Business

The Reserve Bank of India (RBI) on Wednesday released draft directions to regulate the novation of over-the-counter (OTC) derivative contracts, aiming to streamline and rationalise the regulatory requirements for such transactions.Novation, under the draft guidelines titled Reserve Bank of India (Novation of OTC Derivative Contracts) Directions, 2025, refers to replacing an existing market maker in…

Gold price today: Gold prices declined by Rs 700 to Rs 98,420 per 10 grams in the national capital on Wednesday, tracking weak global cues amid reduced expectations of a near-term rate cut by the US Federal Reserve. According to the All India Sarafa Association, gold of 99.9% purity had settled at Rs 99,120 in…

The lithium-ion battery (LiB) market in India is projected to grow sharply over the next five years, led by rising demand from electric vehicles, consumer electronics, and stationary storage applications, according to a joint report released by the India Cellular and Electronics Association (ICEA) and Accenture.The report estimates that total LiB demand will reach 115…

Elon Musk’s firm plans $1 billion share sale (Picture credit: PTI, AP) Elon Musk’s SpaceX is preparing to raise fresh capital and allow employees to cash out in a tender offer that would peg the company’s valuation at around $400 billion, potentially making it the most valuable privately held firm in the United States, according…

The Central Board of Direct Taxes has instructed regional offices to accelerate collections. (AI image) The CBDT (Central Board of Direct Taxes) has successfully collected ₹20,000 crore in pending dues during the first quarter of the current financial year, representing a twofold increase compared to the corresponding period last year. These collections were in response…

Gold and silver prices are expected to remain volatile this week. (AI image) Gold rate today: Precious metals have seen a decline as Gold August futures on MCX traded at Rs 96,168 per 10 grams, showing a decrease of Rs 304 or 0.32%. Gold prices have witnessed a reduction of Rs 3,200 in the last…

IndiGo is likely to convert its purchase rights for 40 Airbus A350 aircraft into a confirmed order, according to a senior executive at the European aerospace giant. If finalised, this would take the airline’s total firm A350 orders to 100.“They actually will order more aircraft… because they believe they will need those aircraft. And so,…

As Prada continues to face criticism over its Kolhapuri chappal-inspired sandals, the broader fashion world is grappling with how to engage with Indian aesthetics without falling into appropriation. The Italian label was called out on social media and by industry insiders for using a design closely resembling India’s traditional Kolhapuri footwear, without crediting the original…

Analysts maintain a positive outlook for the immediate future, citing potential trade developments. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Wednesday amidst ongoing uncertainty on Donald Trump’s tariff moves. While Nifty50 was below 25,500, BSE Sensex was down over 100 points. At 9:18 AM,…

Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, AAVAS Financiers, Jyothy Labs, and Varun Beverages Limited (VBL) are the top stocks to buy today:AAVAS Financiers – Consolidation with Strong Base FormationBuy near ₹1900 | SL: ₹1700 | Target: ₹2300AAVAS…