As gold buying activity gathers pace ahead of Akshaya Tritiya, financial platforms, fintech firms and jewellery retailers have announced a range of offers and campaigns, reflecting both rising consumer interest and evolving buying preferences. According to the World Gold Council, India’s digital gold market grew 69% year-on-year to 13.5 tonnes in 2025. Against this backdrop,…
Fixed deposits (FDs) continue to be a trusted option for senior citizens who want safe and steady returns. With age, the focus often shifts from high profits to protecting savings and ensuring a regular income. Public sector banks in India are offering competitive interest rates for senior citizen FDs in April this year. These schemes…
The Income Tax Department has rolled out a new consolidated challan-cum-statement—Form 141—under the Income-tax Act, 2025, aimed at simplifying the reporting and payment of tax deducted at source (TDS) for certain transactions. Single form replaces multiple TDS filings Form 141 replaces several existing PAN-based TDS forms used under the previous tax regime, including Forms 26QB,…
The Employees’ Provident Fund Organisation (EPFO) has instructed its field offices to implement a transition from Forms 15G and 15H to a new consolidated Form 121 for declarations seeking exemption from tax deducted at source (TDS), following the rollout of the Income-tax Act, 2025. In an order, the retirement fund body said the change comes…
Gold exchange-traded funds (ETFs) have delivered strong returns over the past year, with top-performing schemes generating gains of up to nearly 63%, as a surge in gold prices and heightened geopolitical uncertainty boosted investor demand, according to data compiled by ICRA Analytics. An analysis of the top 10 gold ETFs shows that one-year returns largely…
Muthoot Finance has proposed to expand its business scope by entering the insurance distribution segment, according to a company document. The company is seeking shareholder approval to amend its Memorandum of Association to include activities related to acting as a corporate agent or insurance intermediary. This would allow it to distribute a wide range of…
Edelweiss Asset Management Limited (IFSC Branch) launched the Edelweiss Greater China Equity Fund as an open-ended fund of fund scheme investing in the JPMorgan Funds – Greater China Fund. Since its inception on March 10, the scheme has recorded a month-end assets under management (AUM) of $1.33 million as of March 2026, with a month…
With Akshaya Tritiya approaching, India’s jewellery and precious metals market is witnessing evolving consumer behaviour, with early purchases, design-led demand and a tilt towards investment-oriented buying emerging as key themes despite elevated gold prices. Industry expets indicate that while the festival continues to hold cultural and financial significance, buying patterns are becoming more planned and…
SBI Mutual Fund has launched two Constant Maturity Index Funds in the financial services segment, tracking short-tenor debt indices. The New Fund Offer (NFO) opens on April 15 and will close on April 20. The schemes include the SBI CRISIL-IBX Financial Services 3–6 Months Debt Index Fund and the SBI CRISIL-IBX Financial Services 9–12 Months…
Gold and silver prices in the international market moved higher on Wednesday (April 15), supported by a softer oil price environment and improving global risk sentiment amid expectations of renewed US-Iran talks. COMEX gold rose 0.41% to $4,869.90 per ounce. Silver outperformed, gaining 1.22% to $80.50 per ounce, with prices nearing session highs. The uptick…
