Silver Rates Drop 2% on MCX as Selling Pressure Mounts
Silver prices on MCX fell sharply by nearly 2% in early Friday trading, opening with a gap-down at ₹2,87,127 per kg and hitting an intraday low of ₹2,85,513 per kg.
Category : Banking
EPFO to Use AI, Blockchain for Old PF Record Verification
EPFO plans to deploy AI, blockchain, and machine learning to authenticate past service records for members, especially those from pre-UAN era, simplifying claims and merging accounts.
PFC Targets 20% Renewable Energy Loans in 3 Years
Power Finance Corporation plans to increase renewable energy loans to 20% of its portfolio within three years, up from current 15%, as announced by chairperson Parminder Chopra in Kolkata.
RBI Approves SMBC's India Subsidiary Conversion
The Reserve Bank of India has given in-principle approval to Japan's Sumitomo Mitsui Banking Corporation to convert its Indian branches into a wholly owned subsidiary.
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RBI Proposes 9% Capital Charge on Forex, Gold from 2027
RBI draft regulations mandate banks to maintain 9% capital on net open positions in foreign exchange and gold starting April 2027, aiming to curb market volatility risks.
Sebi Urges Better IPO Disclosures, NSE Settlement Advances
Sebi Chairman Tuhin Kanta Pandey calls for enhanced disclosures in IPO documents, highlighting gaps in risk factors and valuations. He also confirms progress in NSE's settlement case.
Gold, Silver Prices Drop Globally; Domestic Rates at Record Highs
Gold and silver prices declined in international markets due to a stronger US dollar and reduced safe-haven demand. Meanwhile, domestic rates in India reached new record highs in the previous session.
Bank Holiday Today: Tamil Nadu, Andhra Pradesh Affected
Banks remain closed in Tamil Nadu and Andhra Pradesh on January 16 for Thiruvalluvar Day and Kanuma. Multiple states observe holidays this week for harvest festivals.
RBI Dividend Rules Could Mean More Government Payouts
The Reserve Bank of India proposes letting banks pay up to 75% of net profit as dividends, potentially increasing government receipts from public sector banks.
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Verizon Gives $20 Credit for Service Outage
Verizon issues $20 account credits to subscribers affected by January 14th nationwide outage. Thousands lost mobile connectivity for calls and transactions.
Gold Hits Lifetime High in India at Rs 1,47,300
Gold prices surged to a new lifetime high in India on Thursday, reaching Rs 1,47,300 per 10 grams, driven by strong demand from jewellers and stockists.
Silver Prices Jump 7,135% in 40 Years, Delhi Rates Surge
Silver prices in Delhi have skyrocketed over 7,135% since 1985, with current rates at ₹286,180 per kg. Investors who bought silver decades ago are reaping huge returns as the precious metal hits record highs.
SEBI Approves NSE Settlement in Co-Location, Dark Fibre Cases
SEBI has given in-principle approval to NSE's settlement applications in co-location and dark fibre matters, potentially speeding up the exchange's long-awaited IPO process.
Silver Hits Rs 2.89 Lakh/kg, Gold at Rs 1.47 Lakh/10g
Silver prices in Delhi surged to a record Rs 2.89 lakh per kilogram, while gold strengthened to Rs 1.47 lakh per 10 grams, continuing a five-day rally.
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Budget 2026-27 Printing Remains in North Block
India's Union Budget 2026-27 will be printed in North Block's basement press, continuing a decades-old tradition despite the finance ministry's relocation to Kartavya Bhawan.
Hold Megabank Stocks: Strong Outlook Despite Sell-Off
U.S. megabank shares have dipped after strong earnings, but the economic outlook and policy environment suggest continued growth potential for 2026.
Angel One Q3 Profit Up 27%, Dividend & Stock Split Approved
Angel One reports strong Q3 2026 results with profit jumping 27% quarter-on-quarter. Board approves interim dividend and stock split, boosting investor confidence.
Moody's Upgrades Outlook for Adani Ports, Two Other Firms
Moody's Investors Service has upgraded the outlook for Adani Ports and Special Economic Zone and two other Adani group firms to stable from negative, while reaffirming their ratings.
SEBI Nod to NSE: IPO Still Months Away, Says MD Ashish Chauhan
NSE MD Ashish Chauhan welcomes SEBI's in-principle approval for the exchange's IPO but clarifies the actual listing is still months away, pending final regulatory steps.
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Gold Rates Volatile on MCX Amid Dollar Rise; Time to Buy?
Gold rates on MCX show volatility due to profit booking and a stronger US dollar. Experts weigh in on whether this presents a buying opportunity for investors.
AI Boom Fuels Tech Bond Surge, Investors Urged Caution
Tech giants issue over $120 billion in bonds for AI infrastructure, but bond investors face risks despite attractive yields. Experts warn of market capacity concerns and prefer stability over hype.
FiatPe Founder on Budget 2026, UPI Growth, and AI
Richika Dadheech, MD of FiatPe, discusses fintech expectations for Budget 2026, UPI's global rise, cybersecurity needs, and AI's transformative role in shaping India's digital payments landscape.
CBI Raids Multiple Locations in UCO Bank Fraud Case
The Central Bureau of Investigation conducted raids across several locations in West Bengal as part of its probe into a major fraud case involving UCO Bank.
Banks vs Crypto: Stablecoin Rewards Clash in Senate
US Senate Banking Committee faces a crucial vote on crypto regulation as banks lobby fiercely against stablecoin rewards that threaten traditional deposits.
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ITR-U: Second Chance for Missed Income at High Cost
Taxpayers who missed December's revision deadline can still file updated returns through ITR-U, but only if it increases tax liability with penalties rising up to 70% over four years.
Sebi Eyes Regulatory Role in Unlisted Share Market
Sebi chief Tuhin Kanta Pandey reveals discussions with the Ministry of Corporate Affairs about extending regulatory oversight to India's unlisted share market, citing pricing mismatches and disclosure gaps as key concerns.
Groww Q3 Growth Supports High Valuation
Groww's Q3FY26 results show strong growth with orders up 14% sequentially to 474 million, boosting platform revenue and EBITDA, supporting its premium valuation.
New Income Tax Rules Due Soon, FY27 Budget Minimal Changes
The FY27 Union Budget may bring minimal income tax law changes, but new rules under the Income Tax Act, 2025, will shape taxpayer rights, compliance, and safeguards from April 1.
Bharat Coking Coal IPO Allotment Status Out
Bharat Coking Coal IPO share allotment is now finalized. Investors can check their status online through registrar portal, BSE or NSE websites. Refunds begin Friday.
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Gold, Silver Prices to Hit New Highs: Nuvama Expert
Gold and silver prices are poised for further gains, with MCX gold eyeing 151,000 and silver targeting 320,000, according to Abhilash Koikkara of Nuvama.
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