The market value of household gold has risen sharply and now stands at nearly 80% of national GDP. This reflects both decades of steady accumulation by families and a recent surge in gold prices. The result is a huge stock of private wealth held in the form of jewelry, coins and bars, with broad implications … Read more
Small losses quietly eating into household budgets For many Indian families, the threat from fraud has shifted. It is no longer just headline-grabbing heists or large fraud cases. Instead, small, repeated losses — a few hundred rupees here, a monthly subscription there — are gradually eroding disposable income. These tiny drains are often hard to … Read more
Company seeks up to $1 billion loan ahead of possible Chapter 11 filing Saks Global Enterprises is lining up a loan of as much as $1 billion to help finance its operations as it prepares for a potential Chapter 11 bankruptcy filing in the coming weeks, people familiar with the matter say. The financing would … Read more
Dollar slips after weaker-than-expected ISM Manufacturing PMI The dollar index traded 0.06% lower at 98.21 following the release of the U.S. ISM Manufacturing PMI, which came in below market expectations. The move was modest but notable, reflecting how sensitive currency markets are to economic data that signal changes in growth and inflation dynamics. What the … Read more
Gold’s role as a hedge stays intact despite slower price gains Gold may not be racing higher at the same pace it did in past rallies, but many analysts still see it as a reliable hedge against economic uncertainty. Ongoing central bank purchases, persistent worries about inflation and rising global debt levels are all keeping … Read more
Domestic Currency’s Rally Tempered by Local Stocks and Geopolitical Strain Forex traders say the domestic currency showed promising strength recently, but gains were restrained by two main forces: weak performance in local equity markets and rising geopolitical tensions between the United States and Venezuela. Together, these factors kept a lid on what might otherwise have … Read more
The acquisition of Grofers for around ₹4,447 crore in an all-stock deal marked a notable step in the consolidation of India’s online grocery and quick-commerce landscape. At the time of the deal, Grofers had been known for working primarily on a next-day delivery model, a contrast to the emerging demand for faster, on-demand grocery fulfilment. … Read more
Why online health insurance is often cheaper Buying health insurance directly from an insurer’s website or through online aggregators usually costs less. Insurers save on distribution costs when they sell directly. There are fewer commissions, less paperwork and faster underwriting. Online platforms also encourage price transparency and competition, which pushes premiums down. For many simple … Read more
Market snapshot: notable laggards surface Markets saw pressure during the session, with a handful of large-cap names among the day’s underperformers. Reliance Industries, Tata Motors Passenger Vehicles, Eternal, HDFC Bank, and Adani Ports stood out as notable laggards, weighing on broader sentiment. Why these stocks underperformed There isn’t a single reason for the weakness. Often, … Read more
The Indian rupee gained ground against the US dollar on the interbank market, opening at 90.22 and strengthening further to 90.12. The move represented an improvement of 18 paise from the previous close — roughly a 0.2% shift — giving the rupee a modest boost early in the trading session. Quick market snapshot Opening rate: … Read more