Sunday, October 18
Gold has emerged as the most talked-about asset class in recent times, attracting immense investor interest globally. However, S Naren, Chief Investment Officer at ICICI Prudential AMC, has sounded a cautionary note on the yellow metal, stating that despite its current popularity, gold is not a lucrative investment option at this point.In a recent interaction with ETNow, Naren pointed out that the surge in questions about gold during investor meetings reflects the heightened focus on the asset, but he maintained that its value proposition is questionable, especially given its current price levels. “Gold is even worse,” he asserted, emphasizing that the metal is no longer as attractive as it was two years ago.Despite its widespread popularity, he indicated that the precious metal is not
In 2025, Indian passports are undergoing significant changes aimed at enhancing security and streamlining the application process. These updates, as reported by Condé Nast Traveller India, include the introduction of e-passports, revised documentation requirements, and modifications to the information displayed on the passport.Nationwide e-passportsThe Indian government has commenced the issuance of e-passports across the country. These passports resemble the traditional ones but are embedded with a chip that securely stores personal and biometric data. The e-passports are designed to expedite immigration procedures and bolster security measures. Applicants renewing their passports will receive e-passports automatically, provided their local passport office is equipped to issue them.Manda
The Indian cement sector has shown notable resilience in recent months, with pricing trends remaining robust despite a generally subdued demand environment.As of May 2025, the all-India average cement price has risen by INR 5 per bag on a month-on-month basis and by INR 16 per bag quarter-to-date in the first quarter of FY26, translating to a 5% increase.This price strength is primarily attributed to sharp hikes in the southern region, followed by the eastern markets, while other regions have also reported moderate gains over the quarter.In the South, cement prices surged by INR 35-40 per bag in April, marking a substantial 12% monthly jump. This was followed by another round of hikes in May, although the sustainability of these increases remains to be seen.After a period of weak margins,
