Gold prices in India traded cautiously on Monday (May 18), even as global bullion markets showed signs of stabilisation after recent volatility driven by inflation fears, rising bond yields and geopolitical tensions in the Gulf. On the Multi Commodity Exchange (MCX), gold futures were seen holding firm near intraday highs at ₹1.58 lakh per 10…
Bank of India has revised interest rates on its medium and long-term fixed deposits of less than ₹3 crore, increasing returns for select tenures between one and three years, effective Monday (May 18). Under the revised structure, deposits with a tenure of 1 year to less than 2 years will now earn 6.50% per annum,…
The National Stock Exchange of India (National Stock Exchange of India) on Monday (May 18) announced the launch of live trading in its Electronic Gold Receipts (EGRs) segment, marking a new step in the country’s efforts to digitise gold trading and improve transparency in the bullion market. According to the exchange, live trading began on…
India has tightened controls on silver imports by placing nearly all forms of the metal under the “restricted” category with immediate effect, a step aimed at curbing overseas shipments and easing pressure on the rupee. The move follows last week’s increase in import duties on gold and silver to 15% from 6%, part of a…
Altiva SIF, the specialised investment fund platform of Edelweiss Mutual Fund, has launched the Altiva Equity Ex-Top 100 Long-Short Fund, a new scheme focused on mid- and small-cap companies outside the top 100 by market capitalisation. The new fund offer (NFO) opened on May 18 and will close on June 1. Units are being offered…
Gratuity eligibility for employees leaving a company before completing five years of service continues to remain subject to differing legal interpretations, creating uncertainty for both employers and employees. Under the gratuity framework, employees are generally eligible for gratuity after completing five years of continuous service with an organisation. However, court rulings over the years have…
HDFC Bank has begun rolling out a series of changes to benefits on its Regalia Gold and Diners Privilege credit cards, reflecting a broader trend in the premium cards segment where issuers are linking rewards and travel perks to higher spending thresholds. The changes, some of which took effect from May 15 and others that…
The governments of Odisha and Bihar have announced increases in dearness allowance (DA) for state government employees and pensioners, with the revised rates taking effect retrospectively from January 1, 2026. In Odisha, Chief Minister Mohan Charan Majhi approved a 2 percentage point increase in DA, raising it from 58% to 60%, according to a statement…
Investors seeking premature redemption of the Sovereign Gold Bond (SGB) 2020-21 Series-VIII tranche are set to receive gains of more than 210% on their investment, excluding the interest earned during the holding period, based on the redemption price announced for Monday (May 18). The redemption price for the tranche has been fixed at ₹16,012 per…
India’s pension regulator has introduced new retirement income schemes and withdrawal options under the National Pension System (NPS), aimed at providing subscribers with more flexibility in receiving post-retirement payouts while continuing to maintain mandatory annuity requirements. In a circular, the Pension Fund Regulatory and Development Authority (PFRDA) said the initiative has been launched in line…
