Author: NNI Editor

On the global front, spot gold rose to touch a record high of $3,318 per ounce. Later, it pared some gains to trade at $3,299.99 per ounce. File | Photo Credit: Reuters Gold prices soared by ₹1,650 to hit an all-time high of ₹98,100 per 10 gm in the national capital on Wednesday (April 16, 2025) amid a global rush for safe-haven buying triggered by an escalated trade war between the U.S. and China. According to the All India Sarafa Association, the precious metal of 99.9% purity had finished at ₹96,450 per 10 gm on Tuesday (April 15, 2025.) Gold…

Sensex and Nifty closed higher for the third straight day on Wednesday (April 16, 2025). | Photo Credit: PTI Equity benchmark indices Sensex and Nifty closed higher for the third straight day on Wednesday (April 16, 2025) following buying in blue-chip banking stocks and fresh foreign fund inflows as retail inflation slipping to near six-year lows raised hopes of further rate cuts.Defying a weak global market trend, the 30-share BSE Sensex climbed 309.40 points or 0.40% to settle at a two-week high of 77,044.29 in a volatile session. During the day, it hit a high of 77,110.23 and a low…

Yes Bank on Wednesday (April 16, 2025) said it has received a demand notice of ₹244.20 crore for assessment year 2016-17. “The reassessment order considered the income reported in the return of income instead of assessed income, for computing the reassessed income and tax thereon,” Yes Bank said in a regulatory filing. “Towards this, on April 15, 2025, the Jurisdictional Assessing Officer (JAO), passed the rectification order rectifying the mistake and recomputed the tax demand,” it said. “The said rectification order read with Computation Sheet and Notice of Demand has however resulted into additional tax demand of ₹244.20 crore…has been…

A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.. (Representational image) | Photo Credit: Reuters The Supreme Court on Wednesday (April 16, 2025) refused to examine a plea seeking a regulatory framework on cryptocurrencies and said it couldn’t “lay down the law”.A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Editorial | Double-edged sword: On Supreme Court’s cryptocurrency rulingThey exist on decentralised networks using blockchain technology — a distributed ledger enforced by a disparate network of computers. The plea…

The workshop will be held in the Darbar Hall, Hotel Southern Star in Mysuru between 4.30 p.m. and 6.30 p.m. on April 19, 2025. | Photo Credit: SRIRAM MA TiE Mysuru will be hosting a workshop on creating compelling narratives titled ‘Powerful Storytelling: Key to Audience Engagement’ at Darbar Hall, Hotel Southern Star in Mysuru between 4.30 p.m. and 6.30 p.m. on April 19.The workshop will focus on ‘helping entrepreneurs and business professionals master the art of storytelling to drive impact, inspire action and build lasting connections’. Sachin Bhandary, founder of The Story Co. and Story Club, a business storytelling…

Civil Aviation Secretary Vumlunmang Vualnam. File | Photo Credit: Sushil Kumar Verma The Government plans to take up 50 airport development projects, including new airports, in the next five years as holistic efforts are being made to boost the country’s aviation ecosystem.Currently, there are 159 operational airports in the country and the number has doubled compared from 74 in 2014.Civil Aviation Secretary Vumlunmang Vualnam on Wednesday (April 16, 2025) said efforts are being made in a holistic manner to develop the aviation ecosystem, including supporting airlines, and scaling up flying training organisations.In five years, the plan is to have 50…

Logo of Securities and Exchange Board of India (SEBI). File | Photo Credit: Reuters The Securities and Exchange Board of India (SEBI) is reviewing the mutual fund regulations that place restrictions on the business activities of asset management companies (AMC), said executive director Manoj Kumar.“We are doing a significant review of regulation 24. This is the only restrictive clause under the mutual fund regulation,” Mr. Kumar said at the CII Mutual Fund Summit here on Tuesday.Clause 24 of the mutual fund regulation deals with the issues pertaining to business activities that AMCs can take. The regulation mandates AMCs not to…

China’s economy expanded at a 5.4% annual pace in January-March, the government said on Wednesday (April 16, 2025), supported by strong exports ahead of U.S. President Donald Trump’s rapid increases in tariffs on Chinese products. | Photo Credit: AP China’s economy expanded at a 5.4% annual pace in January-March, the government said on Wednesday (April 16, 2025), supported by strong exports ahead of U.S. President Donald Trump’s rapid increases in tariffs on Chinese products.With the trade war clouding the outlook, analysts are forecasting that the world’s second largest economy will slow significantly in coming months, however, as tariffs as high…

Ananya Panday | Photo Credit: Special Arrangement French luxury brand Chanel on Wednesday (April 16) named Bollywood star Ananya Panday as its first-ever brand ambassador from India. This comes after Ananya made her presence felt at the Chanel Spring/Summer 2025 show in Paris.A star who is best known for her performances in films such as Gehraiyaan (2022), Kho Gaye Hum Kahan (2023), and CTRL (2024), and the comedy series Call Me Bae (2024), Ananya has undoubtedly become a fashion icon for Gen Z. Her Instagram account, followed by 25.9 million people, features several photoshoots in which the star can be…

Container ships are seen at the port in Qingdao, in China’s eastern Shandong province on April 15, 2025. | Photo Credit: AFP China appointed a new top international trade negotiator on Wednesday (April 16, 2025) amid tariff tensions with the United States.Trump’s reciprocal tariffs: Explainers, analysis, videos and viewsThe Chinese government said that Li Chenggang has been appointed to replace Wang Shouwen, who participated in the trade negotiations for the 2020 trade deal between the China and the United States.The world’s two largest economies have been steadily increasing tariffs on each other’s goods since the U.S. raised tariffs on dozens…