Business

24

Feb

By The Press Editor

0 Comments

Business

Sovereign Gold Bond: RBI releases revised calendar for premature redemption – Full details

Sovereign Gold Bond (SGB) premature redemption: The Reserve Bank of India (RBI) released SGBs for the last time in February 2023, totalling Rs 8,008 crore. SGB premature redemption: Gold has traditionally been among the most preferred investment options for many Indians. But the challenge of buying physical gold is that you need to protect and that can be a challenge for many. To provide a solution to this problem, the government launched Sovereign Gold Bond (SGB) What is SGB? Sovereign Gold Bonds or SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold and…

Read More

24

Feb

By The Press Editor

0 Comments

Business

Coal India shares in focus as PSU and France’s EDF to form renewables joint venture – Details

PSU Stock: The stock of the company, which has a market cap of Rs 2,23,676 crore has a 52-week high of Rs 544.70 and a 52-week low of Rs 349.20. Coal India Share Price Today: Shares of state-owned Coal India Limited (CIL) are in focus today as the company has announced plans to form a joint venture with EDF India, a subsidiary of France's EDF. The joint venture will develop renewable energy plants across South Asia. According to an exchange filing, the company has entered into a non-binding shareholders agreement (SHA) for this venture,  "Coal India Limited…

Read More

24

Feb

By The Press Editor

0 Comments

Business

Global Investors Summit 2025: Adani to invest Rs 1,10,000 crore in Madhya Pradesh to generate 1.2 lakh jobs

Global Investors Summit 2025: Expressing confidence in Madhya Pradesh's investment potential, Gautam Adani said, "There are a lot of possibilities in Madhya Pradesh." The Adani Group has committed to investing Rs 1,10,000 crore in Madhya Pradesh across various sectors, including pumped storage, cement, mining, smart meters and thermal energy. "This will create more than 1,20,000 jobs by 2030," said Gautam Adani, chairman of Adani Group.  "These are not just investments. These are milestones in a shared journey -- a journey that will make Madhya Pradesh a national leader in industrial and economic growth. They reflect our deep confidence…

Read More

24

Feb

By The Press Editor

0 Comments

Business

Gold, Silver Prices Today: MCX gold rate gains on weak US dollar | Check city-wise rate on February 24

Gold Price Today: At around 10 AM, it was trading at Rs 86,069 per 10 grams - 0.07 per cent higher than the previous close of Rs 86,010. Gold, Silver Prices Today February 24: Gold price on Monday continued an upward trend and opened higher by Rs 12 to Rs 85,949 per 10 grams in futures trade but soon it gained momentum and gained Rs 112 to touch the high of Rs 86,122.  At around 10 AM, it was trading at Rs 86,069 per 10 grams - 0.07 per cent higher than the previous close of Rs…

Read More

24

Feb

By The Press Editor

0 Comments

Business

Market Opening Bell: Sensex declines over 400 points, Nifty below 22,650, all sectoral indices in red

Market Opening Bell: The Sensex began the day at 74,893.45, down by 417.61 or 0.55 and the Nifty opened at 22,609.35, falling by 0.81 per cent. Market Opening Bell: Indian benchmark indices continued a downward trend on Monday, February 24, 2025, amid mixed global cues. The 30-share BSE Sensex tanked over 400 points while the NSE Nifty 50 opened below 22,650.  The Sensex began the day at 74,893.45, down by 417.61 or 0.55 and the Nifty opened at 22,609.35, falling by 0.81 per cent. From the Sensex pack, Zomato, HCL Tech, Tech Mahinda, NTPC and Power Grid…

Read More

23

Feb

By The Press Editor

0 Comments

Business

USAID allocates USD 750 million for 7 projects in India in FY24, no funding for ‘voter turnout’: FinMin report

USAID allocated USD 750 million for seven projects in India in FY24, focusing on sectors like agriculture, health, and renewable energy, with no funding for voter turnout. Amid growing political controversy over the alleged role of the United States Agency for International Development (USAID) in influencing Indian elections, the latest annual report from the Ministry of Finance has revealed that USAID funded seven significant projects worth USD 750 million in the fiscal year 2023-24. According to the Finance Ministry's annual report, "Currently, seven projects worth a total budget of USD 750 million (approximately INR 6,000 crore) are…

Read More

23

Feb

By The Press Editor

0 Comments

Business

Adani Group pays Rs 58,104 crore tax in FY24, up from Rs 46,610 crore in previous year

The conglomerate helmed by billionaire Gautam Adani released its Tax Transparency Reports for the financial year 2023-24 (April 2023 to March 2024). The Adani Group, helmed by billionaire Gautam Adani, released its Tax Transparency Reports for the fiscal year 2023-2024 (April 2023 to March 2024) on Sunday. According to the release, the group paid Rs 58,104 crore in taxes in 2023-24, up from Rs 46,610 crore in the previous financial year. The taxes paid by the Adani portfolio of companies include direct contributions such as global taxes, duties, and other charges. Additionally, they include indirect tax contributions, duties…

Read More

23

Feb

By The Press Editor

0 Comments

Business

IT sector salary hikes this year might be ‘cautious’ this year amid economic uncertainties: Experts

Industry experts predict an average wage increase of 4 to 8.5 per cent, a notable step down from previous years, signalling a shift towards more pragmatic compensation strategies. The salary increments in India’s IT service sectors are projected to be moderate in the fiscal year 2025, as companies navigate a complex landscape of global economic uncertainties, evolving skill demands, and the increasing adoption of artificial intelligence (AI), according to experts. Industry experts predict an average wage increase of 4 to 8.5 per cent, a notable step down from previous years, signalling a shift towards more pragmatic…

Read More

22

Feb

By The Press Editor

0 Comments

Business

Ex-RBI Governor Shaktikanta Das appointed Principal Secretary to PM Modi

Former RBI Governor Shaktikanta Das has been appointed as the principal Secretary to Prime Minister Narendra Modi. Former RBI Governor and retired IAS officer Shaktikanta Das has been appointed as the principal Secretary to Prime Minister Narendra Modi. In an official notice issued by the Ministry of Personnel, Public Grievances and Pensions on Saturday, Das' appointment is announced with effect from the date he assumes the office. Das represented India in several international fora like the IMF, G20, BRICS and SAARC.  Shaktikanta Das’ appointment will be co-terminus with the term of the Prime Minister or until further orders, whichever is earlier,…

Read More

21

Feb

By The Press Editor

0 Comments

Business

Gold, Silver Prices Today: MCX gold rate falls | Check city-wise rate on February 21

Gold, Silver Prices Today on February 20: On the Multi Commodity Exchange, gold contracts for April delivery opened lower by Rs 310 or 0.35 per cent at Rs 85715 per 10 grams. Gold, Silver Prices Today on February 20: A day after the bounce bank, gold price on Friday fell by Rs 310 to Rs 85,715 per 10 gram in futures trade. On the Multi Commodity Exchange, gold contracts for April delivery opened lower by Rs 310 or 0.35 per cent at Rs 85715 per 10 grams. It later touched an intraday low of Rs 85,690. At around 10 AM,…

Read More