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Gold prices traded higher on August 24 as a weaker dollar boosted demand. COMEX gold futures rose 0.47 percent to $4,702.70 per ounce, while silver fell 0.69 percent to $69.05. Domestic MCX futures for October closed flat at Rs 1,62,440 per 10 grams. Future rates will depend on global economic data.
Your oldest credit card helps your credit score, but you should not keep it forever. CIBIL says older accounts with good repayment records can be beneficial to keep open. Check if the card has high annual fees or if closing it makes your total credit utilisation rise before you decide.
Bihar Chief Minister Samrat Choudhary on Sunday announced a plan to develop a 126-kilometre Marine Drive along the Ganga with a ₹70,000 crore investment. The state government will provide ₹20,000 crore, while private entities will invest ₹50,000 crore. This project aims to expand infrastructure and create many new employment opportunities.
A young engineer quit a stable MNC job with a ₹4.5 LPA package to join a startup for ₹3 LPA. Despite facing parental anger and self-doubt, the professional chose passion over pay. They said, “I might have taken a wrong decision but I am finally doing what I love.”
Citigroup and Axis Bank teamed up to finance non-resident Indians investing in foreign-currency deposits. Axis Bank will provide standby letters of credit to support financing from Citigroup’s offshore operations. This arrangement helps the Reserve Bank of India bolster foreign-exchange reserves as deposits under the program surged past $52 billion recently.
Japan's SoftBank Group said on Monday it plans to issue 1 trillion yen ($6.29 billion) of seven-year corporate bonds aimed at individual investors. The firm set a provisional coupon range between 4.3% and 4.9% for this record issuance. SoftBank uses these funds to support its growing artificial intelligence investments.
Indian benchmark indices are likely to see a firm opening on August 24, tracking GIFT Nifty, which was trading higher at 24,337.50. Markets ended flat on August 21 as investors got cautious. While global cues remained mixed, the Sensex closed at 77,540.83 and the Nifty rose to 24,252.00 points.
Asian stocks edged lower as the artificial intelligence trade stayed in focus. MSCI’s Asia Pacific equities gauge slipped 0.2% on Monday, while oil fell 1.5% to $93 a barrel. Investors now watch for Nvidia’s upcoming earnings and Federal Reserve comments to see if the current tech rally has more room.
Macquarie and the RP Sanjiv Goenka Group are the final bidders for Welspun New Energy. The sale of the renewable energy arm entered its last phase, with the deal value expected at Rs 2,000 crore. Welspun currently has 45 MW of operational capacity and plans to grow significantly by 2030.
India Infrastructure Finance Company Ltd raised $200 million through two external commercial borrowing transactions. Managing director Rohit Rishi said, "The successful completion of two $100 million ECB transactions demonstrates IIFCL's ability to access international capital markets." The company plans to raise $1 billion more to support long-term infrastructure projects across India.
Western Carriers expanded its Devaliya Multi Modal Cargo Terminal in Gujarat from 32 to 42 acres. Launched in July 2025, the terminal now serves more industrial verticals and destinations across India. CEO Kanishka Sethia said, "Now, we are seeing this volume climb up steadily at the Devaliya MMCT," targeting full capacity.
A fresh low-pressure area formed over the Bay of Bengal, promising heavy rain across India. Canada will impose retaliatory tariffs on US goods from September 8. Meanwhile, Andhra Pradesh approved a ₹31,387 crore green AI data centre in Visakhapatnam. Also, the government made biometric verification mandatory for new SIM card purchases.