Gold prices in India slipped in trade on Thursday (April 23), tracking softer global cues and continued pressure from elevated crude oil prices. On the Multi Commodity Exchange (MCX), gold traded at ₹1.52 lakh per 10 grams. Silver prices in India also moved lower, mirroring losses in international markets, where broader sentiment in bullion remained…
Invesco Mutual Fund has launched two passive schemes — the Invesco India BSE Sensex Index Fund and the Invesco India Nifty Bank Index Fund — with their new fund offers (NFOs) opening on April 23 and closing on May 7. The Invesco India BSE Sensex Index Fund is an open-ended scheme that will track the…
Razorpay has announced an integration with Google Pay to support international transactions for Indian businesses, allowing exporters to offer a wallet-based checkout experience to global customers. The company said the integration enables card-based payments through Google Pay on its international payment gateway, marking a shift from traditional card-only payment flows that typically require manual entry…
State-owned lender Punjab National Bank (PNB) has partnered with fintech firm Kiwi to launch a RuPay-based credit card integrated with UPI, as banks continue to expand credit access through digital payment rails. The co-branded “PNB Kiwi Credit Card” enables customers to make UPI payments directly using a credit line, alongside conventional online card usage. The…
The Atal Pension Yojana (APY) has crossed a cumulative enrolment of over 90 million, marking a key milestone for the government’s flagship social security programme, according to an official release. The scheme, administered by the Pension Fund Regulatory and Development Authority (PFRDA), also recorded its highest-ever yearly addition in 2025–26, with more than 13.5 million…
Edelweiss Mutual Fund has announced the launch of its second strategy under the Altiva platform, introducing an equity-focused specialised investment fund (SIF) aimed at companies beyond the top 100 by market capitalisation. The new fund offer, Altiva Equity Ex-Top 100 Long-Short Fund, will open for subscription from May 18 to June 1. The launch marks…
WhiteOak Capital Asset Management has announced a revision to the exit load structure across its mutual fund schemes, removing exit charges on fresh investments in equity and hybrid funds starting April 27. Under the revised framework, investors making new purchases in these categories will be able to redeem their units without incurring exit penalties. The…
Gold and silver prices edged lower in early trade on April 23, as easing geopolitical tensions following an extension of the US–Iran ceasefire tempered safe-haven demand, even as broader macro uncertainty kept downside limited. On the COMEX, gold futures were last seen at $4,750 per ounce, down $2.80 or 0.06%. Silver futures fell $0.301 or…
The Reserve Bank of India has issued a revised Master Direction on Prepaid Payment Instruments (PPIs), replacing the 2021 framework and introducing tighter operational, compliance and customer protection norms for wallet and card issuers. The updated rules apply to all PPI issuers and system participants, with a sharper focus on governance, transparency and interoperability. Non-bank…
India’s new labour code, which mandates that wages account for at least 50% of total compensation (CTC), is unlikely to result in a direct increase in basic pay, but could still reduce employees’ take-home salaries. Under the revised framework, companies are expected to restructure salary components rather than mechanically raise basic pay to 50% of…
