Sound governance provides strong foundation for asset reconstruction companies: RBI
In his keynote address, M. Rajeshwar Rao highlighted that sound governance provides a strong foundation for the ARCs to build a robust business model.
In his keynote address, M. Rajeshwar Rao highlighted that sound governance provides a strong foundation for the ARCs to build a robust business model.
The Securities and Exchange Board of India (SEBI) has proposed allowing Indian mutual funds to invest in overseas mutual funds or unit trusts that in turn invest a portion of their funds in Indian securities.
Sensex opened higher at 73,711.31, and closed 253.31 points, or 0.34%, at 73,917.03. Nifty 50 opened higher at 22,415.25, and closed up 62.25 points, or 0.28%, at 22,466.10.
India equity indices were in red on Friday following muted global cues.
Nearly one out of five imported vehicles in South Korea were battery-powered ones in the January-April period despite slowing sales of electric vehicles (EVs) globally, industry data showed on Friday.
It can be noted that in the past, the Reserve Bank has also expressed risks of financial stability because of the fast growth in stock markets.
"New functionality issued for compliance checks for sec 206AB & 206CCA to ease compliance burden of tax deductors/collectors," the I-T department had tweeted.
Among various engineering goods categories, exports of iron and steel recorded a continuous growth to the extent of 43 per cent in May 2021 compared to the same period last year. Exports of products of iron and steel rose 50 per cent in May 2021.
The country's largest automobile maker did not reveal the quantum of the proposed price hike.
The capital market regulator has asked PNB Housing to undertake the valuation of shares from an independent valuer before moving ahead with the issue.
