As prices of gold reach a new high, Directorate of Revenue Intelligence (DRI) has noticed a new trend, usage of foreign nationals as carriers for smuggling gold in bulk into India. In its latest bulletin for the period October 2024 to March 2025, the agency said: “A new modus operandi has also emerged, involving foreign…
The story so far: India miner Vedanta Ltd.’s (VEDL) stock slumped nearly 8% on Wednesday (July 9, 2025) after Delaware-based Viceroy Research took a short on its UK-based parent Vedanta Resources (VRL)’s debt stack. In other words, wagering that the parent would default in repaying their debt. It held the holding company to be a…
The story so far: U.S. President Donald Trump signed into law the ‘One Big Beautiful Bill’ on U.S.’ Independence Day on July 4, 2025. This happened a day after the House of Representatives cleared the passage of the legislation proposing sweeping tax cuts, altering access to social security programs and doing away with provisioning incentives for…
One of the most telling market shifts is the sharp decline in the Gold-Silver Ratio from 107 to 95, suggesting silver is increasingly favoured over gold by investors seeking value and growth potential. Silver prices have hit yet another record high of ₹1,04,675 per kg on Thursday breaching the previous peak of ₹1,01,313 logged on…
Image for representational purposes only. | Photo Credit: Reuters The rupee fell 17 paise to 85.97 against the U.S. dollar in early trade on Monday (July 14, 2025) amid a strengthening greenback and FII outflows. Uncertainties over U.S. trade tariffs further pressured the rupee, according to forex experts. At the interbank foreign exchange, the local…
Cooperative societies have a long history spanning more than a century in India. The concept of collaboration and cooperative activity was widespread throughout our nation even before legislation established cooperative organisations. It existed in the form of building assets like community tanks as well as community-managed forests in villages. Different regions had varied forms of…
Gold investors sold their holdings in exchange-traded funds (ETFs) during May, ending the inflows witnessed since December 2024, mainly on outflows witnessed in North America and Asia, data from the World Gold Council (WGC) showed on Friday. The physically-backed gold ETFs witnessed a $1.8 billion outflow in May. A mild fall in gold prices last…
A screen displaying the Sensex is pictured at the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: Reuters Benchmark indices Sensex and Nifty dropped in early trade on Monday (July 14, 2025) amid selling pressure in IT stocks and foreign fund outflows. The 30-share BSE Sensex declined 232.93 points to 82,267.54 in early…
Representative image | Photo Credit: Getty Images/iStockphoto Foreign investors put in ₹14,590 crore in the country’s equity market in June, marking the third straight month of investment, supported by improving global liquidity conditions, easing geopolitical tensions, and a rate cut by the Reserve Bank of India. However, foreign portfolio investors (FPIs) turned net sellers in…
Gold bangles are displayed at a jewellery store in Mumbai | Photo Credit: FRANCIS MASCARENHAS In view of the feedback received after public consultations, the Reserve Bank of India (RBI) has relaxed certain aspects of the earlier draft guidelines on gold loans in the final norms. The regulator said lenders must now maintain 85 per…
