NEW DELHI, India — India Post has widened the eligibility framework for Rural Postal Life Insurance (RPLI), allowing an operative savings account with either the Post Office Savings Bank (POSB) or any scheduled bank to serve as an additional eligibility criterion for the scheme.
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Gold Price Today: MCX Gold Nears ₹1.62 Lakh
[MUMBAI, India] — Gold price today is holding near record-high territory in the domestic market after a strong rebound in international bullion prices, with the MCX gold rate today around ₹1,62,500 per 10 gm. Analysts cited in the supplied material point to central-bank buying, renewed gold ETF flows, concerns over US fiscal conditions and changing expectations around Federal Reserve policy as key factors supporting the rally.
Uber Hit With ₹9,226 Crore Fine Over Automated Driver Suspensions
Amsterdam, Netherlands — Uber has been fined €825 million, or about ₹9,226 crore, by the Dutch data protection regulator over allegations that driver accounts were suspended or deactivated through automated systems without adequate human involvement, according to Reuters.
India Draws $72.85 Billion in Forex Inflows as FCNR(B) Deposits Surge
New Delhi, India — India has mobilised $72.85 billion in foreign currency inflows through a special Reserve Bank of India (RBI) USD-INR swap facility, with Foreign Currency Non-Resident (Bank), or FCNR(B), deposits accounting for $65.397 billion as of August 21.
HSBC Reopens 3 International Funds for Fresh SIPs: What Investors Need to Know
Mumbai, India — HSBC Mutual Fund has reopened three international mutual fund schemes to fresh systematic investment plans (SIPs) and lump-sum investments, giving Indian investors another route to seek overseas equity exposure. The schemes are HSBC Global Emerging Markets Fund, HSBC Asia Pacific (ex-Japan) Dividend Yield Fund and HSBC Brazil Fund.
6 Investors Flag Market Risks, But Agree on One Strategy
New York, United States — Global investors are navigating a market shaped by geopolitical tensions, shifting interest-rate expectations and heavy spending on artificial intelligence infrastructure, with six investment professionals pointing to different risks but converging on one broad strategy: avoid excessive concentration and diversify portfolios.