Silver prices likely to rise 20% more on industrial demand
The demand-supply dynamics remain favourable for silver, with the metal now technically near a breakout zone for all-time prices.
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RBI’s proposed risk weight rationalisation may do little to boost credit growth
The broad-based reduction in risk weights across asset classes, including mortgages, MSME loans, corporate credit, and project finance, will free up capital and improve Common Equity Tier-1 (CET1) ratios for most banks.
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Tata Motors, Maruti see retail sales market share growth in September
Passenger vehicle retail sales saw a 6% increase in September, with Tata Motors and Maruti Suzuki gaining market share. Hyundai and Toyota experienced a dip in their market share. In the two-wheeler segment, Hero MotoCorp’s market share rose, while Honda…
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Gold demand dips as soaring prices hit jewellery sales
India’s top jewelry retailers, Tanishq and Reliance Retail, experienced a decline in consumer deposits for deferred gold purchase schemes last fiscal year. This trend is expected to continue as soaring gold prices lead to reduced purchase volumes, impacting the popularity…
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Court grants hotel interim stay on GST for eatery services
The Bombay High Court has granted an interim stay on the 18% GST levied on restaurant services within hotels charging over ₹7,500 per day for rooms. The court issued notices to authorities, challenging the tax rate’s link to room tariffs,…
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Canara HSBC Life may rationalise distributor commission after GST cut
Many private insurers have already reduced commissions, including Niva Bupa, Care Health, ICICI Lombard, Aditya Birla Health, and Star Health, following the shift to 0 per cent GST on retail life and health insurance. Canara HSBC Life says one way…
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