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Gold and silver prices: The price of the yellow metal in India’s retail market declined on Friday, 24 July, amid continued uncertainty and tensions between the United States and Iran. The recent attacks on tankers in the Red Sea have once again raised the possibility of persistent inflation in the foreseeable future due to elevated…
Employees changing jobs no longer need to submit a separate request to transfer their Employees’ Provident Fund (EPF) balance in many cases. The Employees’ Provident Fund Organisation (EPFO) now automatically transfers the balance from the previous PF account to the new one for eligible members, reducing paperwork and speeding up the process. However, the transfer…
Bengaluru-based Manipal Health Enterprises, which runs the Manipal Hospitals network, will open its maiden public issue for subscription on July 29. The IPO has been fixed in the price band of Rs 560-590 per share. Backed by Temasek and Ranjan Pai, the healthcare company plans to raise Rs 9,275 crore through the IPO. The issue…
The Indian stock market extended sharp losses for the fifth consecutive session, with Sensex and Nifty tumbling nearly 1% each on Friday morning as oil prices above $100 per barrel, FII selling and other factors spooked investors. Sensex tumbled over 800 points to the day’s low of 75,513, while Nifty 50 fell below the 23,650…
Shares of information technology major Infosys declined 2.6% to their day’s low of Rs 1,027 on the BSE on Friday after global brokerages issued bearish calls on the stock after the company trimmed the upper end of its revenue growth guidance to 1.5%-3% in constant currency, while maintaining its operating margin outlook at 20-22%. The…
India’s stock market may have absorbed the worst of geopolitical tensions, weak IT earnings and rupee pressure, but Viraj Gandhi, CEO of SAMCO Mutual Fund, says it is still too early to declare a bull market. Nifty’s ability to hold above 24,000 signals accumulation, he said, though sustained earnings growth and higher trading volumes are…
Nearly 1,500 ships have been sitting idle in the Persian Gulf for close to five months, trapped since fighting between the US and Iran shut down movement through the Strait of Hormuz on February 28, 2026. Marine scientists now say the real danger from this standoff may not be on these ships at all, it…
Once the processing of an individual taxpayer’s tax return is complete, the Income Tax Department generally sends an intimation under Section 143(1) of the Income Tax Act, 1961. This is a routine procedure. For most taxpayers, this notice serves as an intimation that no further action is required on their part. It can also be…
Domestic equities extended losses for the fourth consecutive session, with the Nifty declining 0.5% to close at 23,870. Investor sentiment remained fragile amid a sharp surge in Brent crude oil prices following escalating geopolitical tensions in West Asia, FII selling and cautious global cues, which outweighed support from the ongoing earnings season. Analysts say Indian…
Gold edged lower on Friday after falling 2% in the last session, as Brent crude’s move back above $100 a barrel stoked inflation concerns and strengthened the case for higher interest rates. FUNDAMENTALS Spot gold eased 0.1% to $4,042.77 per ounce by 0110 GMT, with prices down more than $120 from a two-week high hit…