Gold and silver prices edged lower on Tuesday (June 2) as investors monitored developments in the West Asia and awaited key US economic data and comments from Federal Reserve officials for clues on the interest-rate outlook. COMEX gold futures were trading at $4,495.20 per ounce, down 0.25% from the previous close, while spot gold was…
Public sector lender Indian Bank Ltd on Monday (June 1) revised select benchmark lending rates after a review by its Asset Liability Management Committee (ALCO), with changes in Marginal Cost of Funds-based Lending Rate (MCLR) and Treasury Bills Linked Lending Rates (TBLR), effective June 3, 2026, while keeping key policy-linked rates unchanged. “…we have to…
India’s insurance sector stands at a defining moment. As the country moves towards the vision of Insurance for All by 2047, the focus is shifting towards affordability, accessibility, digital innovation and deeper financial inclusion. In Episode 1 of Insuring Lives, Securing India – Insurance for All, presented by Kotak Life in association with CNBC-TV18, leaders…
Kyro Capital Private has launched the Kyro India Opportunities Fund – I, a ₹100 crore target corpus growth-stage private equity fund focused on pre-IPO investments in Indian companies. The fund is registered as a SEBI Category II Alternative Investment Fund and is managed by Kyro Asset Management Private Limited, the asset management arm of the…
60% of Indian travellers are planning domestic holidays, while 85% are likely to buy travel insurance, reflecting a shift toward more cautious and financially prepared travel decisions, according to the Allianz Partners Global Travel Confidence Index 2026, conducted with Ipsos. The report shows that India continues to rank among the most travel-enthusiastic markets globally, with…
The Department of Financial Services (DFS), under the Ministry of Finance, has launched a common landing portal for unclaimed financial assets to help citizens search and trace dormant money across the financial system. Developed in collaboration with PSB Alliance, the portal aims to bring unclaimed bank deposits, insurance proceeds, shares, dividends and mutual fund balances…
Gold and silver prices in India declined sharply on Monday, June 1, tracking weakness in global bullion markets amid a stronger US dollar, rising crude oil prices and heightened geopolitical tensions. Gold fell nearly 1% to move below the ₹1.60 lakh per 10 grams mark. Silver contracts also came under pressure, hitting an intraday low…
Transactions on the Unified Payments Interface (Unified Payments Interface) surged to an all-time high in May 2026, driven by summer travel and IPL-related spending, according to data released by the National Payments Corporation of India (NPCI). UPI processed 23.20 billion transactions during the month, marking a new peak in volume terms. The total value of…
The Multi Commodity Exchange of India on Monday (June 1) launched Silver 100 futures contracts, expanding its silver derivatives offerings and giving retail investors and small jewellers access to the commodity in much smaller tradable units. The new contract allows trading in 100-gram denominations, significantly lowering entry barriers compared to existing silver futures contracts of…
Maharashtra’s BJP-led Mahayuti government’s flagship scheme, Mukhyamantri Majhi Ladki Bahin Yojana, is once again at the centre of the state’s political discourse. Sources within the WCD Ministry told CNBC-TV18 that nearly 8 million beneficiaries did not receive the last two instalments under the scheme as the state government continued evaluating its beneficiary database. Maharashtra’s WCD…
