Swiss banking giant UBS will pay 835 million euros ($985 million) to settle a long-running legal case in France over assisting wealthy clients in evading taxes, the bank and French authorities announced on Tuesday.The settlement includes a 730-million-euro fine and 105 million euros in damages to the French state, bringing closure to the 14-year-old legal…
The Indian rupee slipped to a record low of 88.75 against the US dollar on Tuesday, a fall of 47 paise that exporters said will improve price competitiveness in global markets, even as they flagged risks from volatility and higher import costs.Import-heavy sectors such as gems and jewellery, petroleum and electronics may derive limited benefit…
Shell faces low oil prices and US tariff uncertainty (Image credits: X @Shell) US President Donald Trump’s tariffs are creating uncertainty into the global economy, impacting investment decisions more than supply chain costs, said Shell India’s Robin Mooldijk, president of projects and technology.“The primary effect is on our supply chain. It becomes more expensive and…
The Employees’ Provident Fund Organisation (EPFO) has temporarily put on hold its earlier order allowing employees to adopt the Unified Pension Scheme (UPS), stating that the matter is still under consideration. “It is to inform that the matter regarding implementation of the Unified Pension Scheme (UPS) for the employees of the Central Board is still…
Gold and silver prices continued their record-breaking rally on Tuesday, with gold futures reaching an all-time high of Rs 1,12,750 per 10 grams and silver futures hitting a lifetime high of Rs 1,34,016 per kilogram on the Multi Commodity Exchange (MCX).The surge was driven by expectations of further US Federal Reserve interest rate cuts, safe-haven…
Rupee slips 25 paise to an all-time intraday low of 88.53 against the US dollar in early trade on Tuesday, as concerns over enhanced US tariffs on Indian goods and the new $100,000 H-1B visa fee weighed on investor sentiment.Forex traders said that global risk aversion and trade policy uncertainty further exacerbated the rupee’s decline.At…
Gold price prediction today: Gold rates are expected to rise in the coming months, driven by expectations of Fed rate cuts, geopolitical concerns, and fiscal worries. Spot gold closed with a gain, supported by healthy ETF inflows. Analysts suggest investors should consider buying on dips. Source link
ONGC takes over control of Vedanta-operated oil block The Government has directed state-run Oil and Natural Gas Corporation (ONGC) to take interim operational control of an oil and gas block from Vedanta, after rejecting the company’s request to renew its contract.Vedanta, which produces about one-fifth of India’s crude oil, has challenged the decision in the…
FMCG drops popular Rs 5 & Rs 10 packs Popular price points of Rs 5 and Rs 10 are disappearing from India’s fast-moving consumer goods (FMCG) shelves. Parle-G, after two decades of selling its smallest biscuit pack at Rs 5, has now priced it at Rs 4.45. Other everyday items are also shifting- the Rs…
Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to buy today are Fortis, and ONGC:Fortis – Buy in the range between Rs 965 & Rs 975; Stop Loss: Rs 945; Target: Rs 1020Fortis has broken out of…