On the Multi Commodity Exchange (MCX), the October contract of gold surged ₹1,131 or 1.06% to touch a lifetime high of ₹1,07,807 per 10 grams before ending marginally lower at ₹1,07,740 per 10 grams. After scaling record highs last week, gold prices may face some short-term profit booking, with the precious metal’s future direction dependent…
Representative image | Photo Credit: Getty Images/iStockphoto Foreign investors pulled out ₹12,257 crore ($1.4 billion) from Indian equities in the first week of September, weighed down by a stronger dollar, U.S. tariff concerns, and persistent geopolitical tensions. This came following a net outflow of ₹34,990 crore in August and ₹17,700 crore in July. With this,…
The story so far: On September 3, the GST Council authorised a new paradigm in the indirect tax regime. There will be fewer rates, and the Goods and Services Tax (GST) on most items have been reduced. While this has been welcomed by most sectors, there are some which are somewhat disgruntled. There are also…
Global gold ETFs attracted $5.5 billion in August, extending their inflow streak to three months. | Photo Credit: istock.com Investments in physically-backed gold exchange-traded funds (ETFs) were up for the fourth consecutive month in India, while they increased for the third month in a row globally in August, led by Western funds, the World Gold…
In a gesture underscoring the spirit of cooperative federalism, Union Finance Minister Nirmala Sitharaman has written to Finance Ministers of all States, expressing gratitude for their support and active role in helping implement the landmark overhaul of the goods and services tax (GST) regime. In an interview with PTI, Ms. Sitharaman said States made their…
Gold has entered a structurally higher price zone, reshaping the bullion ecosystem worldwide. Earlier this year, international prices breached the $3,000/oz mark and continue to remain elevated as investors hedge against global debt, geopolitical frictions and expectations of monetary easing in the US. Central banks have also reinforced demand, adding to their reserves to diversify…
Twenty-year-old Vanaja, a tailor in Tiruppur district of Tamil Nadu, is worried that U.S. President Donald Trump’s tariffs on Indian imports could impact her wages. Vanaja has been working at RRK Cottons India Private Limited, a garment company in Palladam town in the industrial district, for the last two years. She earns ₹480 a day. …
India’s economic journey has always been shaped by bold reforms, and the latest set of Goods and Services Tax (GST) measures announced at the 56th GST Council meeting on September 3, 2025, may well prove to be one of the most consequential yet. For years, businesses and policymakers alike have called for simplification, predictability, and…
SEBI imposed a $567 million penalty on Jane Street, which the company has deposited. While it can restart trading in India, it has refrained from doing so, Reuters reported last month. File | Photo Credit: Reuters The Securities and Exchange Board of India (SEBI) launched a formal investigation into Jane Street’s trading practices even though…
The GST Council has slashed rates across essentials, healthcare, agriculture, study materials, and vehicles, moving towards a simpler 2-rate structure.
