Gold and silver prices edged lower in global markets on Wednesday (April 29), with both metals showing only marginal moves as trading remained largely range-bound. The trend reflects a cautious market mood as investors tracked Federal Reserve policy signals, geopolitical developments and shifting inflation expectations driven by energy prices. Where prices stand On COMEX, gold…
India’s insurance sector continues to benefit from regulatory reforms and expanding distribution, but industry participants say the protection gap remains significant, driven by limited product personalisation and structural challenges in demand. Hanut Mehta, CEO and Co-Founder of Bimapay, said while recent reforms have improved the ‘how’ of insurance delivery, the ‘what’ in terms of product…
DTDC Express and India Post have entered into a strategic collaboration aimed at improving logistics connectivity and delivery access across the country. The Memorandum of Understanding (MoU) was signed on April 27 in New Delhi between Neeraj Kumar Jha, General Manager, Parcel Directorate, Department of Posts, and Abhishek Chakraborty, CEO of DTDC Express Ltd., in…
Visa has outlined evolving consumption patterns among India’s affluent consumers in a new report that highlights how premium spending is becoming more experience-driven and intentional. In its Visa Consulting and Analytics (VCA) Whitepaper, India’s Affluent Economy 2025–2026, the payments company said affluent consumers are shifting from ownership-led purchases to access-led experiences, with spending patterns closely…
A new industry report on young consumers in India highlights a sharp gap between the importance they assign to health insurance and actual policy ownership, along with low preparedness for medical emergencies. The findings were released in the Young India Health Insurance Report, based on a survey across more than 35 urban and rural locations,…
Gold recycling in India refers to the process of buying back old, unused, inherited, or excess gold from households, testing its purity, and either reusing it in jewellery manufacturing or converting it into bullion. While the practice has always existed in India, industry experts say it is now gradually moving toward more organised and transparent…
HSBC Mutual Fund has announced the launch of RedHex SIF, its Specialised Investment Fund (SIF) platform in India, aimed at offering investors access to more focused and outcome-oriented investment strategies within a regulated mutual fund structure. The new platform, approved under the Securities and Exchange Board of India (SEBI) framework, is designed for investors seeking…
Gold and silver prices edged lower in domestic and global markets on Monday (April 28) as investors turned cautious ahead of key central bank meetings and continued to track geopolitical developments. On the Multi Commodity Exchange (MCX), gold futures slipped 0.1% to ₹1.50 lakh per 10 grams from the previous close, while silver declined 0.59%…
Flipkart, in partnership with Axis Bank and PayU, has introduced biometric authentication for card payments on its platform, allowing users to approve transactions using Face ID or fingerprint instead of one-time passwords (OTPs). With this rollout, Axis Bank cardholders can now verify payments directly through supported Android and iOS devices, reducing dependence on SMS-based OTPs,…
Monarch Networth Capital said it has raised ₹100 crore for its first portfolio management services (PMS) offering, the Monarch Wealth Creator Fund, within a few months of launch. The company stated that it mobilised the entire amount through its internal distribution network, without using external intermediaries or third-party distributors. According to the company, the PMS…
