Target: ₹185 CMP: ₹143.80 We initiate coverage of Inox Wind Ltd (IWL) with a Buy recommendation and a target price of ₹185. Inox Wind is a fully integrated wind energy solutions provider. The company is engaged in the business of manufacturing and selling wind turbine generators (WTGs). It also provides erection, procurement and commissioning (EPC),…
The RBI had announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023. File | Photo Credit: Reuters The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2,000 banknotes was announced, has declined to ₹7,581 crore…
The rupee depreciated 11 paise to settle at 83.45 (provisional) against the U.S. dollar on July 1, tracking rising crude oil prices in international markets. | Photo Credit: REUTERS The rupee depreciated 11 paise to settle at 83.45 (provisional) against the U.S. dollar on July 1, tracking rising crude oil prices in international markets. However,…
Banks will remain closed for 12 days in July on account of various regional and national holidays. The Reserve Bank of India (RBI) has designated July 3, 6, 8, 9, 16, and 17 as bank holidays under the Negotiable Instruments Act. The Negotiable Instruments Act deals with the issuance of cheques and promissory notes. Transactions…
Global central banks plan to increase gold holding in their reserves even as Indian retail consumers may shun the yellow metal due to high prices. As per the World Gold Council’s recent “Central Banks Gold Reserves” survey, nearly 30 per cent of world’s central banks plan to add gold to their own reserves this year….
NEW DELHI:The upcoming budget for 2024-25 will unveil major economic reforms and present a roadmap for Viksit Bharat, the government’s push to propel India towards ‘developed nation’ status by 2047, President Droupadi Murmu said addressing the joint session of Parliament on Thursday. “Along with significant economic and social decisions, this budget will include many historic…
REDA Share Price, IREDA Stock Price Updates: IREDA recorded loan sanctions at ₹9,136 crore and loan disbursements at ₹5,320 crore during first quarter ended June 30, 2024, a growth of 382.62% and 67.61%, respectively over corresponding quarter of FY 2023-24. Loan book stood at ₹63,150 crore, a record growth of 33.77%. ALL UPDATES July 01,…
Sixteenth Finance Commission chairperson Arvind Panagariya on Sunday mooted a mechanism that brings together data generated by various Finance Commissions in one place. Noting that a lot of statistics are compiled each time by the Constitutional body appointed every five years, which could come in handy for future Commissions’ work. “Apparently, Finance Commissions are appointed…
The BSE Sensex recorded the best monthly gain in June by climbing 7.14%. The Sensex breached the historic 79,000 mark on June 27. | Photo Credit: Reuters Nine of the top-10 most valued firms together added ₹2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a…
I am a retired foreign citizen with an OCI card and a tax resident of India, and have been filing annual returns, including foreign pensions credited to my Indian account, regularly. My wife, an Indian citizen and homemaker, has no income and is not a taxpayer. Can I transfer funds from abroad to her as…
