Crypto Trading India: India is considering a proposal to treat cryptocurrencies as a financial asset while safeguarding small investors, according to people familiar with the matter.
Money Market
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Reliance Industries – Aramco Deal off After Agreeing To Re-evaluate
Shares of Reliance Industries Ltd. shed over 4% in intraday trade to Rs 2,370 apiece, after the company and Saudi Aramco have agreed to re-evaluate the latter’s proposed investment in RIL’s oil-to-chemicals business. Reliance will withdraw its application with NCLT for segregating the O2C business. The decision to re-evaluate the proposed investment follows RIL’s recently announced plans to develop green energy giga complex at Jamnagar.
Stock Market Diwali Muhurat Trading Time 2021 – Gold Silver Reports
The day of Diwali is very special for the stock market. Although the market is closed on this day, the ‘Muhurat trading’ is organized for one hour during the day. In this hour, investors follow the tradition of the market by making their investment. The day is considered auspicious for trading and its history goes back almost to the beginning of the Bombay Stock Exchange.
Gold Got A Digital Facelift. How’s That Going?
Gold Digital: You may no longer be able to buy candy for a rupee but you can buy gold. That pitch has been enough to draw a country besotted with the precious metal to its digital avatar. Sales have risen, particularly as the pandemic accelerated the move towards all things digital.
Sovereign Gold Bond Scheme opens for Subscription Today
The next tranche of Sovereign Gold Bond Scheme (SGBs) 2021-22 opens for subscription today. Buying gold in the festive season is considered auspicious in India.
Bank Gross NPA Could Rise To 8-9% By March 2022: CRISIL
- Gross NPAs for banks were at 7.5% as of March 2021
- With restructured assets expected to be around 2% of total loans, stressed loans for banks could rise to 10-11%
- Majority of the stress is expected to come from retail and MSME loans
- Retail stressed assets could rise to 4-5% of loans by the end of this year, compared with 3% in March 2021
- Stressed assets for MSME segment expected to rise to 17-18% from 14% last fiscal
- Corporate stressed assets expected to remain within 9-10%
Source: CRISIL Statement
India Has Few Things To Do Before Global Bond Inclusion: Finance Minister
- India moving towards being included in global bond indexes.
- It’s a question of doing quite a few things before it can happen.
- We are in the process of doing that, I hope to do it at the earliest.