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New Delhi: For many Non-Resident Indians (NRIs), the attraction of the highest interest rates is a natural consideration when managing their earnings abroad. But the returns alone should not be the reason. According to experts, the currency you earn today and the currency you'll spend in the future can have a big impact on the value of your savings. The right deposit is often a matter of balancing returns against currency certainty. It is here that a Foreign Currency Non-Resident (FCNR) deposit can come in handy.  Unlike other deposit accounts, it allows NRIs/OCIs (Overseas Citizens of India) to save in…

Mumbai: Benchmark indices Sensex and Nifty ended in the red as renewed uncertainty surrounding the Strait of Hormuz negotiations and broad-based weakness in financial stocks overshadowed an otherwise supportive earnings backdrop. The 30-share BSE Sensex closed 455.59 points or 0.58 per cent lower at 78,499.17. During the day, the benchmark hit a high of 78,757.40 and a low of 78,377.07, gyrating 380.33 points. The 50-share NSE Nifty ended flat with a drop of 65.35 points or 0.27 per cent at 24,570.65. However, the broader market ended the session in the green. While the BSE MidCap Select Index gained 35.97 points or…

Mumbai: Shares of State Bank of India (SBI) gained on Friday after the company posted a 13.73 per cent rise in its June quarter consolidated net profit at Rs 24,113 crore. The stock opened in the red at Rs 1,081.95 today amid a decline in the benchmark indices, Sensex and Nifty, dragged down by financial stocks and rising crude oil prices. This was a Rs 2.9 fall from the previous close of Rs 1,084.85 on the BSE. However, it gained amid a spurt in volume, more than 2.68 times, and touched an intraday high of Rs 1,124.40, representing a gain…

Mumbai: The initial public offering (IPO) of Ardee Industries Ltd is getting a good response from investors and has so far received 55.14 times subscription on the third day of bidding on Friday. According to data available on the National Stock Exchange (NSE) at the time of writing the report, the issue got bids for 3,22,13,35,106 shares against 5,84,22,516 shares on offer. The category for non-institutional investors received 161.42 times subscription, while the portion for retail investors was subscribed 32.66 times. The portion for qualified institutional buyers (QIBs) was subscribed 13.89 times. Ardee Industries IPO GMP Today  According to Investorgain, Ardee…

Mumbai: Rates of precious metals in futures traded higher on Friday, August 7, 2026, supported by a softer dollar and safe-haven demand amid renewed Strait of Hormuz tensions. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 536 or 0.36 per cent at Rs 1,49,355 per 10 grams against the previous close of Rs 1,48,858. It gained further to touch the intraday high of Rs 1,50,487, a gain of Rs 1,629 or 0.09 per cent. Last seen, it was trading at Rs 1,50,217 with a gain of Rs 1,359 or 0.91 per…