Gold and silver prices traded lower on the Multi Commodity Exchange (MCX) on Thursday (July 9), tracking weakness in global bullion markets as a stronger US dollar and expectations of higher US interest rates dented sentiment toward precious metals. The benchmark MCX August gold futures contract was trading at ₹1.45 lakh per 10 grams, while…
Investors who still submit physical applications to start a Systematic Investment Plan (SIP) could see shorter processing timelines following the rollout of a new AI-led technology platform by KFin Technologies, one of India’s largest registrar and transfer agents (RTAs) for mutual funds. The company has launched an AI-led operational platform called Finex, which it says…
Each monsoon, India’s cities brace for flooded streets and traffic chaos. But beyond the visible disruption, insurers are preparing for another seasonal spike: a sharp increase in motor insurance claims driven by waterlogged vehicles, engine failures and rain-related road accidents. Industry experts say many vehicle owners assume all rain-related damage is covered under a standard…
Public Provident Fund (PPF) is a long-term savings scheme that has a 15-year lock-in period and comes with various attractive features. However, many depositors do not realise that missing the minimum deposit amount in a year will render their account inactive. Investors are required to deposit a minimum of ₹500 in a financial year to…
The Reserve Bank of India (RBI) has notified the Reserve Bank – Integrated Ombudsman Scheme, 2026, replacing the 2021 framework from July 1. The revised scheme aims to strengthen consumer protection by expanding its coverage, increasing the compensation that can be awarded to customers and tightening the grievance redress process for banks, NBFCs and other…
Biometric authentication-based UPI payments crossed the 600 million mark in June, reflecting the growing use of fingerprint and facial recognition to authorise digital transactions. According to data released by the National Payments Corporation of India (NPCI), UPI payments authenticated using on-device biometrics recorded 611 million transactions in June 2026, with a total transaction value of…
The Income Tax Department has made the Excel utility for ITR-5 available on the income tax e-filing portal, allowing eligible taxpayers to prepare and file their income tax returns for the Assessment Year (AY) 2026-27. The release is part of the department’s phased rollout of return filing utilities for the current assessment year. With the…
By Anshul July 9, 2026, 8:40:55 AM IST (Updated) EPFO rolls out reforms: 8.25% interest, higher auto-settlement, unified portal, and new schemes for faster, easier access. 1/7 The Employees’ Provident Fund Organisation (EPFO) is rolling out a series of reforms aimed at making its services faster, more digital and easier to access. Along with crediting…
Gold prices edged lower in early trade on Thursday (July 9), while silver remained largely steady, as renewed geopolitical tensions in the West Asia lifted the US dollar and oil prices, reducing demand for non-yielding precious metals. Spot gold was down 0.3% at around $4,066 an ounce in early Asian trade after touching a one-week…
The Pension Fund Regulatory and Development Authority (PFRDA) has constituted an expert committee, named ASCEND (Accelerated Scaling of Global Capital Ecosystem and NPS Development), to prepare a roadmap for attracting long-term global pension capital into India through partnerships with pension funds operating under the National Pension System (NPS). The move comes as India seeks to…
