Business

[ad_1] India, the world’s fifth largest economy, also has the seventh highest gold reserves globally. (AI image) Today is Akshaya Tritiya and buying gold is considered auspicious. But did you know that gold is considered a safe haven asset – not just by individuals but also central banks. Which explains why central banks around the…

[ad_1] The first four months of 2025 have demonstrated exceptional performance for gold investments. (AI image) Gold prices slipped by Rs 900 to Rs 98,550 per 10 grams in the national capital on Wednesday, tracking a weaker trend in global markets, according to the All India Sarafa Association.This marks a decline from Tuesday’s close of…

[ad_1] Furniture giant IKEA is planning to roll out smaller, compact-format stores, marking a “huge shift” in its strategy, to be more accessible for Indian customers. The company, currently in its second phase of growth in India, will be expanding across smaller cities in the country through a network of small-format stores developed according to…

[ad_1] With the US economy shrinking unexpectedly during the first quarter of 2025, anticipations that the Fed will gradually introduce rate cuts are high.Federal reserve policymakers, however, are unlikely to read too much into the first-quarter GDP decline, though traders believe clearer signs of economic weakness by June could prompt the central bank to start…

[ad_1] Every city tells its story through its architectural marvels, much like Charminar does for Hyderabad and Howrah Bridge does for Kolkata. Andhra Pradesh’s capital, Amaravati, will soon be joining the list with its inverted lily-shaped assembly building standing tall in the heart of the city.Amaravati, also referred to as Praja Rajdhani or the “people’s…

[ad_1] The Central Board of Direct Taxes (CBDT) has officially notified the income tax return (ITR) forms 1 and 4 for the financial year 2024–25. These forms shall be used for reporting incomes earned between 1 April 2024 and 31 March 2025, that is for the assessment year 2025–26.The government is expected to release the…

[ad_1] US GDP contracts: The economic news triggered a negative response in US stock markets US GDP contracts: The American economy saw an unexpected contraction during the first quarter of 2025, primarily attributed to increased imports as businesses and individuals built up inventories before US President Donald Trump‘s comprehensive tariffs took effect.According to figures released…

[ad_1] US markets opened in the red Tuesday morning, reacting to fresh economic data that showed the economy unexpectedly contracted in the first quarter of 2025. Investor sentiment soured sharply, sending major indexes tumbling.As of 9:33 AM EDT, the Dow Jones Industrial Average (DJIA) dropped 422.94 points to 40,104.68, down 1.04per cent . The Nasdaq…

[ad_1] NEW DELHI: Indian airlines are staring at additional weekly operational expenses of approximately Rs 77 crore due to closure of Pakistan airspace, amid escalating tensions in the aftermath of the Pahalgam terror attack.The closure is forcing airlines to take longer alternative routes, increasing fuel costs and flight durations significantly.Based on the number of international…

[ad_1] Akshaya Tritiya 2025 Bank Holiday: Banks will operate normally across all states except one on Wednesday, April 30, 2025, for Basava Jayanti and Akshaya Tritiya. It is an an auspicious Hindu festival associated with new ventures and gold purchases.Bank Holiday On April 30, 2025Karnataka has declared April 30, 2025, a bank holiday under the…