Gold and silver prices traded in a narrow range on Wednesday, March 18, as investors stayed cautious ahead of the US Federal Reserve’s policy decision and monitored inflation risks driven by elevated crude oil prices. In international markets, COMEX gold hovered near $5,009.50 per ounce, up marginally by 0.03%. Silver, however, slipped 0.57% to $79.465…
Salaried employees receiving meal vouchers such as Sodexo, Pluxee or Zaggle will see a more generous tax treatment now. The updated Income-tax Rules, 2026 raise the tax-exempt limit on employer-provided meals from ₹50 to ₹200 per meal and extend this benefit across both the old and new tax regimes. What has changed The revised rules…
Nithin Kamath, co-founder and CEO of Zerodha, has raised concerns over the permissions sought by mobile banking applications, questioning the need for access to user data such as SMS, contacts, and phone information. In a recent post on X (formerly Twitter), Kamath said he avoids using net banking apps on his phone, arguing that many…
The Reserve Bank of India (RBI) has allowed residents to exchange Indian rupee notes at foreign exchange counters located in departure areas of international airports, extending a facility that was earlier limited in scope. In a circular, the central bank said that residents, along with non-residents, can now access forex counters situated in the duty-free…
The Reserve Bank of India (RBI) has updated the operational guidelines for Floating Rate Savings Bonds, 2020 (Taxable), replacing the earlier norms issued in 2020. The revised rules took effect from April 2 and apply to banks and other authorised entities that issue and service these bonds. The changes largely focus on improving processes, tightening…
Gold and silver prices edged lower on Monday (April 6), as a stronger US dollar and shifting interest rate expectations countered safe-haven demand triggered by escalating geopolitical tensions. On the COMEX, gold was trading at $4,665.50 per ounce, down 0.3%, while silver slipped 0.53% to $72.535 per ounce in the latest session. The decline comes…
India’s young workforce is facing a growing burden of lifestyle-related health risks, even as dissatisfaction with health insurance claim experiences rises sharply, according to two separate studies released this week. A report by employee benefits platform Pazcare, based on 77,000 insurance claims and 12,000 health screenings across 4 lakh covered lives, found early signs of…
Edelweiss Asset Management Company on Wednesday (March 18) announced the launch of the Edelweiss Nifty LargeMidcap250 Plus 8–13 yr G-Sec 70:30 Index Fund, a hybrid passive scheme that combines equities and government securities within a single index-based structure. The new fund offer (NFO) will remain open for subscription from March 18 to April 1. The…
Gold demand during Gudi Padwa is expected to remain steady but without a significant festive spike this year, as volatile prices and cautious consumer sentiment influence purchasing decisions, according to industry participants. Colin Shah, Managing Director of Kama Jewelry, said gold buying continues to be closely linked to auspicious occasions like Gudi Padwa, but sales…
Net inflows into commodities dropped sharply in February as the rally in precious metals lost momentum, dragging overall asset-level flows significantly lower, according to a report by Vallum Capital. The firm’s Monthly Macro Grid Chartbook showed total net flows across asset classes nearly halved to ₹73,842 crore in February from ₹1.64 lakh crore in January,…
