Business

Gold-backed ETFs experienced their most substantial single-day tonnage withdrawal in five months, indicating that institutional investors are reducing their positions. (AI image) Why are gold prices falling? After a record-breaking run, gold prices seem to be taking a breather with a significant 3% drop this week in the international markets. The yellow metal is set…

Representative image (AI-generated) The International Monetary Fund (IMF) on Friday urged Asian countries to lower non-tariff barriers and boost regional trade integration. The organisation said that this would help them reduce vulnerability to US tariffs and global economic shocks.Trade has been a major driver of Asia’s economic growth, with China serving as the global hub…

Donald Trump, Mark Carney (AP) US President Donald Trump announced late Thursday that he is halting “all trade negotiations” with Canada, citing recent television ads protesting US tariffs as “egregious behavior” intended to influence American court decisions.“The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald…

The Donald Trump-led administration is preparing to defend its new H-1B visa policy in court after multiple lawsuits were filed against the $100,000 fee imposed on new visa applicants.White House Press Secretary Karoline Leavitt on Thursday (local time) said the administration would fight the legal challenges, arguing that the H-1B system has been misused for…

The White House press secretary Karoline Leavitt on Thursday (local time) claimed that India had scaled back Russian oil imports at US President Donald Trump‘s “request” and China was doing the same.“If you read the sanctions and look at them, they’re pretty hefty. I saw some international news out of China this morning that they’re…

NEW DELHI: Sebi on Thursday proposed to ease the geo-tagging requirement for non-resident Indian clients during their re-KYC or KYC process through digital onboarding or video client identification (V-CIP). In a draft circular, the regulator has sought public comments on its proposal to relax the condition that requires NRI clients to be physically present in…

India Inc’s revenue grew by up to 6 per cent in the July-September quarter, according to a report released on Thursday by an arm of domestic rating agency Crisil, as it analysed the performance of 600 companies for the quarter.“Corporate revenue is expected to have grown a modest 5-6 per cent on-year in the July-September…

MUMBAI: India’s outward remittances for overseas education fell 24% year-on-year to about $0.32billion in Aug 2025 from $0.42billion in Aug 2024. The figure was the lowest for Aug since 2017, a month that typically sees higher remittances at the start of the academic season in US.“The 24% fall in education remittances highlights how closely India’s…

Changpeng Zhao, left, and US President Donald Trump US President Donald Trump on Thursday pardoned Binance founder Changpeng Zhao, who pleaded guilty of enabling money laundering while leading the cryptocurrency exchange.“President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency,”…

India’s state-run oil refiners are expected to continue importing Russian crude through intermediary traders despite fresh US sanctions on Rosneft PJSC and Lukoil PJSC, two of Russia’s largest oil companies, industry sources told PTI. The sanctions target firms accused of helping fund the Kremlin’s “war machine” in Ukraine.The sanctions, announced this week, cover companies that…