India is turning to its overseas community to boost its foreign currency inflows, with banks expected to offer substantial leverage on special foreign-currency deposits. This comes after the Reserve Bank of India (RBI) cleared lenders to extend loans against such deposits.Earlier on Tuesday, the apex bank said that lenders can extend loans to overseas residents…
Gautam Adani said land has already been identified for the proposed nuclear venture, Adani Atomic Energy. At the Adani group’s annual general meeting (AGM), chairman Gautam Adani said that there are plans to develop 10 gigawatts (GW) of nuclear power capacity by 2035. He signalled the conglomerate’s entry into the nuclear energy sector as it…
Over the last few years, Form 26AS and Annual Information Statement (AIS) have emerged as key ITR filing documents. (AI image) ITR filing FY 2025-26: For salaried taxpayers, Form 26AS has become an important part of the income tax return filing process. Before you e-file your ITR on the income tax website, it is important…
Gold remains vulnerable to testing the key $4,000/oz support level and may even slide further. (AI image) Gold price prediction today: Gold prices are facing upward resistance and US Federal Reserve’s policy will continue to determine prices in the near-term, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold…
Any acquisition would depend on ONGC obtaining a licence from US authorities permitting it to operate the two fields. (AI image) Oil and Natural Gas Corp (ONGC) is reportedely in discussions with Venezuela’s state-owned oil producer PDVSA to purchase either a portion or all of its holdings in two oilfields located in the South American…
Deutsche Bank has lowered its outlook for gold prices by slightly more than 20%, cautioning that the metal could decline to $3,800 per ounce if financial markets begin factoring in three to four interest rate increases by the US Federal Reserve. The bank said the balance of risks for bullion has shifted clearly to the…
Top stocks to buy today (AI image) Stock market recommendations: Eicher Motors Ltd, Torrent Power, and Bajaj Auto have been recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares as top stock picks to buy today on June 24, 2026:Eicher Motors Ltd: Breakout Above Ichimoku Resistance with Strong MomentumBuy: Rs 7,650–Rs 7,550…
MUMBAI: Reserve Bank of India has opened the floodgates for foreign capital, allowing Indian banks to route money from overseas branches to non-resident Indians for deposits back home under a revamped FCNR(B) scheme, while also removing key currency and credit risks to spur inflows.The second dispensation that will have a multiplier effect on NRI deposits…
MUMBAI: A massive slide in tech-heavy Korean stock market on Tuesday, which followed the overnight sell-off in US tech stocks, pulled sensex down by nearly 900 points to 76,201 points. However, despite the day’s tech-led sell-off, foreign funds were net buyers, something that market players said was a positive sign.The day’s session started on a…
MUMBAI: E-commerce arch-rivals Flipkart and Amazon are on an expansion spree of sorts-they are aggressively ramping up the count of fulfilment centres to gain market share in quick deliveries, a segment they have been late to enter, ceding most of the space to Eternal’s Blinkit, Swiggy’s Instamart and IPO-bound Zepto.As they play catch up in…
