[ad_1] China, the world’s largest consumer of gold, is planning to relax licensing norms for the export and import of the yellow metal, as the nation continues to steer away its reserves from the US dollar.According to a draft proposal from the People’s Bank of China (PBOC), the country plans to expand the use of…
[ad_1] The Delhi government is set to launch the registration process for its Pink Card, a lifetime free bus travel pass for women, from mid-October, as a Bhai Dooj gift to the women of the national capital.According to a senior transport department official, the Pink Card will be valid for a lifetime and aims to…
[ad_1] India’s property market has pulled in almost $80 billion in institutional investments over the past 15 years, highlighting its rise as a favoured asset class for global and local investors, a report by Colliers and CREDAI said.Foreign investors have played the bigger role so far, contributing 57% of the total inflows since 2010. Yet,…
[ad_1] Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6-7.5 per cent, outpacing many mature global markets, according to a joint report released by CREDAI and ANAROCK Capital. The study, Indian REITs: A Gateway to Institutional Real Estate, was unveiled at CREDAI NATCON in Singapore, as reported by news agency ANI.Since the…
[ad_1] India and the European Union (EU) have reiterated their commitment to finalise the long-discussed Free Trade Agreement (FTA), highlighting that a fair and balanced pact would deliver major benefits for people and businesses on both sides.Commerce and industry minister Piyush Goyal hosted European trade commissioner Maros Sefcovic and agriculture and food commissioner Christophe Hansen…
[ad_1] The imposition of a 50% tariff hike by the United States on imports from India weighed on domestic financial conditions in August, with equity markets taking the largest hit, according to a Crisil report. The agency said its Financial Conditions Index (FCI) fell to -0.5 in August from -0.4 in July, indicating tighter conditions…
[ad_1] BENGALURU: Urban Company’s IPO was subscribed 103.6 times, making it India’s most subscribed offer this year. The offer drew bids for 1,106.5 crore shares against the 10.6 crore shares on offer. The biggest push came from institutions.The qualified institutional buyers (QIB) portion was subscribed 140.2 times, led by both foreign and domestic funds. Foreign…
[ad_1] Oracle’s stock rally mints new millionaires Oracle’s stock market rally has not only reshaped billionaire rankings but also transformed the fortunes of its workforce. On 10 September, shares in the enterprise software major surged 36%, the biggest one-day jump since 1992, after it unveiled multi-billion-dollar AI cloud deals. The rally lifted Oracle’s market cap…
[ad_1] BENGALURU: Tata Power inaugurated Mumbai’s first premium MegaCharger hub near the city airport on Tuesday, adding to its 1,000-plus charging points in the city. The facility, developed with Tata Passenger Electric Mobility, features eight fast DC chargers with 16 bays, aiming to cut wait times for private and fleet EV users. However, as infrastructure…
[ad_1] File photo: French President Emmanuel Macron (Picture credit: AP) France’s sovereign credit rating has been cut by Fitch to A+ from AA-, with the agency warning that public debt will keep rising until at least 2027 unless urgent corrective steps are taken. The move marks the lowest rating France has received on record from…