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IndiaTV Business: Google News Feed: Digest for May 31, 2024

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Gold and silver prices on May 28: Check city-wise rates

Tuesday 28 May 2024 06:10 AM UTC+00
The Gold prices went up on Tuesday (May 28). The cost of 24 carat gold is Rs 72,390.00 per 10 grams, which is up by Rs 30 at 11.05 am since yesterday. The cost of Silver also increased by Rs 170 to Rs 95,030.00 today.
The benchmark BSE Sensex continued its downward trajectory for the third consecutive day, shedding 220 points amidst volatile trading on Tuesday. The decline was attributed to profit-taking in sectors such as power, oil, and capital goods, as investors awaited the outcome of the Lok Sabha elections.
If you are a working woman, chances are that you would also be looking for tax-saving means. As most working people know, most preferred tax saving ways are to invest your money in various available option. But that requires a basic understanding of which options to invest in. As the first quarter of the financial year is going on, it is better to start investing now. This will not only save your tax but also provide financial support. Let us talk about various schemes which not only give monetary benefits but also help you to save tax. Not to tell, the following schemes are some of the safest investments in the country.
Life Insurance Corporation of India (LIC) is planning to enter the health insurance market and is exploring potential acquisitions to facilitate this expansion. This initiative follows a proposal to introduce composite insurance companies, which would allow life insurers to offer hospitalisation and indemnity coverage, pending an amendment to the Insurance Act.
New Delhi: The government on Tuesday put on hold the new norms for permissible wastage amounts for gold, silver, and platinum content in jewellery exports until July 31, 2024. This decision came just a day after the notification was issued, following serious concerns raised by the gems and jewellery industry regarding the new standards.
The Income Tax Department has issued a fresh notification to taxpayers, asking them to link their Permanent Account Number (PAN) with Aadhaar by May 31, 2024. The tax department posted this reminder reminder on X, highlighting the importance of meeting the deadline to avoid higher tax deductions at source (TDS). "Kind attention taxpayers, please link your PAN with Aadhaar before May 31, 2024... Linking your PAN with your Aadhaar by May 31 ensures you don't face higher tax deduction/tax collection under Section 206AA and 206CC of the Income Tax Act, 1961, due to an inoperative PAN for transactions entered into before March 31, 2024," said the I-T Department.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 416.1 points to 74,754.35. Meanwhile, the Nifty declined 125.9 points to 22,762.25. 
Gold and silver prices: The price of 24-carat gold went up by Rs 10, with 10 grams of the precious metal trading at Rs 72,940  on Wednesday. Similarly, the price of silver also rose by Rs 100, with 1 kilogram of the precious metal selling at Rs 96,600.
New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company.
S&P Global Ratings on Wednesday upgraded India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure.
If you are a working woman, chances are that you would also be looking for tax-saving means. As most working people know, most preferred tax saving ways are to invest your money in various available option. But that requires a basic understanding of which options to invest in. As the first quarter of the financial year is going on, it is better to start investing now. This will not only save your tax but also provide financial support. Let us talk about various schemes which not only give monetary benefits but also help you to save tax. Not to tell, the following schemes are some of the safest investments in the country.
Life Insurance Corporation of India (LIC) is planning to enter the health insurance market and is exploring potential acquisitions to facilitate this expansion. This initiative follows a proposal to introduce composite insurance companies, which would allow life insurers to offer hospitalisation and indemnity coverage, pending an amendment to the Insurance Act.
New Delhi: The government on Tuesday put on hold the new norms for permissible wastage amounts for gold, silver, and platinum content in jewellery exports until July 31, 2024. This decision came just a day after the notification was issued, following serious concerns raised by the gems and jewellery industry regarding the new standards.
The Income Tax Department has issued a fresh notification to taxpayers, asking them to link their Permanent Account Number (PAN) with Aadhaar by May 31, 2024. The tax department posted this reminder reminder on X, highlighting the importance of meeting the deadline to avoid higher tax deductions at source (TDS). "Kind attention taxpayers, please link your PAN with Aadhaar before May 31, 2024... Linking your PAN with your Aadhaar by May 31 ensures you don't face higher tax deduction/tax collection under Section 206AA and 206CC of the Income Tax Act, 1961, due to an inoperative PAN for transactions entered into before March 31, 2024," said the I-T Department.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 416.1 points to 74,754.35. Meanwhile, the Nifty declined 125.9 points to 22,762.25. 
