Russian Foreign Minister Sergey Lavrov on Tuesday defended India’s decision to continue buying Russian oil, accusing the United States of trying to eliminate competition using the Ukraine conflict as a pretext. “Our Indian counterparts have already reacted to [this pressure] to stop buying oil from Russia. They proceed from the assumption [that] if the United […]
US markets today: Wall Street heads for fifth straight monthly gain; investors watch jobs, Fed, and government shutdown
US equities edged cautiously on Tuesday as Wall Street approached the end of another strong month, with investors balancing optimism over corporate earnings against economic uncertainty and the potential for a government shutdown.The S&P 500 slipped 0.2% in early trading, while the Dow Jones Industrial Average fell 27 points, or 0.1%. The Nasdaq composite was […]
RBI forms six-member payments regulatory board, includes 3 govt nominees; to oversee payment systems
The Reserve Bank of India (RBI) on Tuesday constituted a six-member Payments Regulatory Board (PRB) to supervise the functioning of payment systems across the country. The board is chaired by the RBI Governor and includes three nominees from the central government.The PRB replaces the earlier Board for Regulation and Supervision of Payment and Settlement System […]
Fiscal snapshot: Centre’s deficit at 38% of target, Rs 12.82 lakh cr receipts; capital, revenue outlays rise
The Centre’s fiscal deficit stood at 38.1 per cent of the full-year Budget Estimates (BE) at the end of August, according to data released by the Controller General of Accounts (CGA) on Tuesday.In absolute terms, the fiscal gap between government expenditure and revenue was Rs 5,98,153 crore for the April-August period of 2025-26, PTI reported. […]
Gold rate today: Prices rise Rs 500 to Rs 1.2 lakh/10g in Delhi; silver hits Rs 1.50 lakh/kg amid safe-haven demand
Gold rate today: Gold prices on Tuesday climbed Rs 500 to touch a record Rs 1.20 lakh per 10 grams in the national capital as a weaker dollar and expectations of further rate cuts by the US Federal Reserve supported bullion demand.According to the All India Sarafa Association, the yellow metal had surged Rs 1,500 […]
Another tariff! Trump hits lumber imports with 10% global duty; upholstered furniture also impacted
US President Donald Trump continued his series of tariffs on Monday (local time), with the latest move impacting lumber and home renovation products from October 14.The White House said a 10% global tariff will be applied to softwood lumber imports. At the same time, upholstered furniture will face a 25% global tariff, rising to 30% […]
Gold price rally impact: US Treasury’s gold reserves cross $1 trillion in value; over 90 times fixed value of $11 billion
The United States maintains a unique system where gold is held directly by the government rather than the central bank. (AI image) Gold prices have been reaching new lifetime highs and the value of gold reserves with countries is surging as well! The US Treasury’s gold reserves have crossed $1 trillion in value, marking a […]
New H-1B visa allocation system: After fee hike, will new weighted selection move spell bad news for Indian IT? Explained
Last week, the Department of Homeland Security said it plans to replace the existing random H-1B registration lottery with a weighted selection system. (AI image) After the $100,000 H-1B fee hike blow, will the new proposed system for selecting visa applicants under the Donald Trump administration bode a death knell for the Indian IT sector? […]
UPS vs NPS: Only 1 lakh of 23L govt employees switch to Unified Pension Scheme; request deadline extension
The government is considering whether to extend the September 30 deadline to switch to the UPS as barely 1 lakh out of 23 lakh government employees have opted.Several employees’ associations have written to the cabinet secretary, seeking a two-month extension to allow more staff to switch from the National Pension Scheme (NPS) to the UPS […]
Gold price prediction today: Gold may face resistance at Rs 121,000 levels – is it the right time to buy?
Currently, major driver of gold prices is huge ETF inflow amid rising expectations of further Fed rate cuts. (AI image) Gold price prediction today: Gold is likely to trade with a positive bias in the near term. However, resistance is seen at $4000 (Rs 121,000, says Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities […]