Month: April 2025

[ad_1] HYDERABAD: The rapidly escalating trade tensions between the US and China propelled gold past the $3,200/ounce mark for the first time on Friday. This in turn also pushed the price of the yellow metal in the domestic market a step closer to the psychologically important Rs 1 lakh/10-gram mark, to Rs 96,000 by Friday evening, a new all-time peak. The recent surge in the yellow metal in the global and local markets came on the back of a sharp drop after the US president Donald Trump escalated the tariff war with most of the country's trading partners, raising chances of a recession in the US. In the domestic market gold prices had fallen to Rs 88,200 on Tuesday while in the international market it had dipped below the $3,000 mark.In Friday's mid-session on Comex in the US, gold prices […]

[ad_1] NEW DELHI: Industrial output growth slowed to a 6-month low in Feb, dragged down by sluggish manufacturing and mining sectors, while consumer non-durables remained in contraction territory.Data released by the National Statistical Office (NSO) on Friday showed the index of industrial production (IIP) grew by 2.9% in Feb, slower than the 5.6% in Feb last year and below the 5.2% in Jan.The latest data comes against the backdrop of geopolitical tensions triggered by the bruising tariff war unleashed by US President Donald Trump. Most experts expect a dent to GDP growth although domestic demand is expected to help offset some of the impact.The IIP data showed the manufacturing sector grew by 2.9% in Feb, slower than the 4.9% in Feb last year, while the mining sector rose 1.6% during the month, slower than the 8.1% in Feb 2023-24. The […]

[ad_1] MUMBAI: Around one in three digital payment transactions with merchants in India during 2024 were credit-based, either through credit cards or EMIs, showing a shift towards short-term financing and phased spending. An analysis, based on transaction data from over 20,000 merchants, showed that UPI accounted for 65% of all digital transactions, while 75% of recurring utility and govt payments shifted to UPI autopay.According to the "How India Pays" report by fintech firm Phi Commerce, there is a steady rise in credit adoption across sectors such as education, healthcare, and auto ancillaries. EMI-based payments made up 10% of digital transactions in education, and 15% each in healthcare and auto-related purchases. These trends indicate that consumers are increasingly deferring high-value expenses and spreading them over time, especially during school admission periods, medical emergencies, and festive shopping seasons.Before the advent of UPI […]

[ad_1] MUMBAI: The RBI on Friday said it will buy govt securities of various maturities aggregating Rs 40,000 crore on April 17. This will be the third open market operation (OMO) purchase of gilts by the central bank in the current fiscal. The first one of Rs 20,000 crore was conducted on April 3 while the second one, of the same amount, was on April 8.The OMO purchases are in line with the central bank's stated policy of infusing liquidity to the tune of 1% of the net demand and time liabilities (NDTL) in the banking system, a debt fund manager said. Currently, the NDTL of the banking system is about Rs 250 lakh crore. So, the expected liquidity infusion would be about Rs 2.5 lakh crore, fund managers said.Since Jan 2025, the central bank has infused liquidity worth nearly […]

[ad_1] (left to right): Volodymyr Zelenskyy, Donald Trump, Vladimir Putin President Volodymyr Zelenskyy has accused Russia of recruiting over 150 Chinese nationals to fight in Ukraine — and says Beijing knows about it. The revelation came after Ukrainian forces captured two Chinese fighters in eastern Ukraine, posting videos of them and their passports.“The United States of America should pay attention,” Zelenskyy said. “There are 155 Chinese citizens who are fighting against Ukrainians on the territory of Ukraine.”Why it mattersIt’s the first time China has been publicly linked to boots on the ground in Russia’s war in Ukraine. While China denies official involvement, the evidence points to an uncomfortable truth for Beijing: Chinese nationals are now visible participants in a war where China has long claimed “neutrality.”The potential implications are massive — from further destabilizing US-China relations to weakening Beijing’s diplomatic […]

[ad_1] (Pic courtesy: Instagram, X) Barbie has become more than just a doll -- she's a cultural icon. And now, thanks to AI, you can turn yourself (or someone else) into a personalised Barbie-style character with just a few photos. Creating an AI Barbie-style doll is like playing dress-up in the digital age -- fun, creative, and full of possibilities. With the right tools, a little imagination, and a good selfie or two, you can step straight into the Barbieverse. Whether you want a glamorous Avatar, a fun digital doll, or a unique gift, here's how to create your own AI Barbie-style doll -- and what to keep in mind to make it shine.Choose the Right AI ToolTo get started, pick an AI image generator or Avatar creator. Look for tools that support: Photo-to-avatar transformation, Custom style inputs (e.g., “Barbie […]

[ad_1] NEW DELHI: A terrorist was killed in an encounter with security forces in Jammu and Kashmir’s Kishtwar district on Friday night, while a separate search is underway in Udhampur to track three others, Army officials said.The security forces have broadened their surveillance to include the Bhaderwah area of Doda district to monitor terrorist movements across the hilly districts of the Jammu region.DIG of Kishtwar-Doda-Ramban Range, Shridhar Patil confirmed that operations in the area have been ongoing for three days."One terrorist was eliminated this morning", he informed reporters in Kishtwar.He stated that other terrorists in the area are surrounded and operations will persist until all are neutralised.Officials reported that the confrontation in Kishtwar occurred during a joint Army and Jammu and Kashmir Police intelligence-led search-and-destroy operation in the district's Chatru forest area.The forces made contact with the terrorists during the […]