HYDERABAD: The rapidly escalating trade tensions between the US and China propelled gold past the $3,200/ounce mark for the first time on Friday. This in turn also pushed the price of the yellow metal in the domestic market a step closer to the psychologically important Rs 1 lakh/10-gram mark, to Rs 96,000 by Friday evening,…
MUMBAI: Markets regulator Sebi on Friday warned people about the proliferation of securities market-related fraudulent activities using various social media platforms (SMPs). It also asked people to report such activities on its portal, at https://mi.sebi.gov.in/.With the rise in digital platform usage, fraudsters are enticing victims through trading advice disguised as educational content, Sebi said in…
MUMBAI: Total assets managed by the mutual fund (MF) industry jumped 23% or Rs 12.3 lakh crore in fiscal 2025 to settle at Rs 65.7 lakh crore. Of this, about Rs 8 lakh crore came though fresh inflows, while the balance was due to mark-to-market gains, data released by industry trade body AMFI showed.At close…
MUMBAI: RBI has proposed a new route for banks and NBFCs to offload bad loans, allowing them to bundle and sell stressed assets directly to investors through special purpose entities set up by regulated financial firms. Until now, only asset reconstruction companies handled such assets. The move, announced with the April monetary policy, is intended…
Foreign exchange reserves stood at $ 676.3 billion as on April 4, 2025, up $10.9 billion from the previous week. Compared to end-March 2025, the reserves rose by $ 7.9 billion, and were higher by $ 27.7 billion on a year-on-year basis. The $10.9 weekly increase took place during the week which saw the dollar…
MUMBAI: The RBI on Friday said it will buy govt securities of various maturities aggregating Rs 40,000 crore on April 17. This will be the third open market operation (OMO) purchase of gilts by the central bank in the current fiscal. The first one of Rs 20,000 crore was conducted on April 3 while the…
BENGALURU: Byju’s Alpha, a US-based financing arm of the edtech firm, said on Thursday that it filed a lawsuit in a US court against its co-founders Byju Raveendran and Divya Gokulnath, and former chief strategy officer and senior executive Anita Kishore. The complaint accuses them of engineering a fraudulent scheme to transfer $533 million in…
Gold prices in India skyrocketed by Rs 6,250 on Friday to reach a historic high of Rs 96,450 per 10 grams in the national capital, fuelled by robust demand from local jewellers and soaring global prices driven by heightened US-China trade tensions, according to the All India Sarafa Association.Reversing a four-day decline, gold of 99.5%…
Investor wealth surged by a massive Rs 7.85 lakh crore on Friday, driven by a sharp rally in Indian stock markets after the US suspended additional tariffs on India for the next 90 days, until July 9.The 30-share BSE Sensex soared 1,310.11 points (1.77%) to close at 75,157.26, with a daily high of 75,467.33, up…
US stock markets opened in negative territory Thursday morning, as investors remained cautious after a week marked by sharp swings and heightened volatility. The early declines come as investors analyse economic data, rising bond yields, and global uncertainty heading into the final sessions of a particularly turbulent week.As of 11:10 a.m. ET, the Dow Jones…
