Business

Onion prices still make eyes water despite Centre’s Rs 35/kg buffer sale The Centre is opening up its onion reserves to keep prices under control, but the intervention is yet to bring down the national average. Despite government’s subsidised onion sale, the average all-India retail price has risen to Rs 50.79 per kg from Rs…

SGBs carry a fixed annual interest rate of 2.50% on the amount initially invested. Investors of Sovereign Gold Bonds (SGBs) are reaping a bonanza with gold prices rallying strongly in the last few years. Despite the recent correction in gold prices, gold bonds are still yielding triple digit returns.The Reserve Bank of India (RBI) has…

Gold is supposed to be the ultimate safe haven. But as geopolitical uncertainty rises, European central banks are rethinking where they keep their most trusted reserve asset. After France and Germany, Netherlands became the latest to make an exit, shifting part of its gold holdings from North America to London.The relocation has raised concerns about…

FPIs turn sellers again, pull out Rs 7,443 crore from Indian equities in first week of September Foreign portfolio investors (FPIs) turned net sellers of Indian equities in the first week of September, withdrawing Rs 7,443 crore after investing in the market for two consecutive months. The latest selling came as a rebound in crude…

The officer treated Rs 41.69 lakh as unexplained cash deposits under Section 69A. (Image for representative purpose only) When filing for a visa to fly abroad, an individual claimed he discovered he had a tax notice against his name that was due to cash deposits which the Income Tax Department saw as unexplained.The Income Tax…

The Bombay High Court considered Section 23 of the Senior Citizens Act. (Image for representative purpose only) A couple gifted their son a flat that they had bought in 2005 on the condition that he take care of them. Years later, the Bombay High Court directed the son to vacate the flat. Here’s what the…

CNG, hybrids and EVs together accounted for 42% of India’s passenger vehicle sales in August, surpassing petrol’s 41% share for the first time. India’s passenger vehicle market is reportedly seeing a notable shift in consumer preference away from petrol, with CNG, hybrid and electric vehicles together accounting for 42% of sales in August 2026.For the…

Sugar prices jumped 11.9%, while cereal and vegetable oil prices rose 2.2% and 0.6%, respectively World food prices rose to their highest level since late 2022 in August as extreme weather, geopolitical tensions and disruptions to trade routes heightened concerns over supplies of key agricultural commodities, the UN Food and Agriculture Organization (FAO) said on…

30% productivity boost could power 35% of future manufacturing India’s manufacturing sector could get nearly 35 per cent of its future output simply by getting its workforce 30 per cent more productive.The finding comes from KPMG’s analysis of more than 130 large Indian manufacturing companies over 10 years. It found that companies which improved productivity…

Anthropic is delaying its planned IPO, with the AI company now expected to start marketing the offering in mid-October at the earliest, according to people familiar with the matter. The listing could take place days before the US midterm elections in November.The AI giant is now expected to make its initial public offering prospectus public…