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The move, being mulled by the Union finance ministry with the help of the Reserve Bank of India (RBI), would also help the government nudge the industry towards its target of insurance for all by 2047, these people said on the condition of anonymity. For insurers, investing in these 50-year on-tap bonds would provide them…
Heavy rains have lashed several parts of India, triggering flashfloods and water-logging in multiple cities. These floods not only disrupt daily movement but can also cause severe damage to vehicles. Among the most affected regions are Maharashtra, Himachal Pradesh, Punjab and Jammu & Kashmir, where continuous downpour has impacted human lives, damaged infrastructure and left…
Investors are anticipating that the decision could either trigger a sharp surge in the Sensex and Nifty or exacerbate the turbulence. (AI image) Will the world continue to face US President Donald Trump tariffs or will the Supreme Court in America deem them illegal? It’s an important factor in the minds of investors world over,…
Gold price prediction: This week, the market’s focus will shift to major macroeconomic events and data. (AI image) Gold price prediction today: Gold prices are likely to be driven by geopolitical tensions and the US government shutdown. Investors should look to buy on dips, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial…
The Securities and Exchange Board of India (Sebi) has leased a luxury apartment in Mumbai’s upscale Prabhadevi locality for its chairman at a monthly rent of Rs 7 lakh. The apartment will house Sebi Chairman Tuhin Kanta Pandey, who took charge on March 1 this year.According to Sebi, the arrangement follows its existing policy. “Sebi…
India’s AM Green and Japan’s Mitsui & Co are exploring a strategic partnership for the energy transition. This collaboration includes potential investments in AM Green’s integrated green aluminium platform, aiming to support the world’s first fully integrated green aluminium production facility. Discussions also cover offtake agreements for low-carbon aluminium. India’s AM Green and Japan’s Mitsui…
MUMBAI: The late industrialist Ratan Tata’s property in Seychelles is up for sale. The former Tata Group chairman had bequeathed his beachfront villa on Mahe, the archipelago’s largest island, to RNT Associates, his Singapore-registered fund that backed Indian startups, as stated in his will. Third-party valuers appointed by his will’s executors had valued the property…
