The Godrej family has entered into an official agreement to split the assets of the Godrej Group into two groups. One group consists of two brothers, Adi Godrej and Nadir Godrej, while the other group consists of their cousins Jamshed Godrej and Smita Godrej Krishna. According to the terms of …
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Now NRIs allowed to hold 100% stake in foreign funds of GIFT City
More than 80 foreign funds are currently operating in Gifty City. These funds have invested more than $2.90 billion in the last three years and have committed to invest a total of $30 billion. Market regulator Securities and Exchange Board of India (SEBI) has allowed non-resident Indians (NRIs) to hold …
Read More »500 small cap, 50 mid cap stocks gave double digit returns in April
In the second half of February, SEBI itself had raised concerns about overvaluation of mid-cap and small-cap stocks, but these stocks have continued to outperform benchmark indices in the stock market, leading to tough competition. In the month of April, Sensex rose by one percent, while BSE Midcap Index rose …
Read More »Fear of irregularities in valuation while distributing gold loan
8 minutes ago Business Sources associated with the incident said that the Reserve Bank of India (RBI) has warned banks about irregularities in gold loans given by fintech start-ups. RBI is concerned about the process of determining the price of gold secured by …
Read More »Bitcoin falls by $3000+ on the first day of May
Mumbai: The month of May has been bad for major crypto Bitcoin after a 16 percent decline in April. In the last 24 hours, the price of Bitcoin has fallen by more than $3000 and late in the evening the price was said to be $5809. Other cryptos also rallied …
Read More »India's $700 million spices export will suffer a major setback – News India Live
Mumbai: India's exports worth $700 million to important markets are at risk as a result of regulatory measures being taken in foreign markets on the products of the country's two renowned spice manufacturers, according to a report. There are reports that the US, Hong Kong, Singapore, Australia and Malaysia have …
Read More »Slight decline in UPI transactions recorded in April compared to March
Mumbai: Unified Payment Interface (UPI) transactions declined by one percent in volume and 0.70 percent in value in April compared to March. Transactions worth Rs 19.64 trillion were completed in April compared to Rs 19.78 trillion in March. The number of transactions decreased from 13.44 billion to 13.30 billion. There …
Read More »Gold, silver lag: Crude also breaks: US stocks increase by 5 million barrels
Mumbai: The bullion market in Mumbai's jewelery market remained officially closed today. However, gold and silver prices fell sharply in the global market in the closed market. Prices of precious metals fell in the country's jewelery markets today due to decline in domestic import costs due to the decline in …
Read More »Change in import duty as the government changes the tariff value of imported edible oils
Mumbai: Amid the holiday mood, new business took place in the Mumbai oil-oilseeds market today. Prices of various domestic and imported edible oils remained soft overall. Saurashtra markets remained soft. The price of Saurashtra Cotton Wash was Rs 915 to Rs 920 and today it was indicated to be Rs …
Read More »Demand for bank loans by service sector is higher than that of industries
Mumbai: Agriculture and allied sectors are witnessing higher numbers in bank credit growth compared to other sectors. Lending to industries by banks showed a slight year-on-year increase in March. The demand for credit from the services sector has been higher than that from industries. According to the data released by …
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