The Indian government has raised the import duties on gold and silver sharply, setting the new rates at 15% from the previous 6%. This move comes just days after Prime Minister Narendra Modi urged the public to avoid purchasing gold for the next year, in response to the growing economic strain caused by the Iran war and the pressure on India's foreign exchange reserves. The government's decision involves a 10% basic customs duty along with an additional 5% Agriculture Infrastructure

Gautam Adani has overtaken Mukesh Ambani to become Asia’s richest individual, according to the latest Bloomberg Billionaires Index. Adani’s net worth has risen to $92.6 billion, placing him 19th globally, while Ambani now stands at $90.8 billion, ranking 20th worldwide. The shift reflects the dynamic nature of global wealth rankings, where even small market movements can alter positions at

In a stunning turn of events, the global precious metals market witnessed a staggering $2 trillion wipeout, a rare occurrence that has rattled financial markets. This unprecedented crash occurred in just hours, disrupting the long-held belief that metals like gold and silver serve as ultimate safe-havens, especially during times of crisis. What makes this even more perplexing is that the meltdown happened amid an escalating war, with oil prices still elevated and investors seeking refuge in c

​The ongoing reshuffle among Formula One team leadership took a significant turn on Friday, March 20, as Audi confirmed the departure of team principal Jonathan Wheatley. The move has intensified speculation across the paddock, particularly regarding potential changes at Aston Martin, where uncertainty around senior roles continues to generate discussion. Wheatley, regarded as a key figure in Audi’s Formula One project, leaves at a crucial phase as the team continues preparations for its full entry into the sport. His exit has immediately drawn attention due to growing reports linking him with a possible leadership position at Aston Martin. These developments come amid ongoing rumours surrounding the future of Adrian Newey, one of the most influential technical minds in Formula One. While speculation suggests Newey could be set to leave Aston Martin, the team moved quickly to reaffirm its commitment, issuing a statement backing the veteran designer. The timing of Wheatley’s departure, however, has led to further conjecture about whether a leadership restructuring could still be on the horizon. Industry observers note that leadership changes often precede broader strategic shifts within teams, particularly as Formula One enters a new regulatory and competitive phase. Wheatley’s experience and track record make him a strong candidate for senior roles, adding weight to reports linking him with Aston Martin. Despite the rumours, no official confirmation has been made regarding any move to Aston Martin. For now, both teams remain focused on their respective objectives, with Audi continuing its long-term build-up and Aston Martin aiming to maintain stability amid external speculation. As the Formula One season progresses, attention will remain firmly on leadership developments, with Wheatley’s next move likely to influence the competitive landscape in the months ahead.

The Indian Rupee rebounded from its all-time low on Tuesday morning, rising by 7 paise to 92.14 against the US Dollar in early trade. This recovery follows a sharp fall in global oil prices, spurred by comments from US President Donald Trump regarding the potential end of the ongoing conflict with Iran. Additionally, a weaker US Dollar and a strong opening in the domestic equity markets further supported the local currency, although Foreign Institutional Investors (FII) outflows limited signi

The Indian rupee weakened to a fresh all-time low of 91.99 against the US dollar on January 29, extending its recent slide amid persistent pressure from global and domestic factors. The currency has now fallen 2 percent so far this year and nearly 5 percent since the United States imposed higher tariffs on Indian merchandise exports. The sharp decline reflects continued weakness in foreign capital inflows and a surge in corporate demand for dollar hedging, which have outweighed the positive i

Japan’s central bank on Thursday began its final policy meeting of the year, with markets widely expecting a further increase in benchmark interest rates as officials continue the gradual shift away from years of ultra-loose monetary policy. The decision, scheduled to be announced on Friday, could mark the highest borrowing costs Japan has seen in three decades, underscoring the Bank of Japan’s determination to normalize policy amid persistent inflation pressures. Market pricing

WASHINGTON — The U.S. Food and Drug Administration (FDA) has announced a recall of certain lots of ByHeart Whole Nutrition Infant Formula following a multi-state investigation into a cluster of infant botulism cases. The outbreak, which spans ten states, has resulted in 13 hospitalizations since August, though no deaths have been reported. Federal health officials said the recall applies to two specific lots of ByHeart powdered formula with “use by” dates of December 1. The af

For decades, Publishers Clearing House was a household name, surprising families across America with oversized checks, balloons, and promises of financial security for life. But in April 2025, the company filed for bankruptcy, and those life-changing promises have now unraveled for many of its prize winners. One of the most striking stories comes from John Wyllie of White City, Oregon, who in 2012 was surprised with a prize that guaranteed him $5,000 a week for life. With cameras ro

Pre-filled Income Tax Return (ITR) forms, introduced by the Income Tax Department, are designed to make tax filing simpler for individuals by auto-filling key financial details. These forms collect data from reliable sources such as your PAN, Aadhaar, Form 16 issued by employers, Form 26AS, and the Annual Information Statement (AIS) to pre-load income, tax paid, deductions claimed, and bank account information. However, despite the convenience, these pre-fille

Volkswagen is currently facing a major legal challenge in India after the Indian government refused to cancel a $1.4 billion tax bill imposed on the carmaker. The government argued in the Bombay High Court that overturning the tax demand would set a dangerous precedent, warning that such a move could have catastrophic consequences. Officials claimed that doing so might encourage other companies to withhold critical information and deliberately delay tax inquiries, ultimately exploiting legal

Starting April 1, 2025, taxpayers can begin filing their Income Tax Returns (ITR) for the Assessment Year (AY) 2025-26. Employers will provide Form 16 to salaried employees, which plays a crucial role in filing ITR by summarizing salary details, Tax Deducted at Source (TDS), and other tax-related information for the Financial Year (FY) 2024-25. Understanding Form 16, its contents, and its significance can help taxpayers ensure a smooth and error-free filing process.  

The World Economic Forum (WEF) in Davos, Switzerland, has brought together global leaders and entrepreneurs seeking to foster investments. Among those attending the prestigious event was Andhra Pradesh Chief Minister Chandrababu Naidu, known for his relentless work ethic and discipline. Despite the bone-chilling temperatures in Davos, which plummeted to minus 2 degrees Celsius, the 74-year-old leader was seen in his trademark yellow shirt and pants, a stark contrast to other leaders

During a visit to SpaceX's Starbase facility in Texas on Friday, Elon Musk shared his optimistic view on the growing India-US trade relationship, stating that the bilateral ties are “trending positive.” Musk, a key player in both the automotive and technology sectors, expressed his support for lowering trade barriers between the two nations to foster increased commerce and

Chandrababu Naidu, the Chief Minister of Andhra Pradesh, is gearing up for his highly anticipated trip to Switzerland to participate in the prestigious World Economic Forum (WEF) Summit in Davos. This business-focused event is seen as an excellent opportunity to attract significant investments to the state. In a strategic move ahead of his trip, Naidu has successfully poached a key investment body executive from the neighbori

Sustainable agriculture practices play a crucial role in promoting environmental stewardship and long-term viability in farming. In this article, we'll explore some of the key sustainable agriculture practices and their benefits. One of the primary goals of sustainable agriculture is to minimize environmental impact while maximizing productivity. One way to achieve this is through soil conservation practices such as minimal tillage, cover cropping, and crop rotation. These pract