Business

Employees’ Provident Fund Organisation (EPFO) subscribers will soon be able to withdraw provident fund money directly through the Unified Payments Interface (UPI), with testing of the facility already completed, Labour Minister Mansukh Mandaviya said on Tuesday. The move is part of a broader push by EPFO to improve service delivery and simplify access for over…

Mumbai: Bajaj General Insurance has launched health insurance riders that enable buyers to widen the scope of their basic health plan. The `Age shield’ rider enables buyers of health insurance to ensure that the premium escalation with age will not happen unless there is a claim. The policy is aimed at addressing the complaint of…

Once called the sone ki chidiya, India clearly never got over its gold fever. For desis, gold is not just a metal, rather it is rainy-day savings, wedding-season flex, family legacy and emotional support, all rolled into one shiny yellow package. Somewhere between these wedding seasons, festival offers and “bas thoda aur le lete hain”,…

The rupee fell to a fresh record low on Wednesday as elevated oil prices and rising US Treasury yields weighed on investor sentiment, while concerns over prolonged geopolitical tensions and potential global rate hikes continued to pressure emerging market currencies, Reuters reported.The domestic currency touched an all-time low of 96.96 against the US dollar during…

US stocks moved higher on Wednesday and edged toward their first gain in four sessions as easing pressure in the bond market and stronger-than-expected corporate earnings supported investor sentiment.The S&P 500 rose 0.3 per cent in early trade, moving closer to the record high reached last week. The Dow Jones Industrial Average slipped 62 points,…

Toffee became the talk of the town when Prime minister Narendra Modi gifted Melody toffees to Italian counterpart Giorgia Meloni during his Italy. The visit has brought fresh attention to India’s toffees sector with Commerce and Industry minister Piyush Goyal on Wednesday highlighting that the country’s toffee exports have climbed 166 per cent over the…

Mumbai: Indian bank branches continue to draw their heaviest footfall from entrepreneurs, rural customers and affluent clients, while younger, digital-native users remain the least likely to walk in, according to a report by EY, which also noted that 55% of customers want better digital support across apps, websites and chatbots.The report finds that middle-age entrepreneurs…

Parle Industries shares surged 5% on Tuesday and hit the upper circuit limit. During intraday trading on the BSE, the stock advanced 5% to Rs 5.25 as investors appeared to respond to the viral “Melody” exchange involving PM Narendra Modi and Italian Prime Minister Giorgia Meloni. However, interestingly the listed company that witnessed the rally…

Inflation and interest rates will remain the key drivers for gold and silver in the week ahead. (AI image) Gold price prediction today: For both gold and silver prices, the near-term outlook remains weak, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Spot gold and silver ended last week…

NEW DELHI: India is preparing to send ships through the strategically vital Strait of Hormuz to secure crude oil and energy cargoes from Middle Eastern suppliers as disruptions caused by the Iran war continue to strain global energy markets, according to a Bloomberg report citing people familiar with the matter.The report said the plans have…