Dhanteras Shines Bright: Gold Sales Sparkle Despite High Prices! Dhanteras shopping: High price tags didn’t dim gold’s shine – Here’s what drew in consumers. High gold and had little effect on this Dhanteras, with sales matching last year’s volumes and rising by more than 25% in value. Despite record-high gold and silver prices, Dhanteras sales […]
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The Indian government is indeed taking a tough stance on tax evasion related to cryptocurrency trades. Over 400 high-net-worth individuals are being scrutinized for allegedly hiding their crypto profits on Binance, with the tax authorities seeking to recover evaded taxes, penalties, and interest. Key Points: Tax Evasion Amount: The tax evasion probe revealed nearly $97
Mega PSU Bank Merger: Smaller Banks to Merge with SBI, BoB, and PNB by FY 2027 The Indian government is planning a massive consolidation of public sector banks (PSBs). Plan is to merge smaller lenders with larger banks. According to reports, Indian Overseas Bank (IOB), Central Bank of India (CBI), Bank of India (BOI), and
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Emirates NBD’s $3 Billion Bet on Indian Bank: Acquiring a 60% Stake in RBL Bank to Redefine Cross-Border Banking In a landmark move for the Indian financial services sector, Dubai-based Emirates NBD Bank PJSC (ENBD) has entered into an agreement to acquire a 60 % controlling stake in Indian private lender RBL Bank Ltd. (formerly Ratnakar Bank) through a preferential
U.S. Dollar Dominance: A History of Strategic Devaluation and Global Financial Resets 1. The 1934 Debt Wipeout: The Gold Reserve Act The Crisis: The U.S. faced historically high debt levels (relative to the pre-war era). The Strategy: President Franklin D. Roosevelt devalued the gold price from ~ $20.67 to ~ $35 per ounce. The Impact:
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India’s Gold Reserves Cross $100 Billion for the First Time! The Reserve Bank of India’s gold reserves have surpassed the $100 billion mark for the first time. It has reached a staggering $102.365 billion as of October 10, 2025. This milestone was achieved largely due to surging global bullion prices, even though the central bank’s
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Reliance Industries Q2 FY26: A Mixed Bag of Strength and Challenges Reliance Industries reported a consolidated net profit of ₹18,165 crore in Q2 FY26, marking a 10% year-on-year growth on a revenue of ₹2.59 lakh crore. Here’s a breakdown of the key highlights: Oil-to-Chemicals (O2C) Business: Revenue grew 3.2% YoY to ₹160,558 crore, with EBITDA
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Zepto Valued at $7 Billion After $450 Million Funding Round The popular 10-minute delivery platform, Zepto, announced raising a fresh funding round of $450 million. The influential US pension fund CalPERS (California Public Employees’ Retirement System) led the investment, making Zepto’s valuation catapult to $7 billion. Quick commerce giant Zepto has secured $450 million in
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Many SME promoters carry 10 myths about going public that hold them back from true growth: 1. “I’ll lose control if I go public.” 2. “Compliance will kill my business.” 3. “IPO is only for big companies.” 4. “Regulators will interfere too much.” 5. “I know best, I don’t need advisors.” 6. “My few clients
India’s Apparel Exports Take a Hit: 15% Drop in Q2 FY26 Based on reports from the Confederation of Indian Textile Industry (CITI), India’s apparel exports declined by 14.8% during the second quarter (July–September) of the financial year 2025–26, falling to $3.09 billion. The main drivers of this drop were weakening global demand and new U.S.
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