Gold prices surge to Rs 96,450 to all time high amid US-China trade war

Gold prices in India surged to a record high of Rs 96,450 per 10 grams, driven by strong demand and escalating US-China trade tensions. Global spot gold reached USD 3,237.39 per ounce, fueled by safe-haven demand amid economic uncertainty. Analysts predict a continued bullish trend for gold due to geopolitical instability and central bank diversification away from the US dollar. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Hkd...

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April 2025 bank holidays: Are banks closed on April 10, 2025 for Mahavir Jayanti? Check state-wise holiday list

Banks will be closed in Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Rajasthan, Uttar Pradesh, West Bengal, New Delhi, Chhattisgarh, and Jharkhand on April 10, 2025. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2kpv6...

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Banks can proceed against ex-IL&FS directors: NCLAT

NCLAT has permitted Canara Bank and Indian Bank to proceed against former IL&FS directors, excluding those on the new board since October 1, 2018, to declare them wilful defaulters. This protection extends to professional directors reappointed to the current IL&FS and its subsidiaries' boards. The banks are now allowed to apply to initiate proceedings against the specified former directors. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News...

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RBI set for rate cut, banks’ cost of funds may not drop

Despite RBI's repo rate cuts, deposit rates remain high, impacting banks' cost of funds. While home loan borrowers benefit, depositors see limited gains due to investor shifts and liquidity pressures. Experts anticipate further repo rate cuts, but transmission to deposit rates will be gradual, influenced by banks' liquidity coverage and policy stance. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i9Wz5...

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Bank of Baroda latest to lower rates on FDs

Bank of Baroda has replaced its BOB Utsav fixed deposit with the new 'bob Square Drive Deposit Scheme,' featuring revised interest rates. The 444-day scheme offers 7.15% to the general public, with higher rates for senior and super senior citizens, reaching 7.80% for non-callable deposits. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mT7X5...

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Goldman Sachs upgrades US recession risk to 45% amid escalating trade war tensions

Goldman Sachs has increased the probability of a US recession to 45% due to concerns over President Trump's proposed tariffs and their potential disruption to the global economy. Several other major investment banks, including JP Morgan, have also raised their recession risk predictions. Consequently, Goldman Sachs now anticipates the Federal Reserve to begin cutting interest rates in June. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https:...

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No panic selling in Gold, fundamentals stay strong despite recent price dip: WGC

The World Gold Council reassures investors that gold remains a strong asset despite recent price drops due to geopolitical tensions and market fluctuations. WGC's Regional CEO for India, Sachin Jain, noted the decline was anticipated and is not panic selling. Gold remains in demand, driven by central banks and geopolitical instability, making it a reliable long-term investment. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tsEq...

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Gold rate today: Yellow metal drops to 3-1/2-week low as market sell-off hits bullion

Gold prices fell to their lowest in over three weeks due to market downturns and recession fears driven by trade conflicts. Investors sold gold to offset losses, while central banks continued to purchase gold, supporting its value. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mMJrp...

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Top stocks to buy: Stock recommendations for the week starting April 7, 2025

Stock market recommendations: Motilal Oswal Financial Services highlights Trent and HDFC Bank as top stock picks for the week starting April 7, 2025. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LupJw...

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Women own 39.2% of bank accounts in India: Government report

The Ministry of Statistics and Programme Implementation reports that women own 39.2% of all bank accounts in India, with a higher proportion in rural areas. The gender-specific publication highlights female participation in banking, stock markets, startups, and politics, while indicating steady progress in education and workforce involvement. This report underscores the need for gender-sensitive policies to promote inclusive development. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News,...

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RBI likely to cut rates by 25 bps on April 9, say experts

The Reserve Bank of India (RBI) is expected to cut key interest rates by up to 25 basis points to stimulate growth amidst global challenges. The move is supported by stable inflation and is anticipated to benefit the housing and real estate sectors. The official announcement is scheduled for April 9 at the 54th MPC meeting. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Y9lf2...

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