The Reserve Bank of India (RBI) has issued draft guidelines to streamline and standardize the procedures for issuing gold loans by banks and non-banking financial companies (NBFCs).These proposals aim to bring uniformity in gold loan practices and enhance transparency for borrowers.According to Sahil Kumar Gaba, National Manager-Gold Loan at Ujjivan Small Finance Bank, the RBI…
Inflation in the UK surged to its highest level since January 2024 in April, driven by sharp increases in domestic bills such as energy and water, official data revealed on Wednesday.The Office for National Statistics reported that the consumer prices index rose to 3.5 per cent in the 12 months to April, up from 2.6…
NEW DELHI: The Government of India has introduced the ePassport which is a combined paper and electronic passport featuring an embedded RFID chip and antenna. The chip securely stores the passport holder’s personal and biometric data and is visually identified by a small gold-coloured symbol on the front cover.With this rollout, India joins over 120…
Banks are soon expected to be assigned their own unique national calling number. This number will also have the facility to receive incoming calls to help customers verify and confirm their credibility.According to industry executives cited by ET, discussions are underway with both the government and the Reserve Bank of India as lenders are hoping…
NEW DELHI: Using the wet lease route to expand its international network, IndiGo will from July 1, 2025, launch thrice weekly flights between Mumbai and Manchester. And from the next day, IndiGo will start nonstops between Mumbai and Amsterdam.Both these thrice weekly routes will be launched using the wet leasedBoeing 787-9 Dreamliners (hired with operating…
Pakistan plans to secure external commercial financing totalling $4.9 billion for the fiscal year 2025-26. (AI image) Pakistan’s GDP growth has missed the government’s growth target for FY 2024-25, recording only 2.68 per cent growth against the anticipated 3.6 per cent, according to sources from Pakistan’s National Accounts Committee, as reported by ARY News on…
Various mango varieties, such as Alphonso, Kesar, Banganapalli and Himayat, have gained access to the US market. (AI image) The US rejecting mango consignments from India has led to exporters destroying the fruits resulting in big losses, and Indian authorities have alleged that America did not follow the standard procedure. After Indian authorities faced rejection…
Gold turned volatile last week as it plunged by almost 3% to a low of $ 3120 per Oz in spot before recovering. (AI image) Gold price prediction today: Gold rate has been fluctuating amidst global turmoil and uncertainty regarding Donald Trump’s trade policies, the recent US credit rating downgrade. Till a few weeks ago…
Market experts anticipate sideways movement whilst following international developments, particularly US trade negotiations with India and China. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 went above 24,700, BSE Sensex was up over 200 points. At 9:22 AM, Nifty50 was trading at…
Nomura has a buy on Infosyswith the target price at Rs 1,720. Analysts said that at the meeting with the company’s CFO, it was clear that the IT major’s focus on cash flow generation will continue and it would be disciplined while going for mergers & acquisitions.The stock remains Nomura’s top pick.CLSA has an underperform…