Gold loans surge as small borrowers shun MFIs: 122% jump in June, shows RBI data; soaring prices, lower rates fuel shift

[ad_1] Lower-income borrowers with limited income are increasingly turning to gold loans instead of microfinance institutions (MFIs) to meet urgent financial needs. Rising gold prices, lower gold-loan interest rates and stricter MFI lending norms are driving the trend. RBI data show gold-backed loans jumped 122 per cent year-on-year until June, while the Microfinance Industry Network…

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India’s first private-sector strategic petroleum reserve! Megha Engineering bags Rs 5,700-crore project; why it’s important

[ad_1] The venture includes a crude oil filling expense of $1.25 billion (Rs 11,020 crore) at present rates. (AI image for representative purpose) India is looking to build its first-ever private sector strategic petroleum reserve in the next five years. The massive Rs 5,700 crore project contract has been awarded to Megha Engineering & Infrastructures…

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Russia’s economy to outpace global growth; focus on fiscal stability, technology and foreign ties: Putin

[ad_1] Russian President Vladimir Putin stressed the need for Russia’s economic growth to outpace global rates during a conference addressing financial matters.At the conference, Putin highlighted how the country’s fiscal stability and execution of initiatives and schemes are directly linked to its economic performance. “It is obvious that the stability of public finances, the implementation…

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ITR filing due date extended to September 16: Why did Income Tax department grant an extra day for tax returns filing? What we know

[ad_1] ITR filing due date extension: The move came, even as the number of filed returns crossed 7.3 crore by 15 September, the highest ever. ITR filing FY 2024-25 due date extended: Amid a record surge in Income Tax Return (ITR) filings, the government has extended the deadline for Assessment Year 2025-26 by a day,…

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India-US trade deal: First in-person talks since Donald Trump imposed 50% tariffs; what to expect

[ad_1] This is the first face-to-face trade discussion since US President Donald Trump levied punitive tariffs on New Delhi. (AI image) India and the US are set to resume bilateral trade deal talks on Tuesday with Donald Trump administration’s Brendan Lynch, the assistant US Trade Representative for South and Central Asia, heading the delegation.This is…

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Employment rate: Joblessness dips for 2nd month as figure eases to 5.1% in August; rural, male categories drive fall

[ad_1] India’s unemployment rate for people aged 15 years and above eased to 5.1 per cent in August 2025, marking a second consecutive month of decline, according to the latest Periodic Labour Force Survey (PLFS) released by the ministry of statistics and programme implementation (MoSPI) on Monday.The rate had stood at 5.2 per cent in…

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AI startup Krutrim faces reality check

[ad_1] BENGALURU: What was once billed as India’s challenger to global giants in artificial intelligence and semiconductors has quietly dwindled into a shadow of those ambitions. Krutrim, the AI venture founded by Ola’s Bhavish Aggarwal, is now largely sustained by his personal wealth and loans tied to his Ola Electric stake, with most of its…

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