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Independence Day 2026: A 1968 gold ban that turned every Indian household into an underground vaultIn 1968, the Gold (Control) Act restricted gold ownership and capped jewellery purity at 14 karats to curb imports and conserve foreign exc...
Gold retreats from two-month high after inflation-driven rallyGold prices experienced a dip on Friday, retreating from a recently established two-month peak, driven by mild U.S. inflation figures that ...
Fed says too little, RBI is too predictable. Both may have a problemThe US Fed and RBI face opposite communication risks: Kevin Warsh’s reduced guidance leaves markets uncertain about how the Fed will react,...
Independence Day 2026: Sabse bada rupaiyah! The rupee's journey to becoming truly IndianKnow about history of Indian rupee: India's currency evolved from diverse regional money to a unified rupee. The Reserve Bank of India was ...
Essar Energy Transition secures $400 million financing from European, UK banksEssar Energy Transition secured $400 million in financing from European and UK banks. This funding will strengthen its balance sheet and su...
Count-counterpoint: MPC's external members must have the courage to dissent, disagreement drives course correctionThe Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. The committee must balance inflation concerns...
Global Market: UK growth at risk as EY flags inflation surge from Hormuz disruptionAccording to Reuters, EY expects the UK economy to expand by 0.8% in 2026 if the vital shipping route reopens by the end of September, befo...
UK recession fears grow if Hormuz remains closed, forecaster warnsBritain's economy may shrink in 2027 if the Strait of Hormuz closure continues. Forecasters predict a 0.2% contraction if the waterway rema...
Charting the Global Economy: Central banks hold the lineGlobal central banks maintained interest rates this week due to rising energy costs. The Federal Reserve and Bank of England saw some offic...
In 1996, British publisher Felix Dennis began a tree-planting mission; his Heart of England Forest has grown to more than 2 million treesMagazine mogul Felix Dennis created a forest legacy by planting millions of trees. He transformed farmland into a woodland, which continues...
Global Market: BoE outlines inflation, growth paths under three economic scenarios after holding ratesThe Bank of England kept its benchmark interest rate unchanged at 3.75% and outlined three economic scenarios for the UK, with its central ...
Bank of England policymakers keep rates on hold but more back hikeThe Bank of England decided to keep its benchmark interest rate steady at 3.75 percent. However, three policymakers have pushed for a possi...
UK bond yields and sterling dip after BoE holds rates steadyIn a move consistent with expectations, the Bank of England has kept interest rates steady at 3.75 percent. They noted domestic conditions ...
Gold pulled India back from the edge of crisis 35 years agoThirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining mome...
Global Market: Bank of England expected to hold rates steady as inflation risks stay in focusThe Bank of England is expected to hold its benchmark interest rate at 3.75% as policymakers assess inflation risks from geopolitical tensi...
Gold edges higher as markets weigh Warsh's inflation message after Fed decisionGold prices saw a slight increase as markets evaluated Federal Reserve comments. The central bank maintained interest rates, leaving future...
Dollar steadies as Fed holds rates, US strikes IranThe US dollar strengthened in Asian trading after the Federal Reserve maintained its interest rate. Geopolitical developments, including ai...
Gold edges lower ahead of Fed decision on interest ratesGold prices saw a slight decrease as the dollar remained strong. Market participants await the Federal Reserve's policy decision for rate c...
Global Market: UK gilt yields hit one-week low as oil prices retreat, easing rate concernsThe decline in oil prices followed a pause in U.S. military attacks on Iran, reducing fears of a prolonged disruption to global energy supp...
Global Market: UK inflation drops to 2.6%; markets eye Bank of England's next rate decisionBritain's annual consumer price inflation eased to 2.6% in June from 2.8% in May, coming in below expectations as energy prices moderated. ...