Kochi: Gold prices continue their meteoric rise, shattering previous records and edging closer to the ₹63,500 mark. After breaching ₹63,000 per sovereign yesterday, prices climbed further by ₹200 today, reaching ₹63,440 per sovereign. The per-gram price also saw a ₹25 jump, now standing at ₹7,930. The surge is driven by investors flocking to gold as Read More…
Mumbai: The Indian Rupee, which showed signs of recovery yesterday, slipped again today, losing 9 paise in early trading. The rupee is currently trading at 87.16 against the US dollar. The ongoing trade war between the US and China, where both nations have imposed tariffs on each other, continues to influence the rupee’s movement. Yesterday, Read More…
The Indian rupee hit a new record low of 87.29 against the US dollar on February 3, 2025, as concerns over a global trade war fueled a surge in the greenback. The sharp depreciation follows US President Donald Trump’s decision to impose new tariffs on imports from Mexico, Canada, and China, further escalating trade tensions Read More…
From February 1, 2025, UPI transactions will be blocked for apps that use special characters in transaction IDs, following new guidelines issued by the National Payments Corporation of India (NPCI). The move is aimed at boosting security, streamlining payments, and reducing fraud risks by enforcing a standardized format for transaction identification. Banks and payment providers Read More…
Kochi: Gold prices in Kerala have soared to an all-time high, with one sovereign (8 grams) now priced at ₹60,760, reflecting a ₹680 increase. The price of one gram of gold has risen to ₹7,595, marking a ₹85 jump. Despite a slight dip in the past two days, gold rates continue to remain above the Read More…
NITI Aayog’s latest Fiscal Health Index (FHI) has flagged Kerala as one of the most fiscally strained states in India. The index, which evaluates the financial performance of 18 major states across five parameters—Quality of Expenditure, Revenue Mobilization, Fiscal Prudence, Debt Index, and Debt Sustainability—ranked Kerala poorly due to concerns over debt sustainability and inefficient Read More…
The Reserve Bank of India (RBI) has imposed hefty penalties on three banks for non-compliance with various regulatory guidelines. These fines, running into crores, were levied following investigations that revealed significant lapses in adherence to banking norms and operational practices. While the RBI has not disclosed specific names in its preliminary statement, the violations reportedly Read More…
The Karnataka government is set to draft a new bill to address concerns over the activities of microfinance firms operating in the state. Law Minister HK Patil, speaking after a cabinet meeting on Friday, stated that the Reserve Bank of India (RBI) and other central finance agencies have been unable to effectively regulate these firms, Read More…
New York: U.S. President Donald Trump has reiterated his warning to BRICS nations, including India, against replacing the U.S. dollar with an alternative currency. Speaking after being sworn in as the 47th President on Monday, Trump declared that any such move would result in a 100% tariff on trade with the U.S. “If BRICS nations Read More…
Gold prices in India have reached an unprecedented high, with one sovereign (8 grams) now priced at ₹60,200—a sharp increase of ₹600. The surge is attributed to global economic concerns and the weakening of the U.S. dollar, which has intensified demand for the precious metal. On the international stage, spot gold prices have hit an Read More…