Gold price prediction: The holiday-shortened week ahead could see subdued volumes, but volatility may persist depending on economic data and geopolitical updates. (AI image) Gold price prediction today: Gold prices have been trading lower as geopolitical tensions ease and demand for safe haven assets falls. However, the downside has been capped by a weaker US…
Asian equity markets showed strength on Monday, buoyed by optimism over US-Canada trade negotiations and sustained demand in the global technology sector. However, gains were tempered by concerns around upcoming US employment data, which weighed on the dollar. Japan’s Nikkei led the region with a 1.6 per cent gain, supported by strong performances in tech…
New Delhi: The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return.There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to…
Bengaluru: Ola has introduced a nationwide flat fee model for its cab-hailing business, allowing drivers to retain 100% of their earnings after paying a fixed daily access charge of Rs 67. This move replaces the long-standing commission structure, where platforms deducted 20%-30% per trip, marking a significant shift in India’s ride-hailing economics.Internally, senior Ola executives…
India’s trade team has extended its stay in Washington to iron out differences as the two sides look to clinch a deal before a July 9 deadline when higher US tariffs are set to kick in, people familiar with the matter said. The in-person negotiations were initially supposed to run through June 27 but were…
New Delhi: Tata Steel said it has received a show cause-cum-demand (SCN) notice from tax authorities over an “alleged irregular availment of input tax credit” amounting to over Rs 1,000 crore between FY19 and FY23. The company said it has already paid a GST of Rs 514,19,36,211 in the normal course of business. Agencies Source…
Mumbai: State Bank of India (SBI) is set to undergo a digital transformation in FY26, led by the launch of a revamped Yono platform. Dubbed ‘Only Yono’, the new app will feature hyper-personalised user journeys and have biometric logins and multilingual support. The bank is also expanding paperless account opening through video KYC for sole…
Digital engineering solutions company Altimetrik is acquiring Bengaluru-based SLK Software to accelerate its goal of reaching $1 billion in annual revenue. The transaction remains subject to customary closing conditions. Financial details were not disclosed. Founded in 2000, SLK Software is a tech services provider focused on bringing AI, intelligent automation, and analytics together to create…
Zomato co-founder Deepinder Goyal is venturing into the regional aviation space with LAT Aerospace, a startup that aims to redefine short-haul air travel in India, according to a LinkedIn post by LAT co-founder Surobhi Das.“While building Zomato and flying across India, Deepinder and I kept circling back to the same question: Why is regional air…
Tata Steel has received a show cause-cum-demand notice from tax authorities over ‘alleged irregular availment of input tax credit’ (ITC) totalling over Rs 1,007 crore for the financial years 2018-19 to 2022-23, the company informed stock exchanges on Sunday.According to the notice dated June 27 from the Office of the Commissioner (Audit), Central Tax, Ranchi,…