Gold and silver prices: The price of 24-carat gold went up by Rs 10, with 10 grams of the precious metal trading at Rs 72,940  on Wednesday. Similarly, the price of silver also rose by Rs 100, with 1 kilogram of the precious metal selling at Rs 96,600.
New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company.
S&P Global Ratings on Wednesday upgraded India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure.
Gold and silver prices: Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Thursday. The price of 24-carat gold decreased by Rs 380, with 10 grams of the precious metal trading at Rs 72,560  at 8 am on Thursday. Similarly, the price of silver also saw a dip by Rs 130, with 1 kilogram of the precious metal selling at Rs 96,470 in the country.
Stock markets update: Equity benchmark indices declined on second consecutive days in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 183.39 points to 74,319.51. Meanwhile, the Nifty declined 58.90 points to 22,645.80.  
New Delhi: The government on Tuesday put on hold the new norms for permissible wastage amounts for gold, silver, and platinum content in jewellery exports until July 31, 2024. This decision came just a day after the notification was issued, following serious concerns raised by the gems and jewellery industry regarding the new standards.
The Income Tax Department has issued a fresh notification to taxpayers, asking them to link their Permanent Account Number (PAN) with Aadhaar by May 31, 2024. The tax department posted this reminder reminder on X, highlighting the importance of meeting the deadline to avoid higher tax deductions at source (TDS). "Kind attention taxpayers, please link your PAN with Aadhaar before May 31, 2024... Linking your PAN with your Aadhaar by May 31 ensures you don't face higher tax deduction/tax collection under Section 206AA and 206CC of the Income Tax Act, 1961, due to an inoperative PAN for transactions entered into before March 31, 2024," said the I-T Department.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 416.1 points to 74,754.35. Meanwhile, the Nifty declined 125.9 points to 22,762.25. 
Gold and silver prices: The price of 24-carat gold went up by Rs 10, with 10 grams of the precious metal trading at Rs 72,940  on Wednesday. Similarly, the price of silver also rose by Rs 100, with 1 kilogram of the precious metal selling at Rs 96,600.
New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company.
S&P Global Ratings on Wednesday upgraded India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure.
Gold and silver prices: Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Thursday. The price of 24-carat gold decreased by Rs 380, with 10 grams of the precious metal trading at Rs 72,560  at 8 am on Thursday. Similarly, the price of silver also saw a dip by Rs 130, with 1 kilogram of the precious metal selling at Rs 96,470 in the country.
Stock markets update: Equity benchmark indices declined on second consecutive days in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 183.39 points to 74,319.51. Meanwhile, the Nifty declined 58.90 points to 22,645.80.  
S&P Global Ratings has upgraded India's sovereign rating outlook to 'positive' from 'stable', while maintaining the rating at 'BBB-'. Notably, the 'BBB' ratings indicate that expectations of default risk are currently low. The agency cited India's robust economic expansion as a key factor positively influencing its credit metrics. This development coincides with the final stages of India's extensive Lok Sabha elections, which have spanned six weeks, making it the largest democratic exercise in the world.
The Sensex tumbled 617.30 points, closing at 73,885.60 on Wednesday, marking a significant decline in market sentiment. Similarly, the Nifty experienced a substantial drop, losing 216.05 points to settle at 22,488.65, reflecting widespread market sell-offs.
The Income Tax Department has issued a fresh notification to taxpayers, asking them to link their Permanent Account Number (PAN) with Aadhaar by May 31, 2024. The tax department posted this reminder reminder on X, highlighting the importance of meeting the deadline to avoid higher tax deductions at source (TDS). "Kind attention taxpayers, please link your PAN with Aadhaar before May 31, 2024... Linking your PAN with your Aadhaar by May 31 ensures you don't face higher tax deduction/tax collection under Section 206AA and 206CC of the Income Tax Act, 1961, due to an inoperative PAN for transactions entered into before March 31, 2024," said the I-T Department.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 416.1 points to 74,754.35. Meanwhile, the Nifty declined 125.9 points to 22,762.25. 
Gold and silver prices: The price of 24-carat gold went up by Rs 10, with 10 grams of the precious metal trading at Rs 72,940  on Wednesday. Similarly, the price of silver also rose by Rs 100, with 1 kilogram of the precious metal selling at Rs 96,600.
