Fundamentally, remittances are cross-border money transfers to support families back home. (AI image) ‘Gulf se paisa aaya hai’ – it’s a common statement in several households across India whose family members work in the Middle East countries. But will this money keep flowing in as much as it does in the wake of the US-Iran…
Silver delivered a glittering rally on Monday, scaling a life time high, lifted by strong demand for the precious metal and global rally. Silver futures touched record high of Rs 2,14,534 per kilogram on the Multi-Commodity Exchange (MCX) in what is being seen as one of its strongest annual performances in recent years. Spot silver…
AHMEDABAD: A regulatory tweak by Sebi has opened the door to sizable tax savings for millions of mutual fund (MF) investors, simply by making it easier to gift their units. Tax experts say the reform, which now allows transfer of even statement of account (SOA)-based MF units and not just demat units, removes the biggest…
MUMBAI: Reserve Bank of India ramped up dollar purchases in Feb, signalling a shift to rebuilding forex reserves after the rupee stabilised following the US–India trade deal announcement in the same month.Despite heavy spot purchases, net forward sales stood at $77.7 billion, indicating continued reliance on forward markets. While Feb did provide an opportunity for…
Several Bitcoin (BTC) data points suggest that $80,000 is the next destination for the cryptocurrency. Bitcoin gained 2.52% to trade above $78,800 on Friday after holding support at the 100-day exponential moving average. Spot market buy volumes also strengthened while the cumulative volume delta (CVD) reached 11,500 BTC, its highest level since Feb. 17. BTC…
State elections 2026 top developments: BJP eyes third term in Assam, NDA-INDIA face-off in Puducherry and a three-way contest in Kerala NEW DELHI: Voting began across Kerala, Assam and Puducherry on Thursday, with early turnout figures till 9 am indicating steady participation. According to the Election Commission of India, Kerala recorded 16.23% turnout, Assam 17.87%,…
CHENNAI: Ahead of the April 23 election for the 234-member Tamil Nadu assembly, the Election Commission of India on Wednesday replaced the state’s chief secretary, N Muruganandam, with senior bureaucrat M Sai Kumar and DGP (armed police, vigilance and anti-corruption) S Davidson Devasirvatham with Sandeep Mittal, a 1995-batch IPS officer, a decision that drew an…
Maoist commander Ganesh, 3 others killed in encounter BHUBANESWAR/BERHAMPUR/HYDERABAD: He vanished at will – sometimes robed as a swamiji, stick in hand, towel over his shoulder – shedding names as easily as trails. On Thursday, bullets caught up with Maoist commander Paka Hanumanthu, better known as Ganesh Uike, with a collective bounty of Rs 1.1…
SpaceX is working toward a stock-market listing that could value the company at around $1.5 trillion, making it the biggest public market offering by that metric, according to Bloomberg. If that happens, investors won’t just be buying into rockets and satellites. They’ll also be buying into a company that holds thousands of bitcoin and has…
Finance Minister Nirmala Sitharaman is likely to present the Union Budget 2026 on February 1, which falls on Sunday, marking a significant milestone as she delivers her ninth consecutive Budget. This will be the second full Budget of the Modi 3.0 government, following the first full Budget presented in 2025.Notably, Budget used to presented on…
