Gold rate today: Gold prices in the national capital rose Rs 400 to Rs 1,01,420 per 10 grams on Thursday, supported by fresh buying from stockists and firm global trends, according to the All India Sarafa Association. The yellow metal of 99.9% purity had closed at Rs 1,01,020 in the previous session.Gold of 99.5% purity…
AI image India’s manufacturing industry has a ‘rare opportunity to leapfrog global incumbents’ by moving away from its low-cost production image and embracing innovation-led growth, according to Accel’s Advanced Manufacturing Report 2025, released on Thursday.As per news agency PTI, the global venture capital firm identified precision engineering, aerospace, EV components, semiconductors, robotics, and advanced materials…
India’s merchandise exports touched $37.24 billion in July, marking a 7.29% increase from $34.71 billion a year earlier, according to government data released Thursday. The trade deficit for the month came in at $27.35 billion.Imports rose 8.6% year-on-year to $64.59 billion in July, PTI reportedCumulatively, in April–July 2025-26, exports grew 3.07% to $149.2 billion, while…
But many taxpayers make the mistake of not mentioning exempt incomes in their income tax return. (AI image) ITR filing FY 2024-25: PPF interest is tax free. So is the interest coming from tax free bonds. The maturity proceeds of life insurance plans are also exempt from tax. But while the taxman lets you pocket…
India and China are both worried about the potential trade imbalance in the pharmaceutical sector. (AI image) US President Donald Trump’s tariff war with India and China, may result in the two countries forging better trade ties. India and China are expected to begin discussions soon on a trade package involving the supply of essential…
Generative Artificial Intelligence (AI) could enhance banking operations in India by as much as 46%, according to a Reserve Bank of India (RBI) report. As per news agency ANI, the central bank said AI could help financial institutions better understand customers, operate more efficiently, and deliver personalised services at scale.“GenAI is poised to improve banking…
India’s credit-to-deposit ratio remains under 80% as lending growth continues to trail deposit inflows, according to a report by CareEdge Rating. According to news agency ANI, while both credit offtake and deposits have grown sequentially, the pace is slower than last year, narrowing the gap between the two.The report stated, “Credit to Deposit Ratio Remains…
Representative image (PTI photo) NEW DELHI: The number of days taken for finalisation of the insolvency resolution plan has dropped from 752 days at the end of the March quarter to 694 days at the end of June, but remains significantly higher than the prescribed 180 days, which can be extended by another 90.According to…
MUMBAI: An RBI panel examining the responsible use of AI in finance has urged regulators to adopt a “tolerant supervisory stance” towards mistakes made by AI systems. The idea is to allow institutions some leeway for first-time errors if they have adequate safety measures in place. The aim, the panel argues, is to encourage innovation…
Representative image (Picture credit: AP) Asian shares moved in a tight range on Thursday, pausing after three days of gains fuelled by growing expectations that the US Federal Reserve will cut interest rates next month. Japanese stocks pulled back from record levels, while South Korea and Australia advanced.Japan’s Nikkei 225 fell 0.31% and the broader…