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Gold jewellers expect big sale this Akshaya Tritiya

IANS Ahmedabad Despite a steep increase in gold prices, jewellers in Gujarat seem ready to welcome buyers in large numbers this Akshya Tritiya as they have purchased 183 per cent more yellow metal in April. Akshya Tritiya, which falls on May 7, is considered auspicious for purchasing gold. “Jewellers made large-scale purchases of gold when prices declined in April and …

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Weddings, lower prices to lift India’s gold demand in June quarter: WGC

Reuters Mumbai India’s gold demand is expected to rise in the June quarter from a year ago due to a higher number of auspicious days for weddings and a fall in local prices ahead of a key festival, the World Gold Council said on Thursday. A rise in consumption by the world’s second-biggest gold consumer could help global prices, currently …

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Banks can term IL&FS loans as NPAs, barred from recovery: NCLAT

The next hearing in the case will take place on May 21 IANS New Delhi The NCLAT on Thursday reversed its own interim order to allow lenders with exposure to IL&FS and its group companies to classify them as non-performing assets (NPAs), in line with RBI norms, but restrained them from moving to recover any dues from the beleagured group …

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GST collection soars in April to Rs 1.13 lakh crore

New Delhi:  The Goods and Services Tax (GST) collection rose 10.05 per cent to Rs 1,13,865 crore in April from a year ago recording highest ever monthly revenue mop-up since the new indirect tax system was rolled out on July 1, 2017.

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Govt curtails sale period of electoral bonds

New Delhi: The government Wednesday curtailed the time period for sale of electoral bonds by the SBI in the current month to only 5 days from May 6, instead of 10 days as was announced earlier.

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Facebook building privacy-focussed social platform: Zuckerberg

San Jose: Facebook CEO Mark Zuckerberg Tuesday said the company was committed to building a “privacy-focussed” social platform to ensure that conversations stay private and user data is secure across its products like Messenger, WhatsApp and Instagram.

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BIZ SCAN

GLF organises conference on rural livelihood Panaji: The Goa Livelihoods Forum (GLF) and Forum for Integrated Development and Research organised a roundtable conference ‘Thinking forward –Rural livelihoods’ which was attended by local farmers and company CSR representatives. 

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Jet tells staff it cannot provide Mediclaim

New Delhi: Faced with severe liquidity crisis, grounded Jet Airways has informed employees that it will not be able to fund the premium of Group Mediclaim Policy and advised them to take medical cover of their choice.

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