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Investors holding the Sovereign Gold Bond (SGB) 2017-18 Series VI, issued on November 6, 2017, will be eligible for premature redemption on May 6, 2025, at a price of Rs 9,453 per gram, as notified by the Reserve Bank of India. This marks a gain of around 221% on the original issue price of Rs…

Warren Buffett to pass baton to Greg Abel Shareholders of Berkshire Hathaway are contemplating the future of the conglomerate following Warren Buffett‘s unexpected announcement of stepping down as chief executive by year end. While most acknowledging that the company will remain stable under Vice Chairman Greg Abel’s leadership who Buffett endorsed to be his successor,…

AI-generated image (Credit: Bing image creator) The US services sector showed signs of improvement in April, with the Institute for Supply Management’s (ISM) services index rising to 51.6 per cent from 50.8 per cent in March. The reading slightly exceeded market expectations of 50.2 per cent and remained above the 50 per cent threshold that…

India and the US are focusing on select industries to achieve a swift trade agreement. (AI image) India, US close in on trade deal? In trade discussions with the US, India has put forward a proposal for zero-for-zero tariff arrangements on specific items including steel, auto parts and pharmaceuticals, based on reciprocity and limited to…

AI-generated image (Credit: Bing image creator) The US administration’s April 2 tariff announcement (later paused for 90 days) is part of a broader strategy aimed at compelling foreign governments to reduce trade barriers to American goods.Moving beyond traditional tariffs, the policy targetsnon-tariff barriers such as agricultural regulations, taxation systems, currency practices, product standards, legal frameworks,…

New ITR-2 form notified: The Central Board of Direct Taxes (CBDT) has notified the updated ITR-2 Form for AY 2025-26, which includes key changes such as separate reporting of capital gains, allowance of capital loss on share buybacks from October 1, 2024, and a raised threshold for reporting assets and liabilities to Rs 1 crore….

The Reserve Bank of India (RBI) added nearly 25 tonne of gold to its reserves during the second half of FY25, a period marked by a strong rally in global gold prices, according to official data released on Monday.As of March 31, 2025, the central bank’s total gold holdings stood at 879.59 tonne, up from…

Warren Buffett (File photo) Billionaire investor Warren Buffett will remain chairman of Berkshire Hathaway even after Vice Chairman Greg Abel assumes the role of CEO at the start of 2026. The board of directors at the cash-rich conglomerate voted Sunday to retain the 94-year-old as chairman, offering reassurance to investors concerned about Berkshire’s stability amid…

Moody’s has cautioned that continued tensions might restrict Pakistan’s ability to secure external financing. (AI image) Pakistan’s economy will suffer a bigger setback than India amidst ongoing tensions, Moody’s Ratings has warned. Heightened and prolonged tensions with India could adversely affect Pakistan’s economic growth and impede the government’s fiscal consolidation efforts, potentially undermining its progress…

Whilst immediate impact on Pakistan’s water supply might be limited, future effects could materialise. As India-Pakistan tensions escalate, the Narendra Modi government is taking steps to enhance the storage capacity at two hydroelectric facilities in Kashmir‘s Himalayan region, according to sources familiar with the situation who spoke to Reuters. This action follows India’s decision to…