RBI Reaffirms Gold Holdings at 880.52 Tonnes
The Reserve Bank of India clarified that its physical gold stock remains at 880.52 tonnes, refuting media reports of a sale. Gold's share in forex reserves rose to 16.85% as of May 22, 2026.
The Reserve Bank of India clarified that its physical gold stock remains at 880.52 tonnes, refuting media reports of a sale. Gold's share in forex reserves rose to 16.85% as of May 22, 2026.
Spice Islands Industries has delivered over 2,000% returns in 3 years, driven by Rogers brand revival, EV expansion, and profit growth. The small-cap stock transformed into a diversified business.
The Reserve Bank of India has refuted a report claiming it sold USD 12 billion worth of gold, calling it baseless and misleading. The central bank highlighted its increasing gold reserves.
India's data center industry is set to offer a $35 billion capex opportunity for industrial equipment manufacturers by 2030, driven by rapid digitalization and AI adoption.
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RecommendedTransBnk launches CBNxT'26, a first-of-its-kind corporate banking event in Mumbai, featuring leaders from Yes Bank, HDFC, Standard Chartered, HSBC, and more to discuss AI, treasury, and embedded finance.
Hangzhou introduces the 'New Eight Steeds,' eight cutting-edge startups focusing on hard tech like smart glasses, chips, and space-based computing, aiming to define the next decade.
Shares of TCS, Infosys, Tech Mahindra, and HCLTech fell sharply amid a broader market crash on June 3. Check full details on the IT sector decline.
The USTR has proposed additional tariffs of 10-12.5% on imports from India and 53 other economies for failing to enforce forced labour import bans, complicating ongoing BTA talks.
The Anti-Corruption Bureau has booked N Bhujanga Rao, an accused in the phone-tapping case, for possessing assets disproportionate to his income. Searches are underway at 13 locations.
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RecommendedHaryana achieved 22% SGST growth in May 2026, highest among states, with net collections of Rs 4,456 crore, surpassing national average of 6%.
Cheung Kong Graduate School of Business opens its first permanent Beijing campus, bridging China's past and future. The 30,000 sqm facility hosts 275 new EMBA students.
Japanese banks are scaling down in China due to rising costs and EV competition, pivoting to Southeast Asia and India, with acquisitions in Indian financial firms.
Kannada stars Yash and Radhika Pandit have purchased a premium beachfront property in Alibag for Rs 24 crore, including agricultural land. The deal was registered in May 2026.
Indian benchmarks Sensex and Nifty fell over 1% on Wednesday as Iran-US tensions escalated, crude oil surged, and FII outflows continued, eroding over Rs 3 lakh crore in market cap.
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RecommendedA new expressway link will bypass Lucknow traffic, cutting travel time between Delhi and Bihar significantly. The project is expected to be completed by 2026.
A new survey reveals 47% of employees have considered leaving jobs due to a disconnect between corporate promises and reality, highlighting ethical concerns and fear of retaliation.
Indian stock markets opened sharply lower on Monday, with the Sensex plunging over 700 points and Nifty below 24,000, dragged by IT and banking stocks amid weak global cues.
The Indian rupee depreciated 28 paise to 95.64 against the US dollar in early trade on Tuesday, tracking a strong greenback and risk aversion among investors.
Indian equity benchmarks opened lower on Wednesday, with Sensex and Nifty falling amid continued FII outflows and geopolitical tensions in West Asia. IT stocks were the worst performers.
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RecommendedThe USTR has concluded a Section 301 investigation covering 60 countries, including India, for failing to enforce forced labour import prohibitions. The finding comes as a US trade delegation visits India for bilateral trade talks.
Indian stock markets plunged over 1% on June 3, 2026, with Sensex and Nifty falling sharply. Here are the key reasons behind the market crash, including global cues and domestic factors.
A Pune-based IT company abruptly shut down, leaving hundreds of employees jobless and seeking refunds of Rs 15,000 laptop deposits amid unpaid salaries.
Residents in newer sectors of Noida face frequent power cuts due to aging infrastructure and delayed budget disbursals, affecting daily life and summer comfort.
Upma Chawdhry, a retired 1983-batch IAS officer, has been appointed as the Chairperson of the Metropolitan Stock Exchange, becoming the first woman to head a Market Infrastructure Institution in India.
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RecommendedRising house rentals in Hyderabad's IT corridor are pushing residents into shared flats, crowded PGs, and longer commutes as rents surge 10-20%, outpacing salary growth.
The USTR has named India among 54 economies with inadequate measures against forced labor imports, proposing additional tariffs of 10-12.5% amid ongoing bilateral trade talks.
A report suggests the RBI sold gold in recent months to bolster forex reserves amid pressure on the rupee and rising import costs. The move indicates strategic reserve management.
JP Morgan overweight on RIL (target Rs 1,660), CLSA outperform on Lenskart (target Rs 604), Elara buy on BEML (target Rs 2,700), Motilal neutral on ITC (target Rs 300).
IOAGPL's Dharwad asset head cites delays in PNG connections due to slow permissions for land digging and road cutting. Talks with district administration planned to expedite approvals.
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RecommendedDiscover six essential factors for creating a serene and functional home temple in modern interiors, from height planning to storage solutions.