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Golden glow fades: Women reassess buying gold amid price surge

New Delhi, Apr 25 (PTI) The price of gold in the country has touched a historic high and briefly crossed the figure of one lakh rupees per ten grams. This unprecedented increase in the price has not only shocked the market but has also deeply affected ordinary people, especially women, who were hoping to buy this yellow metal. At a time when buying gold is the priority of every Indian household during Akshaya Tritiya and wedding season, the unexpected surge in the price of this precious metal has shocked middle-class families. According to the All India Sarafa Association, gold of

Rupee falls 8 paise to close at 85.41 against US dollar

Mumbai, Apr 25 (PTI) The rupee pared its initial gains and settled for the day lower by 8 paise at 85.41 against the US dollar on Friday, amid heightened geopolitical tensions and a negative trend in the domestic markets. Forex traders said escalated geopolitical tensions, following a terror attack in Pahalgam, Jammu and Kashmir, weighed on market sentiment. Moreover, a muted trend in domestic equities and positive US dollar index dented investors’ sentiment further. At the interbank foreign exchange, the domestic unit opened at 85.17 and moved between the intra-day high of 85.08 and the low of 85.65 against the

Sensex, Nifty fall for 2nd day on selling in Axis Bank, Indo-Pak border tensions

Mumbai, Apr 25 (PTI) Equity benchmark indices Sensex and Nifty declined sharply on Friday due to selling in Axis Bank and growing tensions along the Indo-Pak border following the terror attack at Pahalgam in Jammu & Kashmir. Wiping out early gains, the 30-share BSE barometer tanked 588.90 points or 0.74 per cent to settle at 79,212.53. During the day, it dropped 1,195.62 points or 1.49 per cent to 78,605.81. Falling for the second day, the NSE Nifty tumbled 207.35 points or 0.86 per cent to 24,039.35. Experts said worries over growing geopolitical tensions after Tuesday’s Pahalgam terror attack weighed on

CBI arrests I-T Deputy Commissioner, CA for ‘sabotaging’ faceless I-T assessment scheme

New Delhi, Apr 25 (PTI) The CBI arrested a deputy commissioner of the income-tax department and a chartered accountant on Friday for allegedly sabotaging the faceless scheme for I-T assessment, officials said. Deputy Commissioner of Income Tax Vijayendra, a 2015-batch Indian Revenue Service (IRS) officer posted at the department’s Jhandewalan office in Delhi, was arrested here, while chartered accountant Dinesh Kumar Agarwal was arrested in Gujarat’s Bharuch, they said. The Central Bureau of Investigation’s (CBI) probe into the matter has shown that the duo contacted various assesses of pending high-value I-T assessment cases, promising favourable orders in their cases under

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