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Morning News Round-up

​Ø  SBI slashes bulk deposit rates by up to 1.9% Ø  Corus buyout based on long-term strategy: Tata Steel Ø  Sebi tightens promoter-investor profit sharing rules Ø  30 banks join app-based national fund transfer system Ø  Indian Oil plans expansion of refinery co-owned by Iran Ø  All property records of Delhi just a click away […]

Morning News Round-up:

Ø  After tariff war, Airtel challenges Rel Jio with 135 mps data speed  Ø  Mukesh Ambani shifts to big data with $20-bn Jio Ø  India’s fiscal deficit reaches 74% of FY17 target  Ø  CCI imposes Rs 6,700 cr fine on 10 cement cos for cartelization  Ø  India, US to use S&CD platform to boost trade, […]

Morning News Round-up:

​Ø  Telcos seek uniform GST rate across India, cap at 15% Ø  GST stands simplified with govt dropping 1% tax Ø  ‘Govt open to deliberating on merger of oil firms’ Ø  Central KYC to hit new equity, commodity investors from Aug 1 Ø  ‘Despite growth, our economy can’t give enough jobs’ Ø  DLF’s rental arm […]

Morning News Round-up:

Ø  Cabinet approves amendments to GST bill, removes 1% addl tax  Ø  SBI to refinance Rs 28,000cr in RCOM-Aircel merger Ø  Wall Street ends lower after Fed keeps rates unchanged Ø  RBI slaps penalty on 13 banks for FEMA violations Ø  SBI kick-starts merger ops, appoints external parties Ø  Govt drops plan for Rs 17.5k […]

What are sovereign gold bonds?

Government of India has launched the Sovereign gold bond (SGB) scheme as an alternate investment form to physical gold. Investors will get returns based on the prevailing gold price. Since this is a bond, it can be held in demat or physical paper form. Salient features of Sovereign Gold Bonds The tenure of the bond […]

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