How quickly times and feelings change! For the first week of March, everything seemed to be going well and we were well on our way to achieving our best economic year with a two-digit GDP growth rate. With the second tsunami of COVID-19 coming, it all looks like a distant memory. The second wave, in …
The joint venture invested Rs 2,476 crore in equities in March, making it the first such offer in ten months, as market integration provided investment opportunities for financial managers. Kaushlendra Singh Sengar, founder and CEO of INVEST19, said revenue generation (MFs) income would dry up soon. Prior to the cash flow, mutual funds (MFs) had …
Mutual Funds turn net consumers; invest Rs 2,476 cr in March Read More »
India’s gold imports in March rose 471% from a record high last year to 160 records, a government source told Reuters on Thursday, as lower tariffs and higher price adjustments attract buyers and sellers of jewelry. The world’s second-largest consumer imports could support gold prices, adjusting about 17% from a high of $ 2,072 by …
The CEO and Managing Director of the company T. V. Narendran said Tata Steel supplies up to 300 tonnes of oxygen oxygen from its plants to hospitals. He was speaking at a virtual session of the 6th National Leadership Conclave organized by the All India Management Association (AIMA).“We are supplying 200-300 tonnes of oxygen per …
Tata Steel supplies 300 tonnes of oxygen per day for COVID treatment: CEO TV Narendran Read More »
Fair Trade Watchdog CCI has dismissed complaints of misuse of key positions against Greater Noida Industrial Development Authority (GNIDA) and New Okhla Industrial Development Authority (NOIDA). Passing the order in this regard, the Competition Commission (CCI) said that it expects GNIDA and NOIDA officials to consider the issues raised on the complaints in a “non-adversarial” …
CCI dismisses complaints against GNIDA, Noida Authority Read More »
Prices for copper rose to Rs 694.15 per kg on April 8 as participants expanded their long positions as evidenced by open interest rates. The base metal was sold green in the evening program after the start of a good global tracking gap. Non-ferrous metals were selling more than the 5, 20, 50, 100 and …
The copper future increased by 0.7% to Rs 694.15 per kg weaker dollar; good feelings Read More »
Shares of Reliance Infrastructure Limited added 10 percent on Thursday after power and infrastructure company sold the Reliance Center, headquartered in Mumbai by Anil Ambani’s Reliance Group, to YES Bank for R200 million. A private lender will transform the building into its company headquarters, according to each report. Also read : SBI, HDFC, Kotak Mahindra, …
Shares of Anil Ambani-led Reliance Infra spikes 10 % on selling Santacruz HQ to YES bank Read More »
The DDA’s Green Development Area policy will provide an integrated framework for ‘green-focused’ development in the city, help prevent pollution and empower investors to make money through land investments, the National Real Estate Development Council said. The draft policy aims to control development in designated rural areas and green corridors in the city and aims …
Maharashtra government announcing restrictions such as the return home for public transportation in the next 15 days across the country, the pharma industry has expressed confidence that its operations will not be affected. The Maharashtra government has allowed pharma production units to continue operating at full capacity, as medicines are part of essential services. Maharashtra …
Sa-Dhan, one of Microlenders’ largest industrial corporations, has written to the Reserve Bank of India (RBI) seeking an emergency credit line to address the challenges posed by the second wave of COVID-19. Microfinance Institutions (MFIs) are companies that lend money to small lenders by 22-24 percent and mainly get money from banks to do business. …
