[ad_1] Sebi has barred mutual fund schemes from investing in pre-IPO share placements but will allow participation in anchor rounds of public issues, a source told PTI citing the move is intended to improve liquidity and ensure clearer valuation of companies ahead of listing.“We have asked mutual fund schemes not to invest in pre-IPO placement…
[ad_1] India’s foreign exchange reserves rose sharply by $5.543 billion to $692.576 billion for the week ended November 14, driven largely by a surge in the valuation of gold holdings, according to data released by the Reserve Bank of India (RBI) on Friday.The rise follows a $2.699 billion decline in the previous reporting week, when…
[ad_1] The rupee logged its steepest single-day drop in more than three months on Friday, breaching the 89-per-dollar mark for the first time amid weak sentiment across domestic and global equity markets. The currency fell 78 paise intraday to 89.46 against the US dollar.At the interbank foreign exchange market, the rupee opened at 88.67 before…
[ad_1] Navi UPI links with ONDC to enable metro QR ticketing Navi UPI has partnered with the Open Network for Digital Commerce (ONDC) to offer QR-based metro ticketing through its app, expanding digital access for commuters in Delhi, Mumbai and Bengaluru. The service allows users to plan routes, book single or return journey QR tickets…
[ad_1] File photo: Japan’s Prime Minister Sanae Takaichi (Picture credit: ANI) Japan has moved ahead with a sweeping ¥21.3 trillion ($135 billion) stimulus push, the first major policy step under Prime Minister Sanae Takaichi. Her cabinet signed off on the plan on Friday, with the measures aimed at easing the pressure of rising prices on…
[ad_1] The new Vande Bharat sleeper train will look to offer superior comfort to Rajdhani Express trains on long-distance overnight routes. Vande Bharat sleeper train launch: Indian Railways is looking to launch the first Vande Bharat sleeper train soon, with the first prototype rake undergoing changes after trial runs. Railway Minister Ashwini Vaishnaw has said…
[ad_1] A sustained move below ₹1,22,200 may trigger extended selling pressure in the upcoming session. (AI image) Gold price prediction today: Gold prices are showing an intraday weakening bias, and traders should look to sell on rise, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy for gold…
[ad_1] The International Monetary Fund (IMF) highlighted persistent corruption challenges in Pakistan, warning that systemic weaknesses across state institutions could limit economic growth unless urgent reforms are undertaken, Dawn reported.The IMF’s Governance and Corruption Diagnostic Assessment (GCDA) is a prerequisite for its executive board to approve a $1.2 billion disbursement, expected next month. The report,…
[ad_1] File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has withdrawn steep tariffs on a wide range of Brazilian food products — including beef, coffee, cocoa, fruits and tomatoes — in a major reversal of policies that had sharply increased costs for American consumers. The decision, announced on Thursday, removes…
[ad_1] NEW DELHI: RBI governor Sanjay Malhotra said on Thursday that the central bank does not aim for any particular level for the rupee, and depreciation of rupee is driven purely by market demand, with recent depreciation linked to tariffs. “We do not target any level for the rupee,” Malhotra said at an event at…