In India 24-carat gold is used mostly in coins and bars
The proposed bullion bank can help settle gold loan accounts in gold terms, and promote existing gold schemes, along with launching schemes including gold-recurring deposits.
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If you missed the primary market bus but still want to invest in Sovereign Gold Bonds, then feel lucky.
Resolution to the bad loans problem has to be incremental, and the RBI has to ensure NPAs are not swept under the carpet, HDFC chairman Deepak Parekh tells Joydeep Ghosh.
If customers did not see value in what we provide them at the price point at which we provide these, they would not have been there with us in such a competitive market, says HDFC deputy managing director Paresh Sukthankar.
"The government feels the industry needs some government oversight and can't be left unregulated. A panel of bureaucrats will soon submit their recommendations on the subject," said an official.
BIS proposes compulsory registration for selling hallmarked jewellery. This will kill business of online sales as BIS registration is given only to physical premises.
'Debt mutual funds are a good option now because interest rates are coming down.' 'Retail investors must put a majority portion of your money in short-term debt funds (1 to 3 years) and only a small portion in actively managed dynamic funds.'
Government allows duty-free import of 500,000 tonnes raw sugar till June 12. At present, India levies an import duty of 40% on sugar
The stocks Radhakishan Damani enters or exits are closely watched by fund managers, says Joydeep Ghosh.
What was the fraud? Why did Sebi drag its feet on the order? What options does RIL have now? Samie Modak explains these and more.
Retail jewellers may be exempted as customers are allowed to buy jewellery up to Rs 200,000 in cash
'We need to see how quickly the industry comes out of the impact of the note ban.'
Rules for market infrastructure institutions such as stock exchanges, clearing corporations, and depositories have come under review by Sebi after five years.
Output, consumption estimates further revised downwards; debt restructuring for mills possible.
The company was looking to raise around Rs 1,800 crore for a stake sale of 10 per cent.
After demonetisation, demand jumped as many people with unaccounted money bought the yellow metal.
SIPs keep MFs afloat as investors redeem Rs 1.3 lakh crore in one year
Strong MF investments, stemming of FII outflows and positive earnings in Q3 have helped market, say analysts.
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