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Gold prices at record high! Sovereign gold bond investors weigh profit booking with 221% returns

[ad_1] Trading options for sovereign gold bonds include selling on stock exchanges or early redemption through the government's repurchase scheme. (AI image) Gold prices at record high! Investors in Sovereign Gold Bonds (SGBs) are considering selling their holdings as gold prices reached Rs 1 lakh per 10 gm on Monday, showing a 26% increase since January and 33% rise over the past year.Those who invested in SGBs between May and October 2017, when gold was priced at Rs 2,830 and Rs 2,987 per gram, are now seeing absolute returns of 221% as their bonds approach maturity! Investors from April 2020, who bought at ₹4,639 per gram, could opt for buyback after completing five years, achieving 101% returns, according to an ET report.Trading options for sovereign gold bonds include selling on stock exchanges or early redemption through the government's repurchase scheme, […]

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Tesla Bull ‘Impressed’ as Elon Musk makes promise to Tesla investors: Now that the …

[ad_1] Tesla CEO Elon Musk said that his time with the Department of Government Efficiency (DOGE) will drop to a day or two a week starting next month. Speaking at the company’s earnings call, he said “Starting next month, May, my time allocation to DOGE will drop significantly”. Musk’s renewed focus won praise from long-term Tesla investor and Wedbush Securities analyst Dan Ives. Sharing a post on X, Ives wrote “Musk has handled the conference call very well.” “Recommit to Tesla and major step back on DOGE. This was well communicated by Musk on this call in our view…needed to hear this tone and direction,” he stated. Tesla shares have dropped by over 40% this year. Musk’s involvement with the government has raised concerns among investors, who blamed his ties with the Trump administration for a decline in the company’s […]

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Stupid idea’: Zepto CEO Aadit Pichlai regrets comment mocking ‘work-life balance’ | India-Business News

[ad_1] Stupid idea’: Zepto CEO Aadit Pichlai regrets comment mocking ‘work-life balance’ Zepto CEO Aadit Pichlai has opened up about his viral 2024 mocking comment on work-life balance, calling it a ‘stupid idea’. Speaking on a podcast with Y Combinator President Garry Tan, Palicha talked at length about the startup life, work culture, and Zepto’s startup vision.The controversy emerged in December 2024, around a Reddit post that criticised Zepto’s work culture as toxic. The post highlighted 14-hour long shifts, late night meetings. In response to the viral post, the 22-year-old CEO posted on X, “ Nothing against work-life balance. In fact, I recommend it to all our competitors.” This statement sparked backlash, with many accusing him of promoting burnout.Addressing the broader debate around startup life in the recent podcast, Palicha has described Zepto's culture as intense and focused on getting […]

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Tariffs ‘hurt multilateral trade and world economic order,’ says China

[ad_1] China's president Xi Jinping (File photo) Chinese President Xi Jinping on Wednesday strongly criticized the use of tariffs, warning they undermine the multilateral trading system and destabilize the global economic order. Speaking in Beijing during talks with Azerbaijani President Ilham Aliyev, Xi claimed that trade wars "undermine the legitimate rights and interests of all countries, hurt the multilateral trading system, and impact the world economic order." His remarks, reported by state news agency Xinhua, come amid escalating tensions between Beijing and Washington. Earlier this month, US President Donald Trump imposed a sweeping 145 per cent tariff on Chinese imports, triggering swift retaliation from China, which slapped a 125 percent duty on American goods. Beijing had earlier issued stark warnings to other nations considering trade agreements with the United States. A spokesperson for China's commerce ministry stated on Monday, “China […]

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‘Trust Thala’: CSK CEO’s reassuring message to anxious supporters | Cricket News

[ad_1] Lucknow: Chennai Super Kings' captain MS Dhoni and Shivam Dube being congratulated by Lucknow Super Giants’ Avesh Khan after winning the Indian Premier League (IPL) 2025 T20 cricket match, at Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium, in Lucknow. (PTI Photo/Atul Yadav) ( One of the most iconic and successful teams in IPL history, the Chennai Super Kings (CSK), find themselves in unfamiliar and uncomfortable territory in IPL 2025. With just two wins from eight matches, the five-time champions are languishing at the bottom of the points table, occupying the dreaded 10th spot—a sight that has left fans heartbroken and critics stunned.Following their latest drubbing at the hands of Mumbai Indians, where CSK’s total of 176 was chased down with alarming ease in just 15.2 overs, pressure has mounted on the team. Their net run rate has […]

