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GRSE Says Rs 33,000 Crore Navy Corvette Contract Could Be Signed This Quarter
Garden Reach Shipbuilders said price negotiations for the Navy's Next Generation Corvette programme have been completed, with contract signing now expected in the current quarter.
‘Telling people to not buy gold has the opposite effect’: Deepak Shenoy shares other ways to reduce import bill
Deepak Shenoy argued that India’s rising gold imports are becoming a significant pressure point for the rupee and the country’s current account deficit (CAD), and suggested that the Reserve Bank of India (RBI) could play a direct role in easing the burden.
Simca Advertising IPO GMP signals 17% listing pop: Check subscription and other details on Day 3 of the offer
Simca Advertising IPO GMP today is ₹31 as against ₹30 on Monday and ₹14 a day before that, signalling growing investor interest in the counter. At the current GMP, Simca Advertising IPO listing price could be ₹214, suggesting a listing pop of 16.9%.
PM Modi wants Indians to buy less gold but jewellers suggest three ways to save forex without any sacrifices
Amidst calls to conserve forex, the All India Jewellers and Goldsmith Federation proposed a dedicated bullion bank and revamped gold monetisation schemes. These initiatives aim to reduce India's annual gold import dependence by 200-300 tonnes. High gold imports, driven by price surges, have significantly widened the trade deficit and impacted the current account deficit.
Tata Group stock has no 'sell' rating among analysts after Q4 results; Check price targets
Brokerage firms UBS and Goldman Sachs both have "buy" ratings on the stock and see an upside potential of up to 34% from current levels.
Average state per capita income could approach high-income thresholds by 2046-47
Poonam Gupta, Deputy Governor, Reserve Bank of India, has noted in a speech that India has attained a virtuous cycle of accelerated growth and macroeconomic stability. Macroeconomic stability is reflected in sustainable and resilient outcomes across inflation, the current account balance, fiscal position, debt quality, and financial sector health, among others. Key macroeconomic outcomes, especially growth (overall and sectoral) and inflation, are broadly less volatile and move within a narrower, more predictable range.
Sebi proposes 'GARUDA' mechanism to speed up AIF scheme launches
Markets regulator Sebi on Monday proposed a new green-channel mechanism -- GARUDA-- for alternative investment funds (AIFs) to launch schemes to 10 working days of filing their placement memorandums from the current 30 days, in a bid to speed up the deployment of capital by them. GARUDA, or Green-Channel: AIF Rollout Upon Document Acknowledgement, aims to streamline the Processing of Placement Memorandums (PPMs) filed with Sebi and further ease fundraising by AIFs. Under the proposal, regular AIF schemes would be allowed to launch within 10 working days of filing the PPM with Sebi through a merchant banker, unless the regulator raises objections. At present, AIFs can launch schemes only after 30 days from filing, Sebi said in its consultation paper. For the first scheme of an AIF, launch would be permitted from the date of grant of registration or after 10 working days of filing the application, whichever is later. Sebi said the move would "further enable faster and efficient ...
Morgan Stanley warns oil market in ‘race against time’ as Strait of Hormuz remains shut amid Iran war
Morgan Stanley warned that global oil markets are in “a race against time” as prolonged disruption in the Strait of Hormuz could sharply tighten supplies and push crude prices higher. Analysts said current market buffers may weaken if the closure extends into late June or July, raising risks for global energy markets.
SBI shares down 10% in two sessions after downgrades on Q4 results miss but no 'sell' rating
SBI currently trades at 1.2 times its financial year 2028 estimated book-value-per-share and therefore, Nomura does not expect any material re-rating from current levels.
Grasim Inds Share Price Live Updates: Grasim Industries Current Price Update
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