three-bedroom DDA flat in south Delhi, and a four-bedroom apartment measuring 2,446 square feet in the Commonwealth Games Village. The court has also uploaded the complete process of appointments to the high courts and the Supreme Court on its website for public awareness.
Sweden's Mondo Duplantis broke his own pole vault world record when he cleared 6.26 metres at the second attempt at the Silesia Diamond League meeting on Sunday.
Nikita Dutta has the innate ability to create versatile looks by blending multiple fashion elements.
Finance Minister Pranab Mukherjee on Monday broke hearts of fairer sex by increasing import duty on gold bars, but tried to be even handed by raising income exemption limit for women by Rs 10,000 and by exempting excise on branded jewellery.
Indian men's hockey team beat Great Britain 4-2 in shoot-out to enter the semi-finals and remain on course to win its second consecutive Olympic medal.
The 33-year-old midfielder from Punjab, a place synonymous with Indian hockey folklore, now stands as the second-highest capped Indian men's player of all time, behind only former Captain and current Hockey India President Dr. Dilip Tirkey (412 caps).
The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government. The Department of Financial Services (DFS) in a communication addressed to heads of public sector banks has asked them to look at their system and processes related to gold loan. "We have asked banks to undertake comprehensive review of the gold loan business," financial services secretary Vivek Joshi told PTI.
Over three kg of gold, worth Rs 91 lakh, was seized on Sunday in two separate cases at Chennai and Kochi airports.
In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.
The gold prices surged by Rs 100 to close at Rs 14,750 per ten gram in the bullion market on Monday influenced by budgetory proposals to hike import duty on gold bars even as the metal in overseas market quoted lower.
Simone Biles clinched her fifth Olympic gold medal as she made a triumphant return to the women's gymnastics team final at the Paris Games on Tuesday, reinforcing her status as one of the greatest athletes just three years after withdrawing from the same event at the Tokyo Games.
The pros and cons of investing in gold coins and bars, jewellery, gold ETFs and gold mining stocks.
'It is the best avenue for investors who would like to take long-term exposure to gold.'
The Karnataka Industrial Area Development Board (KIADB) has confirmed that Kannada actor Ranya Rao, recently arrested for gold smuggling, was allotted 12 acres of industrial land in 2023 by the previous BJP government for setting up a steel plant. The allocation was approved during a state-level meeting in January 2023, when the BJP was in power. The Congress government, which came to power after the May 2023 elections, has released documents confirming the land allotment. Ranya Rao was arrested after gold bars worth Rs 12.56 crore were seized from her at Bengaluru airport.
Thanks to a close one's illness, I have seen quite a few hospital rooms in the past half a year or so. They have revived my respect for life reinterpreted via its essentials, notes Shyam G Menon.
Retail investment demand for gold bars and coins as well as central bank purchases pushed the global gold demand by 28 per cent to 1,181.5 tonnes in the September quarter, according to the World Gold Council report. The total global demand stood at 921.9 tonnes during the July-September quarter of 2021, the World Gold Council's 'Gold Demand Trends Q3 2022' showed on Tuesday. Investment was down 47 per cent year-on-year as gold backed Exchange Traded Fund (ETF) investors responded to a challenging combination of higher interest rates and a strong US dollar with significant outflows of 227 tonnes.
Gold loan is currently the fastest-growing loan category (among the various types disbursed to individuals). On February 26, 2021, the outstanding loan against gold jewellery stood at Rs 56,596 crore. By February 25, 2022, it had risen to Rs 71,408 crore, a year-on-year growth of 26.2 per cent, according to the Reserve Bank of India's (RBI's) data. Several factors are driving the demand for gold loans.
'While investors believe in India's long-term growth story and resilience amid global uncertainty, they see near-term risks around the direction of a global trade war.'
With this, India's medal tally in the continental event swelled to six.
From stunning animal portraits to captivating glimpses of behaviour in their natural habitat, the World Nature Photography Awards contest showcases the intricate relationship between animals, plants, fungi, and humans.
The Supreme Court of India questioned the Enforcement Directorate (ED) about the continued incarceration of former West Bengal minister Partha Chatterjee, who is accused in a cash-for-job scam. The court expressed concern about the length of his detention and questioned the message it sends to society regarding corruption. The court also considered whether releasing him would impact the investigation and what conditions could be imposed to ensure his compliance. The court reserved its order after hearing arguments from both sides.
This modelesque beauty is taking us on a whirlwind tour of fabulous looks that are pure gold.
Brazilian Rebeca Andrade won gold in the women's vault at the Artistic Gymnastics World Championships in Antwerp on Saturday after a fall by Simone Biles denied the American another win.
Pole vaulter Armand Duplantis marked his return from a winter break with a stunning jump of 6.10 meters to set a new meet record at the ISTAF Indoor meet in Berlin.
A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in the Indian market as more investors veer towards safe-haven assets. In a year where volatility was more a norm than an exception, gold prices in the international market oscillated from a peak of $2,070 per ounce in March to a low of $1,616 per ounce in November and is steadily recovering since then, according to market experts. At the beginning of 2022, gold prices were around $1,800 an ounce.
IMAGES from the IPL match between Delhi Capitals and Rajasthan Royals played in New Delhi on Wednesday.
