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Reliance Industries To Acquire Future Group Retail, Logistics, Other Businesses For Rs 24,713 Crore
Edited by Sandeep Singh | Saturday August 29, 2020Billionaire Mukesh Ambani-led Reliance Industries said on Saturday that it will acquire the retail and wholesale as well as logistics and warehousing businesses of the Future Group for Rs 24,713 crore through its subsidiary, Reliance Retail Ventures. The deal is part of the scheme in which Future Group is merging certain group companies into Future Enterprises, Reliance Industries said in a regulatory filing. The transaction is subject to regulatory and shareholder approvals, it said. -
How Price Of Government-Run Gold Bond Scheme Is Calculated
Edited by Sandeep Singh | Saturday August 29, 2020The issue price of Rs 5,117 per gram, for example, is based on the closing prices of gold jewellery from August 26 to 28 provided by industry body IBJA. -
Sovereign Gold Bonds To Be Available For Subscription For Last 5 Days. All You Need To Know
Edited by Sandeep Singh | Saturday August 29, 2020The Sovereign Gold Bond scheme will be available for subscription for the final five days of this year. On Monday, the government-run gold bond scheme will open for subscription for a period of five days till September 4. That means the gold bonds will be no longer available until next financial year. This will be the sixth tranche of the Sovereign Gold Bond (SGB) 2020-21 programme, subscription under which first opened in April this year. -
Petrol, Diesel Rates Unchanged In Metros
Edited by Sandeep Singh (with inputs from agencies) | Saturday August 29, 2020Currently, petrol and diesel prices vary in different parts of the country due to factors such as crude oil and foreign exchange rates, and local taxes. -
How To Know Current Petrol And Diesel Prices Through SMS
Edited by Sandeep Singh | Saturday August 29, 2020A user can find information on latest petrol and diesel prices applicable in different parts of the country by sending an SMS in a particular format suggested by Indian Oil. -
Government Asks States To Borrow Rs 2.35 Lakh Crore To Meet Tax Shortfall
Reuters | Saturday August 29, 2020, New DelhiFinance Minister Nirmala Sitharaman said she had asked her counterparts at state level to borrow up to Rs 2.35 lakh crore from the market to help close the fiscal gap. -
India's Kharif Crop Plantings At Record High Amid Plentiful Monsoon Rains
Reuters | Saturday August 29, 2020, New DelhiThe farm ministry could revise its preliminary planting figures, however, as more data flows in from states. -
Gold Price Jumps Over 2% On Weakening Dollar, US Monetary Policy Shift
Reuters | Saturday August 29, 2020Low interest rates tend to support gold, which is a hedge against inflation and currency depreciation. -
Rupee Posts Biggest Weekly Gain In 20 Months
Reuters | Saturday August 29, 2020, MumbaiThe currency had been trading in a tight range until this week, as the Reserve Bank of India was seen regularly buying dollars via state-run banks to prevent a sharp appreciation in the rupee. -
India Gold Discounts Hit 5-Month High As Easing Price Fails To Push Demand
Reuters | Saturday August 29, 2020, Mumbai/BengaluruA Mumbai-based dealer with a bullion importing bank attributed the higher discounts to rising scrap supplies amid low demand. -
Banks Appointment Panel Recommends Dinesh Kumar Khara For SBI Top Job
Reuters | Saturday August 29, 2020, MumbaiDinesh Kumar Khara took up his current role in August 2016 for a three-year period, which was extended for another two years last year. -
Accelerating Ease Of Doing Business, Insurers Must Make Claims Painless: Government
ANI | Saturday August 29, 2020, New DelhiMinister of State for Finance and Corporate Affairs Anurag Thakur said that the post-COVID world will be very different and India's insurance sector must gear up to seize the moment. -
Top Court To Hear Fresh Plea On Extension Of Loan Moratorium Till Year-End
Edited by Abhik Deb (with inputs from agencies) | Friday August 28, 2020A three-judge bench ordered tagging of the fresh plea filed by lawyer Vishal Tiwari with the earlier pending petition on the issue -
Banks Board Bureau Recommends Dinesh Kumar Khara As Next SBI Chairman
Edited by Abhik Deb | Friday August 28, 2020The bank is currently headed by Rajnish Kumar, whose tenure is slated to end on 7 October -
Recovery Hopes For Economy Dashed Due To Rapid Surge In Virus Spread: Poll
Reuters | Friday August 28, 2020The Indian economy likely contracted by 18.3 per centin the first quarter this year, according to a poll of economists
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