New Delhi: Gold consistently reduces portfolio volatility while improving returns, even with increased allocation. By simulating portfolio performance with varying allocations of gold (2.5 per cent to 10 per cent), it’s evident that the metal bolsters return without adding significant risk, according to World Gold Council. On the other hand, Bitcoin shows diminishing returns as…
Sukhoi 30-MKI fighter jets set for a boost! The Defence Ministry is looking to sign a deal worth approximately Rs 21,000 crore to procure jet engines for its Su 30MKI fighter fleet. Hindustan Aeronautics Limited (HAL) will manufacture the engines in India, starting from the raw material stage, to replace the ageing engines nearing the…
Phool dev Shahni Phool dev Shahni makes a living harvesting makhana or lotus seeds Like his father and grandfather before him, Phool dev Shahni once made a living by diving to the bottom of 8ft-deep (2.4m), muddy ponds. “I used to dive in 7 to 8ft of water for hours a day – coming to…
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ISLAMABAD: As Pakistan’s public and guaranteed debt has surged to a record Rs74.6 trillion by the end of June, a new report by the Finance Ministry assesses that in case of any new macroeconomic and fiscal shock the debt and financing needs would jump to unsustainable levels”. The Ministry of Finance’s Debt Sustainability Analysis report…
Read More “Debt soars to record Rs74.6 trillion | The Express Tribune” »
Electricity prices across Pakistan have been increased by Rs2.56 per unit for the month of June. The National Electric Power Regulatory Authority (NEPRA) issued the decision in response to a fuel adjustment request, raising electricity prices. The Central Power Purchasing Agency (CPPA) had initially requested an increase of Rs2.63 per unit, but NEPRA approved a…
Read More “NEPRA hikes electricity prices by Rs. 2.56 per unit – SUCH TV” »
Published By: Business Desk Last Updated: August 06, 2024, 18:10 IST Purportedly dressed in a $400 (Rs 33,000 approx.) Burberry T-shirt, the CEO’s ironical appearance has everyone’s attention. Unacademy Announces ‘No Appraisals’ For Employees While the wave of layoffs continues to hit multiple industries, Unacademy, a major player in the Indian edtech sector, is not…
New Delhi: The government has issued a warning to State Bank of India (SBI) customers about a new fraudulent message circulating on social media. This scam involves a message claiming to be from SBI, instructing recipients to download an APK file to redeem reward points, according to the Fact Check Unit of the Press Information…
Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email The Bank of England is set to announce its decision on whether interest rates will be cut later today as experts say the decision is “on a knife-edge.” Some analysts are hoping the…
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MUMBAI: Public sector banks have collected Rs 8,495 crore over five years from depositors who did not have enough money in their savings accounts by way of fines for not maintaining minimum balance. This works out to an average of Rs 1,699 crore a year and is more than what govt has budgeted for incentivising…
Read More “Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India” »
Getty Images Rachel Reeves claims the Tories masked the true state of UK public finances then “ran away”. The chancellor is set to announce immediate cuts worth billions of pounds, aimed at plugging a £20bn black hole in the finances, when she addresses Parliament on Monday. Rachel Reeves’ plans are expected to include the cancellation…
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