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Navratri, GST cuts spark festive shopping boom India witnessed an unprecedented rise in digital transactions as the Navratri festival season coincided with the biggest GST cuts on high-value consumer items. According to RBI data, total electronic payments soared to Rs 11.31 lakh crore on Monday, nearly 10 times the Rs 1.18 lakh crore recorded the…
Representative image credits: AP Asian share markets looked set to extend recent gains on Tuesday, driven by strong investor optimism around artificial intelligence (AI) and tech stocks, while bets on further US interest rate cuts pushed gold to fresh record levels.Wall Street had reached another record after Nvidia announced it would invest up to $100…
HSBC’s Dubai wealth centre aims to serve the growing number of millionaires in the UAE, with over 130,000 currently residing/ Image: HSBC via The National HSBC, Europe’s largest bank by total assets, is expanding its footprint in the UAE with the opening of a dedicated wealth centre in Dubai. This new facility at the bank’s…
Lower-income borrowers with limited income are increasingly turning to gold loans instead of microfinance institutions (MFIs) to meet urgent financial needs. Rising gold prices, lower gold-loan interest rates and stricter MFI lending norms are driving the trend. RBI data show gold-backed loans jumped 122 per cent year-on-year until June, while the Microfinance Industry Network reported…
With common flu like symptoms, the H3N2 virus is spreading rapidly across Delhi and surrounding NCR cities as well. According to a recent health report by Local Circles survey, it shows a staggering increase from 50-70 percent households reporting at least one member falling ill with flu-like symptoms over the past few months in Delhi-NCR….
A groundbreaking study has revealed that solar flares can reach astonishing temperatures of 108 million degrees Fahrenheit (60 million°C), nearly six times hotter than earlier estimates. This discovery dramatically changes how scientists understand the Sun’s most powerful eruptions and highlights the urgent need to refine space weather forecasting models. Published in The Astrophysical Journal Letters,…
