To encourage retail investors to invest in yellow metal through mutual fund route, industry body Amfi has asked the government for preferential tax treatment for Gold ETFs and Fund of Funds ahead of the Union Budget. In its budget proposals for 2023-24 to the finance ministry, Amfi has proposed that Gold ETFs and Fund of [...]
The CBI on Friday filed its first charge sheet in the Delhi excise policy scam case against arrested businessmen Vijay Nair and Abhishek Boinpally and five more accused, keeping the probe open into the alleged role of others named in the FIR including Deputy Chief Minister Manish Sisodia, officials said. Besides Nair and Boinpally, those [...]
Beauty and fashion e-commerce firm Nykaa has recorded a 75 per cent growth in gross merchandise value and a 12-fold jump in revenue on Day 1 of its Pink Friday sale, the company said on Friday. The company said that it recorded over 400 orders per minute on the first day of the sale which [...]
Veranda Learning Solutions is collaborating with IIM Raipur & the Society for Human Resource Management (SHRM) to launch an Executive Post Graduate Programme (online MBA) in HR management. Veranda Learning Solutions is a publicly listed edtech company. It offers a variety of training programmes for competitive exam preparation, including the State Public Service Commission, Banking, [...]
The rupee settled for the day 8 paise higher at 81.62 (provisional) against the American currency on Friday on broad dollar weakness and improved risk sentiments. Forex traders said positive domestic equities and foreign fund inflows supported the local unit. At the interbank foreign exchange market, the local unit opened at 81.69 and touched an [...]
Union minister Nitin Gadkari on Friday said all vehicles belonging to the Indian government that have completed 15 years will be scrapped, and a policy to that effect has been sent to states. He was speaking at the inauguration of the annual 'Agro-Vision' agriculture exhibition here. "Yesterday, I signed a file under the guidance of [...]
Equity benchmarks settled at record highs on Friday, rallying for the fourth day running, helped by intense buying in index majors Reliance Industries, Wipro and Maruti. In a largely range-bound trade, the 30-share BSE Sensex climbed 20.96 points or 0.03 per cent to settle at 62,293.64, its fresh record closing high. During the day, it [...]
Billionaire Gautam Adani's conglomerate on Friday said it will raise Rs 20,000 crore in equity to fund the massive expansion at his sprawling business empire that now spans from ports to energy to cement. Adani Enterprises Ltd, the flagship firm of Asia's richest person, will raise funds through the issue of fresh equity shares, it [...]
The shares of HEG Limited, an LNJ Bhilwara Group company have lost 42% year to date. HEG is a small-cap graphite electrode producer. It operates one of the largest integrated graphite electrode plants globally and exports more than 70% of its products to over 30 countries worldwide. On Friday, the stock was trading up by [...]
The total demand for all categories of teas dropped by 10.35 per cent during Sale-47, Calcutta Tea Traders Association data (CTTA) said. Sale-47 was held from November 22 to 24. However, Darjeeling leaf scored a gain in demand during this week as compared to last auction, it said. According to CTTA officials, the total offerings [...]
