Gold and silver prices declined in Indian futures trade on Friday (April 24), tracking weakness in global markets as a stronger US dollar, rising crude oil prices, and ongoing geopolitical tensions pressured sentiment across precious metals. Gold futures on the Multi Commodity Exchange (MCX) for June delivery fell ₹462, or 0.3%, to ₹1.51 lakh per…
Gold premiums in India climbed to their highest in over two-and-a-half months this week, as supplies tightened, while buying interest picked up in China. Indian banks were forced to halt gold and silver imports earlier this month after the government delayed an authorisation order, leaving tons of bullion stranded at customs. While the order was…
Policybazaar has expanded its operations in GIFT City, strengthening its focus on investment-linked insurance products for non-resident Indians (NRIs) and scaling up its reinsurance-related activities in India’s International Financial Services Centre (IFSC). The company said its GIFT City platform now serves NRIs across more than 35 countries, offering US dollar-denominated investment-linked insurance solutions through a…
Systematic investment plans (SIPs) in Canara Robeco Mutual Fund’s Canara Robeco Conservative Hybrid Fund have turned a total investment of ₹28 lakh—made through monthly contributions—into ₹86.73 lakh since inception, delivering an XIRR of 8.65%, according to data released by the fund house as the scheme completes 38 years on April 24. The SIP illustration is…
Taxpayers could face penalties of up to 200% of the tax payable in cases of misreporting income, according to the latest penalty framework released by the Income Tax Department for Assessment Year 2026–27. The updated provisions outline a range of penalties for non-compliance with the Income-tax Act, covering defaults such as delayed filing, non-payment of…
Muthoot FinCorp has launched the third tranche of its secured, redeemable non-convertible debentures (NCDs), with the issue opening on April 24 and scheduled to close on May 8. The company aims to raise up to ₹600 crore under this tranche, within an overall approved shelf limit of ₹3,000 crore. The issue includes a base size…
AU Small Finance Bank has announced an upward revision in interest rates across savings accounts, fixed deposits (FDs) and recurring deposits (RDs), effective April 23. Under the revised structure, senior citizens can earn up to 7.75% per annum on term deposits, while regular customers can earn up to 7.25% per annum on FDs and RDs….
BOBCARD Limited, a subsidiary of Bank of Baroda, has introduced a limited-period lifetime free (LTF) offer on its Eterna credit card for new customers, removing the standard joining and annual fee of ₹2,499. The offer is valid until June 30. The Eterna credit card includes reward-based incentives across categories such as travel, dining, international transactions…
Gold and silver prices declined on Friday (April 24), tracking a cautious global market tone as geopolitical tensions in West Asia and rising oil prices weighed on investor sentiment. On the COMEX, gold was trading at $4,705.80 per ounce, down $18.20 or 0.39%. Silver also slipped, with COMEX silver at $75.11 per ounce, lower by…
With markets moving through frequent shifts in interest rates, geopolitical uncertainty and evolving asset classes, financial experts say the focus for investors should move away from simply what they currently hold to how portfolios should be constructed going forward. They say that diversification is not about adding more assets, but about building portfolios that are…
