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Big news for salaried folks! EPFO is planning to automate final PF withdrawals soon. This means you could get your money faster, without all the usual paperwork and delays. The EPFO commissioner said they are moving "towards auto-settlement of final withdrawals." This change aims to make getting your retirement funds much quicker and easier.
Silver prices dropped sharply, falling over 5% to settle below $74. This happened because US Treasury yields went up a lot, and the dollar got stronger. Investors are worried about high US interest rates and inflation, especially with ongoing geopolitical issues. The article noted, "silver plummets 6%".
Indian Oil Corporation's profits jumped way up! Their earnings before interest, taxes, depreciation, and amortization (EBITDA) shot up to INR226.1bn. Analysts said, "Management guided FY27 capex at INR327bn," showing big plans for growth. Despite some challenges, they're looking at a target price of INR145.
Prabhudas Lilladher suggests buying Zydus Lifesciences, aiming for ₹1080. They noted Q4 earnings beat expectations, and while the base business is stable, new products will take time. They expect US sales to be flat for a few years. Management is planning "2-3 high value launches" soon.
The Gulf war is making Calcuttans rethink their travel plans. Instead of heading West, many are now choosing Southeast Asian spots like Thailand and Singapore. Travel agents said "there is fear among families planning holidays" about getting stranded abroad due to flight cancellations and longer routes.
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UK inflation dropped to 2.8% in April, much lower than expected, thanks to falling energy prices. This good news makes it likely the Bank of England will keep interest rates the same at their next meeting. Officials said, "falling energy costs were the primary driver."
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The "Oscars of aviation" have revealed the top five-star airlines! Skytrax named the best carriers based on top service and comfort. Qatar Airways, Singapore Airlines, and Cathay Pacific are among the elite. These airlines are praised for their "premium cabin comfort" and world-class passenger experience.
Jason Kothari's entertainment startup Mythik just got $5 million more funding, valuing it over $50 million! This money will help them grow their content and tech. Kothari said, "The additional capital will further accelerate the scaling of Mythik's content slate." They plan to share Eastern stories globally.
Nitin Gadkari launched a water conservation campaign, recalling an emotional moment with a farmer's widow that inspired his 25-year mission. He highlighted successful projects like the Tamsawada watershed, which revived a stream and irrigated thousands of hectares, making villages drought-free. Actor Nana Patekar also joined the event.
Personal loans offer quick cash but have lock-in periods, usually up to 12 months, stopping early repayment. This protects lenders' interest income. While you can't pay early without fees, knowing these rules helps you save money and manage your finances better by avoiding extra charges.
Gold prices dropped today, May 20th, 2026, by 0.56%. This happened because US bond yields are up and the dollar is strong, making gold costlier for buyers abroad. Analysts say "The intraday outlook for today is bearish." Investors should watch global trends before buying.
India plans a big Rs 1.5 trillion push for semiconductors, extending support to 12 years. The goal is to help local suppliers grow and meet global standards. An official said, "Our aim is to develop as many domestic MSMEs as possible." This aims to build a complete supply chain and boost chip design.