Asset management companies (AMCs) in Gift City, Ahmedabad, are set for a major boost following a crucial regulatory change by the Securities and Exchange Board of India (Sebi). By eliminating the restrictive 50% cap on investments from Indians abroad in India-focused funds, Sebi has removed a significant hurdle that has long impeded the growth potential…
Sovereign gold bonds have caught the fancy of investors, who bought Rs 27,031 crore worth of the bonds last fiscal, an amount more than four times the amount invested in 2022-23, on the prospects of higher returns and tax benefits. The bonds bought by investors represented a whopping 44.34 tonne of gold during 2023-24. In…
Stock markets are likely to sustain the momentum thanks to positive global cues. With the much anticipated profit-taking still elusive, traders are debating whether to commit fresh funds or book profits, said an analyst. The market will remain lacklustre till the next key trigger emerges, one of which could be the upcoming Budget presentation, which…
The finance minister presented a vote on account highlighting the government’s achievements in the last five years and laid the foundation for the budget post-election. The priorities for the government visible from the past budgets are infrastructure, investment, inclusive growth and fiscal prudence. The government, barring the covid shock, has achieved the impossible trinity of…
The rupee witnessed range-bound trading against the U.S. dollar in early trade on Monday, amid a negative trend in the domestic equity market. | Photo Credit: Reuters The rupee witnessed range-bound trading against the U.S. dollar in early trade on Monday, amid a negative trend in the domestic equity market. Forex traders said the strength…
India recorded a current account surplus of $5.7 billion or 0.6% of GDP in the March quarter, the Reserve Bank of India said on June 24. In the year-ago period, the current account deficit stood at $1.3 billion or 0.2% of GDP, and the same was $8.7 billion or 1% of GDP in the preceding…
As the deadline for filing ITR, 31 July 2024, approaches, several significant financial deadlines and regulatory changes are set to take effect. Here are some crucial last dates to remember. Key Deadlines: July 1, 2024: Changes to SBI Card credit card rules and ICICI Bank credit card charges become effective. July 15, 2024: Completion of…
Shiv Kumar Prasad, a Personal Assistant to Congress MP Shashi Tharoor, has come under the scanner of the customs authority for allegedly being involved in gold smuggling, which was unravelled when a passenger was intercepted by sleuths at the IGI airport on Wednesday for carrying an undeclared chain of the precious metal weighing 500 grams….
tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for July 2, 2024. ALL UPDATES July 02, 2024 07:31 Stock market live updates: EFC (1) Ltd. SOCIETE GENERALE bought 3,50,000 @ Rs. 565.00 July 02, 2024 07:31…
In the course of preparing the budget, you have laid down a roadmap for a developed India. What are the key takeaways you intended for us? This process started before 8 October, when Prime Minister Narendra Modi addressed the nation from Red Fort (on 15 August). We believe ‘Amrit Kaal’ as ‘Kartavya Kaal’ as well….