New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company.
S&P Global Ratings on Wednesday upgraded India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure.
Gold and silver prices: Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Thursday. The price of 24-carat gold decreased by Rs 380, with 10 grams of the precious metal trading at Rs 72,560  at 8 am on Thursday. Similarly, the price of silver also saw a dip by Rs 130, with 1 kilogram of the precious metal selling at Rs 96,470 in the country.
Stock markets update: Equity benchmark indices declined on second consecutive days in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 183.39 points to 74,319.51. Meanwhile, the Nifty declined 58.90 points to 22,645.80.  
S&P Global Ratings has upgraded India's sovereign rating outlook to 'positive' from 'stable', while maintaining the rating at 'BBB-'. Notably, the 'BBB' ratings indicate that expectations of default risk are currently low. The agency cited India's robust economic expansion as a key factor positively influencing its credit metrics. This development coincides with the final stages of India's extensive Lok Sabha elections, which have spanned six weeks, making it the largest democratic exercise in the world.
Benchmark equity indices Sensex and Nifty continued their downward trajectory on Thursday, marking a fifth consecutive day of declines. The downturn was driven by profit booking amid the monthly expiry in the derivatives segment. The 30-share BSE Sensex plunged by 617.30 points, or 0.83%, to settle at 73,885.60. During the day, it hit a low of 73,668.73 due to heavy selling in blue-chip stocks. Similarly, the NSE Nifty dropped by 216.05 points, or 0.95%, closing at 22,488.65.
S&P Global Ratings has upgraded India's credit rating outlook from stable to positive, citing policy stability, economic reforms, and high infrastructure investment as key factors driving sustained long-term growth prospects. The sovereign rating remains at 'BBB-', the lowest investment grade.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 416.1 points to 74,754.35. Meanwhile, the Nifty declined 125.9 points to 22,762.25. 
Gold and silver prices: The price of 24-carat gold went up by Rs 10, with 10 grams of the precious metal trading at Rs 72,940  on Wednesday. Similarly, the price of silver also rose by Rs 100, with 1 kilogram of the precious metal selling at Rs 96,600.
New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company.
S&P Global Ratings on Wednesday upgraded India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure.
Gold and silver prices: Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Thursday. The price of 24-carat gold decreased by Rs 380, with 10 grams of the precious metal trading at Rs 72,560  at 8 am on Thursday. Similarly, the price of silver also saw a dip by Rs 130, with 1 kilogram of the precious metal selling at Rs 96,470 in the country.
Stock markets update: Equity benchmark indices declined on second consecutive days in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 183.39 points to 74,319.51. Meanwhile, the Nifty declined 58.90 points to 22,645.80.  
S&P Global Ratings has upgraded India's sovereign rating outlook to 'positive' from 'stable', while maintaining the rating at 'BBB-'. Notably, the 'BBB' ratings indicate that expectations of default risk are currently low. The agency cited India's robust economic expansion as a key factor positively influencing its credit metrics. This development coincides with the final stages of India's extensive Lok Sabha elections, which have spanned six weeks, making it the largest democratic exercise in the world.
Benchmark equity indices Sensex and Nifty continued their downward trajectory on Thursday, marking a fifth consecutive day of declines. The downturn was driven by profit booking amid the monthly expiry in the derivatives segment. The 30-share BSE Sensex plunged by 617.30 points, or 0.83%, to settle at 73,885.60. During the day, it hit a low of 73,668.73 due to heavy selling in blue-chip stocks. Similarly, the NSE Nifty dropped by 216.05 points, or 0.95%, closing at 22,488.65.
S&P Global Ratings has upgraded India's credit rating outlook from stable to positive, citing policy stability, economic reforms, and high infrastructure investment as key factors driving sustained long-term growth prospects. The sovereign rating remains at 'BBB-', the lowest investment grade.
TIME magazine has unveiled its coveted list of 100 World's Most Influential Companies for 2024, featuring India's corporate powerhouses Reliance Industries and Tata Group, along with Serum Institute. Reliance Industries, headed by Mukesh Ambani, earned its spot for the second time, with TIME hailing it as 'India's Juggernaut'. The conglomerate's subsidiary, Jio Platforms, was previously honored in TIME's inaugural 100 Most Influential Companies List of 2021.
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