Gold prices down $100 from record-high on uptick in US Treasury yields; Q1GDP lowers Fed rate cut hopes

Gold prices down $100 from record-high on uptick in US Treasury yields; Q1GDP lowers Fed rate cut hopes

Gold prices today: The yellow metal trimmed gains on Thursday, April 25, as US Treasury yields rose after gross domestic product (GDP) data showed signs of persistent core inflation, which in turn, lowered expectations of the Federal Reserve cutting interest rates anytime soon. Spot gold firmed 0.3 per cent at $2,321.70 per ounce after rising … Read more

Nifty 50 expected to rise 14% to reach 25,810 level by December, says Prabhudas; picks 7 large cap stocks to buy

Nifty 50 expected to rise 14% to reach 25,810 level by December, says Prabhudas; picks 7 large cap stocks to buy

Nifty 50 will have scaled up to the 25,810 mark by December 2024, highlighted domestic brokerage Prabhudas Lilladher in its most recent India Strategy Report, Democratic Hat-trick to Re-Rate Markets. The ongoing rule of the National Democratic Alliance (NDA) government and the La Nina-led regular monsoons, which are predicted to bring policy stability and accelerate … Read more

CIBIL: How to improve your credit score with a mortgage loan?

CIBIL: How to improve your credit score with a mortgage loan?

Taking a mortgage and managing it in a responsible way can improve your CIBIL score. By raising a home loan or taking a loan against a property, you can lengthen your credit history, which is an important factor in credit scoring models.  And a longer credit history usually reflects positively on your creditworthiness. This is … Read more

AI: A daily companion—study highlights increasing adoption among Indians

AI: A daily companion—study highlights increasing adoption among Indians

A recent study by Kantar has revealed a dramatic surge in AI adoption, showcasing how Indians are increasingly turning to smart technologies to simplify tasks, from home automation to virtual assistance. An impressive 724 million Indians are already integrated into the AI ecosystem, a number expected to grow by 6% annually. These users engage with … Read more

Stocks to watch: Axis Bank, Macrotech, LTIM, Nestle, Bajaj Finance, KMB

Stocks to watch: Axis Bank, Macrotech, LTIM, Nestle, Bajaj Finance, KMB

Macrotech Developers: The company, operating under the ‘Lodha’ brand, has increased its pre-sales forecast for 2024-25 by 20% to ₹17,500 crore, backed by robust demand and a strong launch pipeline, according to a senior company official. The Mumbai-based developer achieved a record high of ₹14,520 crore in pre-sales in FY24. On Wednesday, the real estate … Read more

What are the legal obligations of being witness to a friend’s will?

What are the legal obligations of being witness to a friend’s will?

I have been asked to sign as a witness for my friend’s will. In this legal role, what are the implications and responsibilities that come with being a witness to a will? Are there specific legal obligations or requirements that I should be aware of? —Name withheld on request  A will is an instrument of … Read more

Saudi Hospital Group Fakeeh Care to List in Riyadh IPO

(Bloomberg) — Saudi hospital group Dr. Soliman Abdul Kader Fakeeh Hospital and its shareholders plan to sell a 21.5% stake in its Riyadh initial public offering, as listings in the kingdom pick up after a short hiatus. The company will sell 30 million new shares while the founding family will offer 19.8 million shares in … Read more

Ashneer Grover says ‘taxpayers are minority in elections’ amid inheritance tax row: ‘You can get away saying…’

Ashneer Grover says 'taxpayers are minority in elections' amid inheritance tax row: ‘You can get away saying…’

Taxpayers are the most ‘meaningless minority’ as far as general elections are concerned and political leaders can say anything on tax in a political rally and get away with it, according to Ashneer Grover. The former managing director of fintech major BharatPe has said if one tries to understand ‘tax politics in India’, only 0.5 … Read more