Gold prices today have fallen to Rs 55,100 per 10 gram from Rs 55,900 yesterday, while silver has slumped to Rs 66,950 from Rs 67,000 per kg, according to Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Finance minister Nirmala Sitharaman on Friday exhorted the income tax officers to work with zeal and dedication to accomplish the faceless appeal system, that will come into effect from September 25 this year.

The faceless appeal system was also unveiled by Prime Minister Narendra Modi on Thursday, but it has not come into effect immediately. However, taxpayers' charter and expansion of faceless assessment system to the entire country came into effect immediately.

TikTok and its US employees are planning to take American President Donald Trump's administration to court over his sweeping order to ban the popular video app, according to a lawyer preparing one of the lawsuits.

The employees' legal challenge to Trump's executive order will be separate from a pending lawsuit from the company that owns the app, though both will argue that the order is unconstitutional, said Mike Godwin, an internet policy lawyer representing the employees.

As India celebrates its 74th Independence Day today on August 15, jawans of the Indo-Tibetan Border Police hoisted the national flag at 16,000 feet in the union territory of Ladakh.

The troops celebrated the Independence Day 2020 on the banks of Pangong Tso in Ladakh.

Prime Minister Narendra Modi is addressing the nation from ramparts of the historic fort. This is PM Modi's 7th consecutive Independence Day speech.

This year, the Independence Day function at Red Fort this year will be relatively muted in terms of participation of people in view of the situation created by COVID-19. Compared to the past, about 20 per cent VVIPs or other participants are present.

Companies in India are selling equity at an unprecedented rate, seeking to prepare themselves for what’s forecasted to be the economy’s first contraction in four decades.

The country’s firms have sold $8.9 billion worth of new shares year-to-date, the most on record for such a period, according to data compiled by Bloomberg. Banks account for more than half the total, having raised $5.6 billion this year.

All India Organisation of Chemists and Druggists (AIOCD), which represents more than 850,000 members across the country, has written a letter to Amazon CEO and founder Jeff Bezos and Amit Agarwal, senior vice-president and country manager, against the e-commerce giant’s entry into the online pharmacy segment in India.

The letter has also been addressed to Prime Minister Narendra Modi, Union Home Minister Amit Shah and other top ministers and government officials.

Aurobindo Pharma has said it is expecting its proposed vaccine candidate for Covid-19 to undergo phase-1 and 2 trials by the end of 2020, while Phase III may be undertaken during March-April next year.

Managing Director Narayanan Govindarajan in the recently held earnings call with analysts said the city-based pharma major had earmarked $150-200 million towards capital expenditure during the current fiscal year.

India has touched a new high of the highest number of tests in a single day so far with a 8,48,728 tests conducted in one day, the government said on Friday.

This has taken the cumulative tests to 2,76,94,416.

WHO in its Guidance Note on Public Health Criteria to Adjust Public Health and Social Measures in the Context of COVID-19 has advised comprehensive surveillance for suspected cases.

As many as 12,608 new COVID-19 cases and 364 deaths were reported in Maharashtra on Friday, taking the total number of cases to 5,72,734 in the state, the health department said.

According to the health department, a total of 10,484 COVID-19 recoveries were reported.

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