A woman withdraws gold coins from India’s first Gold ATM, Begumpet in Hyderabad | Photo Credit: NAGARA GOPAL Hyderabad-based ‘Goldsikka’ on Saturday unveiled an AI-powered Gold-Melting ATM offering users the ability to buy, sell, exchange, lease, digitise and monetise gold and gold jewellery. Goldsikka which launched India’s first real-time Gold ATM in 2022, is introducing…
Image used for representative purpose only. | Photo Credit: REUTERS The rupee traded in a narrow range and depreciated 4 paise to 85.63 against the U.S. dollar in early trade on Wednesday (July 2, 2025), as market awaits the conclusion of India-US trade deal, which is at its final stage. Forex traders said the dollar…
Union Finance Minister Nirmala Sitharaman addresses the India Exim Bank Trade Conclave 2025, in New Delhi, on June 24, 2025. | Photo Credit: PTI The Modi government’s approach towards enhancing India’s exports has meant that exporters no longer have to be located in Special Economic Zones (SEZs) to export their goods, Union Finance Minister Nirmala…
The share of gold held by the Reserve Bank of India in its foreign exchange reserves has doubled in the last four years as on March-end, a report by the RBI showed on Monday. In dollar value terms, the share of gold in the total foreign exchange reserves increased to about 11.70 per cent by…
The 30-share BSE Sensex climbed 236.56 points to 83,933.85 in early trade. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty rallied in early trade on Wednesday (July 2, 2025) amid optimism around a possible trade agreement with the US. Buying in IT blue-chip stocks also drove the equity markets higher during the initial…
From the Sensex constituents, Adani Ports, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finserv and Titan were among the biggest gainers. File | Photo Credit: PTI Equity benchmarks Sensex and Nifty on Tuesday (June 24, 2025) gave up most of their sharp intra-day gains due to the emergence of profit-taking as investors turned cautious amid…
The Reserve Bank of India added more gold in its reserves in FY25 vs FY24, with the quantity of the yellow metal it bought more than doubling to 57.49 tonnes from 27.46 mt, per RBI’s Half Yearly Report on Management of Foreign Exchange (FX) Reserves. Simultaneously, the share of gold in value terms in forex…
Representative image | Photo Credit: Reuters The rupee depreciated 9 paise to close at 85.68 (provisional) against U.S. dollar on Wednesday (July 2, 2025), on weak domestic equity markets and a rise in crude oil prices. Forex traders said a slight recovery in the U.S. dollar too weighed on the rupee as market players await…
Is the Centre financially squeezing the States? The question arises as the Union government has been increasingly sharing less revenue with the States at a time when the ability of the States to generate revenue has weakened and their borrowing capacity curtailed. In 1962, several States complained to the Third Finance Commission (FCIII) about a…
The growth in gold loans of banks reached an all time high in the financial year 2024-25. According to the latest data of Reserve Bank of India the gold loan portfolio of scheduled commercial banks increased 87.4 percent in the April 2024 and February 2025 period of the last financial year as against 15.4 percent…
