India's largest commodity bourse--the Multi Commodity Exchange of India --may soon unveil futures contract in gold coins in an attempt to tap the small retail investors across India.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
'When the gold price rises rapidly, India's physical gold market remains on standby.'
rediffGURU Vivek Lala answers your income tax and personal finance queries.
This Women's Day Week, we celebrate the groundbreaking achievements of Justice Anna Chandy, Justice M Fathima Beevi and Justice Leila Seth.
Gold medal-winning archer Harvinder Singh and sprinter Preeti Pal, who won two medals at the Paralympics, will be India's flag bearers during the closing ceremony of the Paris Games on Sunday.
India's Asian Games bronze medallist Gulveer Singh smashed the Asian Indoor 5000m record while also qualifying for the World Athletics Championships to be held later this year.
Crorepatis build wealth through disciplined saving, smart investing, and strategic risk-taking, proving that true financial freedom is earned, not inherited, says Ramalingam Kalirajan
'India played well (at the Paris Olympics). Our national anthem may not have been played today, but it will be heard in the future.'
Raveena Tandon's daughter making her debut, Kangana Ranaut's controversial Indira Gandhi movie, Millie Bobby Brown's brand new sci-fi offering and more on Sukanya Verma's Holi weekend watch.
Investing is not just about setting aside money -- it's about making it work for you, says Ramalingam Kalirajan.
What fashion has in store for you in the New Year.
'Understand your financial goals. Next, categorise them by size. Then evaluate your investment options.'
Given the prevailing uncertainties, investors must maintain a 10-15 per cent allocation to gold in 2023.
Spot gold slipped 0.2 per cent to $1,579.06 an ounce.
Sebastian Coe, a contender for the International Olympic Committee (IOC) president's post, believes India's bid to host the 2036 Olympic Games is a "strong case" but acknowledges that the competition will be intense with several other countries vying for the honor. Coe, considered a frontrunner in the race to succeed Thomas Bach as IOC president, expressed his support for India's commitment to global sport and the Olympic movement.
Double Olympic medallist shooter Manu Bhaker has affirmed that Jaspal Rana will continue to be her coach despite his recent appointment as the High Performance trainer for pistol shooters.
'Paris 2024 was the first time that both the men's and women's team qualified for the team championships.' 'The women's team made it to the quarter-finals, just one short of the medal round, and the men's team also did well.' 'The mixed doubles is another event where India is doing very well.' 'So these three events are events where there is a possibility of us winning medals at the Olympics.'
The 18-year-old Gukesh's triumph was celebrated far and wide across the country with the PM joining the sports fraternity and others in lauding his incredible achievement.
'I am more optimistic about India than before.'
Belgian defender Arthur De Sloover feels the way Indian hockey is progressing over the years, the country is a "big contender" for more glory at the word stage in future.
Continuing on its record-setting spree, gold gained another Rs 133 to yet another high of Rs 19,833 per ten grams in futures trade today after the precious metal soared to an all-time high overseas.
In a cryptic Instagram post, she acknowledged her recent struggles but expressed unwavering determination to pursue her goals.
Gold Coast mayor Tom Tate said on Thursday the city could step in to host the 2026 Commonwealth Games after Victoria placed the future of the quadrennial multi-sport event in doubt.
Assam's first Arjuna Awardee sprinter Bhogeswar Baruah has criticised the state government's sports policy, saying it is not taking enough initiatives to identify and nurture talent in rural areas.
Men's hockey team captain Harmanpreet, under whose leadership India won a second successive bronze medal at the Olympics, said the honour is a recognition of his "fascinating" journey in which he still has plenty more to achieve.
Union Finance Minister Nirmala Sitharaman is often known for making statements with her sarees on Budget Day. Each year, she wears a saree that represents India's rich textile heritage and traditional craftsmanship, and this year was no different. This year, Sitharaman chose to wear a beautiful off white saree with intricate golden work, paired with a red blouse and a shawl while carrying her trademark 'bahi-khata', a tablet wrapped in a red-coloured cloth with a golden-coloured national emblem embossed on it.
Eyeing a third straight Olympic appearance in 2028 (if the sport is included in the roster) Tokyo Games bronze medallist Lovlina said she will take it one step at a time from here on.
However, Jyothi Yarraji failed to make the cut for the women's 200m final. The Indian had a timing of 23.78s.
'Asset allocation should change only if your goals, life situation, or risk profile have changed.'
Delhi's third woman Chief Minister Atishi, who replaced Arvind Kejriwal after his resignation in September last year, filed her nomination on Tuesday for the upcoming Assembly polls, declaring a net worth of Rs 76.93 lakh, with no car or house in her name. According to Atishi's affidavit submitted to the Election Commission (EC), her movable assets include Rs 30,000 cash in hand, gold jewellery worth Rs 1 lakh and approximately Rs 75 lakh held in bank accounts as fixed deposits and savings. The affidavit also revealed that Atishi does not own any immovable property.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Invest with a 5 to 7 year horizon so that you are able to ride out price volatility and benefit from the long-term trends of demand and macroeconomic shifts.
After successfully defending her Australian Open trophy in January, Aryna Sabalenka won the US Open crown in September for her third Grand Slam title.
Neeraj Chopra has displayed sizzling form in season 2023, winning almost everything on offer. However, the star athlete has no qualms admitting that defending his gold medal at the Paris Olympics will be a huge challenge since maintaining top form on a consistent basis is not easy.
Dozens of Indian immigrants, mostly from Punjab, were deported from the United States after attempting to enter the country illegally. They were returned to India in shackles, having spent lakhs of rupees on the journey. Many of the deportees said they were duped by travel agents who promised them a better life in the US. Their families had sold land, borrowed money, and mortgaged their properties to finance the trip. The deportees are now facing a bleak future, having lost their money and their dreams of a better life in the US.
Here's a formula that helps you understand how much money you will need to retire early in India and simple steps to achieve it.
Reversal is because of strengthening rupee, subdued demand, and lack of reasons for bulls to continue positions and speculation of reduction in import duty.
The Reserve Bank of India's (RBI's) $10 billion US dollar-rupee buy-sell swap auction for three years received bids worth $16.23 billion on Friday, reflecting robust demand amid persistent liquidity deficit in the banking system. This was the second swap auction by the central bank after it infused $5 billion via six month-swap on January 31.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
