The gold to silver ratio, which indicates the relative strengths of both the metals, is testing three-decade high. At present, the gold to silver ratio is 96.5, not seen since 1991. The ratio rises when silver underperforms gold. Historical data shows that whenever this ratio rises to very high levels, it never sustains and falls.

This ratio suggests how many ounces of silver can be bought with one ounce of gold. In India too, like their global peers, traders use the ratio. When they expect the ratio to rise, they buy gold and sell silver.

A day after the Reserve Bank of India imposed a moratorium on Yes Bank and superseded its Board of Directors, the Enforcement Directorate on Friday raided the Mumbai residence of its founder Rana Kapoor.

The raids were conducted in connection with a money-laundering probe against him, officials said.

Japan has asked India to reconsider the visas that have been suspended over coronavirus fears. A travel advisory issued by India earlier announced that all visas, including visas on arrival granted to nationals of Italy, Iran, South Korea, Japan before 3rd march 2020, stand suspended in the backdrop of the coronavirus outbreak.

An official said while referring to the issue, ...explained how the numbers of patients are changing and sought appropriate measures in light of the reality on the ground.

Under attack over Yes Bank crisis, Finance Minister Nirmala Sitharaman on Friday hit back Congress leader P Chidambaram, saying that exposure of the private lender to some of the very stressed corporates started before 2014 when the UPA was in power.

The exposure of Yes Bank to some of the very stressed corporates has been before 2014. These are public domain names and I am not violating any customer privacy - Anil Ambani (Group), Essel Group, DHFL, IL&FS (and) Vodafone are some of the very stressed corporate to whom Yes Bank has been exposed, she said in response to attacks by the Congress after Yes Bank was placed under one-month moratorium by the Reserve Bank of India.

The Ministry of Information and Broadcasting has barred two Malayalam TV channels for their 'coverage of the Delhi riots' that has claimed 53 lives. Asianet News and MediaOne were taken off air at 7.30 pm on Friday and will remain so till 7.30 pm on March 8, reports said.

The action against the two channels has been taken under the Cable Television Networks Rules, 1994.

The finance ministry has asked Infosys to deliver on making the goods and services tax network (GSTN) portal efficient for tax payers, sources said.

The ministry told Infosys it was the company’s responsibility to deliver satisfactory performance of the portal and it should meet expectations of the tax payers, the sources said.

The government invited bids on Saturday for the sale of its entire 52.98 per cent stake in the Bharat Petroleum Corporation Limited (BPCL).

Expressions of interest for the strategic sale of BPCL were invited by May 2, the Department of Investment and Public Asset Management (DIPAM) said in the bid document.

The country's largest carmaker Maruti Suzuki India cut production by 5.38 per cent in February at 1,40,933 units, according to a regulatory filing by the company. Maruti Suzuki India had produced a total of 1,48,959 units in the same month last year.

Total passenger vehicle production stood at 1,40,370 units last month as against 1,47,550 units in February 2019, a decline of 4.87 per cent, it added.

The CBI has taken over investigation into the Rs 2,267-crore Employee' Provident Fund scam in Uttar Pradesh, where hard-earned savings of government employees were invested in the Dewan Housing Finance Corporation (DHFL), which is facing a probe, officials said on Friday.

The agency has re-registered the FIR filed by the Uttar Pradesh police at the Hazratganj police station, according to officials.

The Islamic organisation Popular Front of India (PFI) on Friday lodged a curative petition at the Supreme Court against the top court's controversial verdict in the much-disputed Ayodhya Ram Mandir-Babri Masjid title dispute case.

In its petition, the organisation claimed that even though it was not a party to the title dispute, yet the Supreme Court verdict, on November 9 last year, has ended up adversely affecting its rights.

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