Subscription for the sixth and the final instalment of the sovereign gold bond scheme will begin on August 31. This year, the government of India announced to issue gold bonds in six tranches during the initial six months of the year, of which allotment of the first five tranches is have concluded. It is the …
Adani Ports and SEZ has announced the issuance of non-convertible debentures (NCDs) for the third time in this year to raise funds through debt instruments. In between 2019 and 2020, Adani Ports have already raised over $4 billion through debt tools across its businesses. The company is looking to elongate its debt tenure and reduce …
Indians always have an affinity for gold. Investing in gold is often linked to social status, which is why Indians invest heavily on the yellow metal. Moreover, gold is believed to be a safer investment option against market volatility. So, naturally, anything associated with gold enjoys a high demand in the country, like the sovereign …
When the finance ministry announced the stimulus package in May, the focus was to revive the economy that suffered a set back from COVID-19 outbreak. It was a massive 20 lakh crore package to offer financial assistance to various sectors in phases. Reviving agriculture was one of the prime focuses of the policy. Advancing on …
After securing a slew of investment from foreign marquee investors, Reliance supremo, Mukesh Ambani is now targeting native online retailers to grow his footprint in the e-commerce platform and give a competition to Amazon India. Reliance has already launched Jio Mart, the online grocery brand, which also received investment from Facebook. Ambani is currently on …
Indian Energy Exchange (IEX) has got approval to start green energy trading in its energy platform. For the first time in India, green energy will trade in the exchange, creating a more transparent and integrated market for the players. IEX received consent from the Central Electricity Regulatory Commission (CERC) to set-up a ‘green term-ahead market’ (G-TAM) …
We can call it an end of an era. For a staggering amount of Rs 24,713, Reliance has acquired the retail chain of Future Group. For a period of over three decades, Kishore Biyani had built a retail empire that had earned him the nickname of Retail King of India. But on August 29, the baton …
As an asset class, commodity trading allows investors to participate in a highly leveraged market, with exponential profit potential. However, retail participation in commodity trading is limited. Mainly due to high margin requirement and secondly, because of the possibility of physical delivery of the asset. But the problem seems to be vanishing now as MCX …
The Multi Commodity Exchange (MCX) on Tuesday announced its plans to launch spot exchange in base metal. In the last one and a half year, over 1,00,000 tonnes of base metal delivery happened in the bourse. But it lacked in introducing an efficient spot exchange platform. Currently, the base metal futures prices are pegged with …
The festive season is upon us, and Diwali is just around the corner. As we worship the goddess of wealth, Laxmi, on the day of Diwali, it is considered auspicious to make financial transactions on that day. It is customary for the Indian bourses to organise special trading sessions on the day of Diwali, following …
