Gold, Silver ETFs Jump 6-7% as Import Duty Hiked to 15%
Gold and silver ETFs surged 6-7% after the government raised import duty on precious metals to 15% from 6%, while jewellery stocks showed mixed trends. Market experts cite structural frictions.
Category : Business
Stock Market Live: Sensex, Nifty Positive Start; Trump-Xi Meet
Stock market live updates: Sensex and Nifty signal positive start, but crude oil prices remain elevated. All eyes on Trump-Xi meeting amid US-Iran tensions. Rupee at record low, FII outflows cap upside.
Higher Gold Import Duty to Strain Middle-Class Buyers
Higher import duty on gold is expected to strain middle-class shoppers, with industry executives projecting a 10-15% dip in sales volumes in the near-term.
Rupee hits record low of 95.8 against US dollar
The rupee weakened to a record low of 95.8 against the US dollar on Wednesday, slipping 6 paise, as external pressures and firm global cues kept sentiment subdued despite government measures.
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Pentagon Signs New Deals with Anduril, Castelion to Boost Missile Production
The Pentagon has reached framework agreements with Anduril, Castelion, and others to rapidly field low-cost cruise missiles and hypersonic solutions, aiming to produce over 10,000 missiles by 2030.
No austerity plans, govt to continue capex and subsidies
Government clarifies no budget cuts or austerity measures, reaffirms commitment to record capital expenditure and subsidy payments despite PM Modi's call for reduced non-essential spending.
Ashok Lahiri takes over as NITI Aayog vice-chairman
Economist Ashok Lahiri assumes role as 4th vice-chairman of NITI Aayog. In his first interview, he prioritizes education, health, and infrastructure, supports higher gold import duty, and cautions against broad oil subsidies.
Sri Lanka Sees Surge in Indian Investment Interest
Ceylon Chamber of Commerce chairperson says growing Indian interest in Sri Lanka's hospitality, ports, and logistics sectors signals strong investment momentum.
India Bans Sugar Exports Until 2026 to Control Prices
India bans sugar exports with immediate effect until September 30, 2026, aiming to stabilize domestic prices amid falling production and rising demand.
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Jake Paul and Jutta Leerdam Net Worth 2026: Combined Wealth
Explore the combined net worth of Jake Paul and Jutta Leerdam in 2026. Discover how boxing, endorsements, and social media built their multi-million dollar fortune.
Kevin Warsh Confirmed as New Federal Reserve Chair
Kevin Warsh, former Fed governor and Republican adviser, has been confirmed as the next Fed chair in a 54-45 Senate vote, replacing Jerome Powell amid inflation concerns.
India Bans Sugar Exports Until Sept 2026
India bans sugar exports until September 2026 to stabilize domestic prices, likely boosting global prices and benefiting rival producers Brazil and Thailand.
GMR Plans Rs 2600 Crore Loan for Nagpur Airport Expansion
GMR Nagpur International Airport Limited plans to lease 1,320 hectares from Mihan India Limited, aiming to increase passenger capacity from 30 lakh to 3 crore over 30 years, with a new terminal in 4-5 years.
Nagpur Airport Expansion Gets Green Light, Boosting Economy
Union cabinet approves modernisation of Nagpur airport under PPP model, hailed as a decisive moment for Vidarbha's economic future and Mihan project.
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Pune Fuel Sales Up 20% on Price Hike Fears, No Rush
Petrol and diesel sales in Pune have increased by about 20% over the past few days as consumers fill tanks fully amid speculation of a fuel price hike, though no panic buying is visible.
Modi Must Tax the Rich, Not Just the Middle Class
An analysis argues that India's tax burden falls disproportionately on the middle class, urging the government to tax the wealthy more to reduce inequality and boost revenue.
Cabinet Clears Hurdle for Nagpur Airport Expansion
The Union Cabinet approved extending land lease for Nagpur airport, enabling GMR Group to take over operations and invest Rs 7,000 crore for modernisation, ending a six-year legal battle.
GBA to Issue OCs for Buildings with Up to 15% Deviation
The Greater Bengaluru Authority (GBA) will issue occupancy certificates for buildings with up to 15% deviation from approved plans, easing compliance for developers.
Pune Man Dies, Woman Injured in Truck Accident
A 27-year-old man from Wagholi died and his woman friend sustained severe injuries after falling off their motorcycle under a truck near Manchar, Pune.
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NLSIU Students Overnight Protest Over Hostel Conditions
Students at NLSIU Bangalore held an overnight protest demanding better hostel facilities and infrastructure repairs, citing safety hazards and poor living conditions.
Cabinet Clears Rs 37,500 Crore Coal Gasification Scheme
The Union Cabinet has approved a Rs 37,500 crore incentive scheme to promote coal gasification, aiming to reduce imports and boost clean coal technology.
West Bengal lifts curbs on potato export after bumper harvest
West Bengal removed restrictions on interstate movement of agricultural produce, especially potatoes, after a record harvest of 140-150 lakh tonnes in 2025-26, aiming to prevent price crash and farmer distress.
Maharashtra Extends Textile Registration Deadline by 3 Months
The Maharashtra government has extended the deadline for textile operators to register on the online portal by three months, aiming to boost compliance for power subsidy eligibility.
Consumers Lock LPG Agency Over Cylinder Shortage in Beed
Consumers locked an LPG agency in Beed, Maharashtra, protesting delays in cylinder delivery despite online booking and advance payment. Officials blame panic buying for disruptions.
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Karnataka Rs 2,384 Crore Fake ITC Fraud Busted, 2 Held
Karnataka GST officials bust a Rs 2,384 crore fake input tax credit fraud, arresting two key accused. The scam involved bogus firms and forged invoices.
Ganga Expressway Toll from May 15 Midnight
Toll collection on Ganga Expressway will restart from May 15 midnight. Car owners will pay Rs 1,800 for the full 594-km stretch between Meerut and Prayagraj. UPEIDA has announced package-wise charges.
Kevin Warsh Confirmed as Next US Federal Reserve Chair
The US Senate confirmed Kevin Warsh as Federal Reserve chair in a 54-45 vote. Warsh, replacing Jerome Powell, faces inflation above target and internal Fed divisions over interest rates.
India Food Expo 2026 in Lucknow to Boost UP Food Processing
The 11th India Food Expo (IFX-2026) in Lucknow from Sept 18-20 aims to strengthen UP's food processing sector, with projected B2B business over Rs 700 crore.
LDA E-Auction for 149 Residential Plots Starts Thursday
LDA opens e-auction for 149 residential plots in Gomti Nagar Extension and Basant Kunj Yojana, part of 475 properties worth Rs 3,000 crore. Bidding ends May 28.
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Rs 30 Lakh Insurance Fraud with Fake Death Cert Busted
An insurance fraud of Rs 30 lakh using forged documents, including a fake death certificate and FIR, was uncovered in Prayagraj. Couple booked.
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