She bought gold at a discount of Rs 5,000 per 10 grams, took no receipt: How Indians are turning to under-the-counter cash deals as gold prices soar, bagging discounts of up to 6%

For bulk purchases, such off-the-record cash deals can bring prices down by as much as 6% from prevailing market rates. (Image for representative purposes) Gold prices, despite their recent correction, are still very high and the hike in gold import duties from 6% to 15% has raised the cost of jewellery further.Although prices have fallen…

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His son died, and LIC denied father Rs 5 lakh over alleged undisclosed heart condition; Consumer Commission finds no reliable medical proof, orders Rs 5 lakh plus 7% interest and Rs 10,000

The father and nominee of the deceased son, approached the consumer commission after LIC refused to honour a life insurance claim. Your child takes life insurance, and after his death the insurer denies the claim on the basis that your son hid a pre-existing condition. What happens then?In one such case, the District Consumer Disputes…

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Nvidia announces record $150 billion share buyback amid AI boom

Nvidia’s growth outlook remains closely tied to the global AI infrastructure boom. (Reuters) Nvidia has increased its share buyback authorisation by a record $150 billion, taking its total remaining repurchase capacity to $235 billion as the chipmaker bets on continued demand for artificial intelligence hardware amid intensifying competition.The increase surpasses Apple’s $110 billion buyback authorisation…

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Nitin Gadkari says Rs 61,500 crore, 630-km highway corridor to link Siliguri with Guwahati, Shillong; high-speed between UP & North East in works to cut travel time drastically

Gadkari described the 630-km corridor as the “lifeline” of the North East. (Image for representative purpose only) High-speed highway connectivity is in the works for the North-East connecting it to Uttar Pradesh in the future. Road transport and highways minister Nitin Gadkari on Monday said that the government will soon take up construction of a…

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Advocate, his wife, son & daughter booked a Gulmarg hotel but on reaching discovered it did not exist, family forced to spend night in car at -4 degrees; travel portal ordered to pay Rs 48,775

According to the man, his wife, daughter and son were left waiting inside a car during heavy snowfall. (Image for representative purpose only) Family holidays are joyous occasions, but what if your vacation becomes an ordeal because the hotels you booked online via a travel portal turn are missing! Worst still, you are forced to…

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US exempts India, 19 other countries from 100% tariff on speciality drugs | India News

The zero-duty framework covers medicines and related products used for rare diseases. US has exempted select speciality medicines and related components from import duties for India and 19 other partner jurisdictions, offering potential relief to parts of the pharmaceutical industry.The exemption comes as Washington moves ahead with a 100% tariff on certain patented pharmaceutical products….

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