Banking And Finance
Government gives final nod to Emirates NBD’s $3 billion majority stake in RBL Bank
Dubai-based has received all regulatory and governmental approvals including from the Government of India for its acquisition of a majority controlling stake in Limited, paving the way for the imminent…
Gift tax rules explained: Who can give you money or assets without tax implications?
Gifts received in the form of money, property, or assets are treated as income under the Income Tax Act. If the value of such gifts exceeds the prescribed threshold, they…
RBI imposes penalty on IIFL Finance
Mumbai: The Reserve Bank on Friday said it has imposed a penalty of Rs 3.1 lakh on for certain deficiencies in regulatory compliance. The penalty was imposed for non-compliance with…
Buying or selling property in India as an NRI? Here are the rules you should know
Non-Resident Indians (NRIs) can buy and sell property in India, but such transactions are governed by the Foreign Exchange Management Act (FEMA), Reserve Bank of India (RBI) regulations and income…
Market
Gold, silver rates today: Comex gold plunges $171/oz; silver down $9.1 on inflation worries, firm US dollar
Precious metals continued to drift lower on Friday, 15 May, as a strengthening US dollar and persistent US inflation dampened expectations of near-term Federal Reserve rate cuts. Meanwhile, traders also…
Rupee breaches 96/$ mark for the first time
The rupee on Friday breached the 96 to the dollar mark for the first time, as US President Donald Trump’s latest social media post warning that the “war (West Asia)…
Dollar rides rising yields to largest weekly gain in two months
The dollar rode US Treasury yields higher on Friday and was set for its biggest weekly gain in more than two months, as mounting inflationary pressures from higher energy prices…
Hindustan Copper hires advisor to explore Chile copper belt expansion and acquisitions
State-owned Hindustan Copper Ltd (HCL) on Friday said it has hired a transaction advisor to support its entry into Chile’s copper belt and to scout acquisition prospects. In a filing…
Market
Charity Commissioner orders Tata Trusts to defer May 16 board meeting
Maharashtra’s Charity Commissioner has directed the board of Tata Trusts to defer its scheduled May 16 meeting, citing ongoing inquiries into alleged violations of the Maharashtra Public Trusts Act and…
Textile major Arvind Q4 profit rises 6% to ₹160 crore; board announces ₹4.5/share dividend
Textile major Arvind Limited on Friday reported a 6 per cent year-on-year rise in consolidated net profit for the March quarter, aided by strong double-digit growth across its core textiles…
Grew Solar to set up 8 GW ingot wafer unit in Madhya Pradesh
Solar module maker Grew Solar has completed the land acquisition process to set up a 8 gigawatt (GW) ingot and wafer manufacturing facility in Madhya Pradesh, expected to be operational…
Tata Steel profit more than doubles to ₹2,965 crore in Q4 on better realisation
Tata Steel reported that its net profit in the March quarter more than doubled to ₹2,965 crore, up from ₹1,200 crore in the same period last year, on the back…
Axis
