Precious metal prices advanced on Monday as the wedding season gets underway in India. The rate for 24-carat gold reached 124,746 rupees per 10 grams with goods and services tax applied, while silver traded at 154,088 rupees per kilogram with tax. Both metals remain below their recent peaks. The value of gold sits 5,764 rupees…
Billionbrains Garage Ventures Limited plans to raise more than 6,500 crore rupees through a public offering for Groww, its digital investment platform. The share sale will run from Monday through Thursday, with large institutional investors able to participate on Sunday. Trading on exchanges could begin on November 12. The offering sets a price range between…
Defense contractor Zen Technologies saw equity values climb nearly 7 percent on Tuesday after securing anti-drone equipment contracts valued at 289 crore rupees from military authorities. Trading opened at 1,420.45 rupees per share on the Bombay Stock Exchange before advancing to 1,147.30 rupees during the session, defying broader market weakness. Financial disclosures from last month…
Financial enforcement authorities froze assets valued at 3,084 crore rupees belonging to enterprises controlled by businessman Anil Ambani, citing suspected violations of anti-money laundering statutes. The October 31 action under the Prevention of Money Laundering Act targeted more than 40 holdings across ten metropolitan areas, from the executive’s Pali Hills home to commercial offices and…
India’s federal workers anticipate salary adjustments through a multiplication coefficient as the government activated the eighth compensation review panel last week under retired Justice Ranjan Desai. The evaluation body will consult stakeholders before issuing revised payment recommendations in the coming months. Representatives from the National Council-Joint Consultative Machinery seek a multiplier matching the previous commission’s…
Wealthy Indians are investing heavily in longevity services that combine advanced medical treatments with lifestyle modifications aimed at slowing biological aging. Young professionals in Mumbai and Delhi have embraced biohacking practices through specialized clinics offering cold immersion tanks, infrared light sessions and pressurized oxygen chambers alongside tailored supplements and fitness programs. Several health technology companies…
Seven companies plan to tap capital markets during the coming days, with offerings expected to collect 10,733.50 crore rupees from investors. Brokerage platform Groww begins its subscription period on Tuesday through Friday at a share price range between 95 and 100 rupees. The offering consists of 1,060 crore rupees in new equity and 5,572.30 crore…
Tillman Global Holdings is negotiating an investment between $4 billion and $6 billion to acquire operational control of Vodafone Idea, according to reports. The New York private equity firm requires comprehensive government relief addressing the Indian telecommunications company’s financial obligations before completing the transaction. Existing stakeholders Aditya Birla Group and Vodafone Corp would exit their…
Monthly contributions of 2,000 rupees into mutual fund systematic investment plans could generate wealth exceeding 10 million rupees over three decades, according to investment projections assuming 15 percent annual returns. Fund managers pool resources from multiple investors to purchase diversified stock portfolios, offering higher potential yields than fixed deposit accounts while carrying corresponding market risks….
Indian officials modified pension regulations to resolve confusion about benefit calculations for government workers who die following retirement. The Department of Pension and Pensioners’ Welfare announced that surviving relatives will collect enhanced payments for seven years or until the deceased worker would have turned 67 years old, whichever comes first. This applies across all retirement…