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Pahalgam Terror Attack: Pahalgam terror attack: Families of victims break down, plead in front of Amit Shah – Video | India News

[ad_1] Families of victims break down, plead in front of Amit Shah NEW DELHI: Union home minister Amit Shah on Wednesday met with the families of the victims of the Pahalgam terror attack at the police control room in Srinagar. Grieving relatives broke down in front of him, pleading for justice and demanding that the loss of their loved ones not go in vain.Shah, who arrived in Srinagar within hours of the attack that claimed at least 28 lives, laid wreaths on the coffins of the slain victims in a sombre ceremony.Also read | Pahalgam Terror AttackAccording to officials, the home minister assured the survivors and families of the deceased that the security forces would "leave no stone unturned" in bringing the perpetrators to justice.He also met with survivors of the attack and expressed deep sorrow over their pain. “Those […]

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Slammed! ‘Rishabh Pant visibly tensed, cannot give excuses’ | Cricket News

[ad_1] Lucknow: Lucknow Super Giants' Rishabh Pant with teammates celebrates the wicket of Delhi Capitals' Abishek Porel during the Indian Premier League (IPL) 2025 cricket match between Lucknow Super Giants and Delhi Capitals, in Lucknow. (PTI Photo/Shahbaz Khan) New Delhi:Delhi Capitals (DC) defeated Lucknow Super Giants (LSG) by eight wickets in their IPL 2025 match on Tuesday, resulting in LSG suffering their fourth defeat in nine games. LSG captain Rishabh Pant seemed quite agitated in the team dugout during the LSG innings and was seen having an intense discussion with the team's mentor Zaheer Khan after his dismissal. The wicket-keeper batter walked out to bat at the number seven position in the final over of the innings, getting out for a duck."I feel Pant really needs to take the onus on himself. He really needs to take the decisions on […]

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Gold rate today: After hitting Rs 1 lakh, gold sees profit booking; prices dip by Rs 1,900 per 10 grams

[ad_1] Gold had crossed the Rs 1 lakh mark this week. (AI image) Gold rate today: Gold June futures at MCX experienced profit booking on Wednesday after reaching a record high of Rs 99,358, opening lower by Rs 1,883 or 1.45% at Rs 95,457/10 grams. Market participants secured profits at elevated gold prices. Gold had crossed the Rs 1 lakh mark this week.Silver May futures also declined, opening at Rs 95,478/kg, down by 0.42% or Rs 400.On Tuesday, domestic precious metals closed positively whilst international markets showed mixed results. Gold June futures settled at Rs 97,340 per 10 grams, gaining 0.04%, and silver May futures ended at Rs 95,879 per kilogram, up by 0.66%.Precious metals demonstrated significant volatility, with gold exceeding $3,500 per troy ounce early in trading. However, statements from the U.S. President regarding China and the Fed Chairman […]

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Intel may cut 20% of its workforce: ‘The move is part of …’

[ad_1] Intel Corporation is reportedly planning to cut over 20% of its global workforce, according to a Bloomberg News report. The move is part of a major restructuring effort under the leadership of new CEO Lip-Bu Tan, who is spearheading a comprehensive effort to streamline management, eliminate bureaucracy, and rebuild an engineering-driven culture at the embattled chipmaker.Intel layoffs: Restructuring to address financial pressuresThe layoffs are expected to impact thousands of employees across Intel’s global operations, as the company seeks to streamline its business and reduce costs. Intel has been grappling with declining revenues and increased competition from rivals like AMD and Nvidia, as well as challenges in maintaining its leadership in chip manufacturing. This layoff follows last year’s cut of 15,000 jobs, bringing Intel’s workforce to 108,900 employees at the end of 2024, down from 124,800 the previous year.Focus on […]

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Pahalgam attack: First image of suspected terrorist, with AK-47 in hand surfaces | India News

[ad_1] NEW DELHI: An image has surfaced showing one of the suspected terrorists involved in the attack in Jammu and Kashmir's Pahalgam district.According to the TV reports, a man was seen in the photograph running with an AK-47 rifle in his hand. However, the authenticity of the photograph cannot be independently verified.In what is being described as the deadliest assault since the abrogation of Article 370 in 2019, at least 28 tourists were killed and many others injured on Tuesday.The attack occurred in Baisaran meadow, a scenic area approximately 7 km from the resort town of Pahalgam, popular among tourists for its natural beauty and serene environment.According to survivors, six foreign terrorists dressed in Army's fatigue uniform targeted their victims based on religion. The assailants reportedly asked individuals to identify themselves by name and recite Islamic verses before opening fire […]

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