Addressing a press conference at the customary post-Budget meeting, the Finance Minister said, "Gold is always an investment for households, seen seasonal spikes during festival season. We are watching it, but not seeing that prices are gone beyond certain limit." On IDBI Bank, Sitharaman
The strategic disinvestment of IDBI Bank has moved to the third phase, which means that now the technical and financial bids will be invited, said Arunish Chawla, Secretary, Department of Investment and Public Asset Management (DIPAM) on Sunday.
Seasonal demand and improved inventory drawdown have pushed Indian Hot Rolled Coil (HRC) prices upward, even as exports remain muted in the international market. According to the latest sector update from IDBI Capital, domestic HRC prices increased by 2.4 per cent Week-on-Week (WoW) to reach
India's tourism and hospitality sector is set to witness record growth, with projections indicating the industry could reach nearly USD 60 billion by 2028, according to a report by IDBI Capital.
The government expects to invite financial bids for IDBI Bank disinvestment in the third quarter of the current financial year, with the selection of the winning bidder likely by the end of 2025-26, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said
The raids are underway since morning at nine places in Delhi and NCR and one in Punjab's Ludhiana in the case which was taken by the ED on the basis of Central Bureau of Investigation (CBI) FIR of bank fraud.
Foreign portfolio investors (FPIs) recorded a net inflow of Rs 42.2 billion, witnessing a decline from Rs 62.71 billion in March, according to the data compiled by IDBI Capital.
The mutual fund industry experienced a remarkable resurgence in July 2024, with net inflows reaching at Rs 1.89 lakh crore, a significant recovery from the net outflow of Rs 43,637 crore observed in June 2024.
Pandey said, "We have to do it through a two-stage bidding process, where in the first stage we bring Expression of Interest (EoI) and thereafter they are taken to due diligence. You have to negotiate the share purchase agreements, and then go for financial bidding. Before that, there could
Enforcement Directorate (ED) carried out search operations under the Prevention of Money Laundering Act (PMLA) against Jyoti Power Corporation Pvt. Ltd. and its Directors, Kamlesh Mavjibhai Katariya and Nitesh Mavjibhai Katariya, and others.