MUMBAI: Godrej Industries Group has launched its wealth management business, Godrej Wealth, through subsidiary Godrej Investments, with a target to build assets under management of Rs 1,00,000 crore by 2031 and expand to 35 locations over the next five years.The business will operate alongside Godrej Capital to form the group’s financial services arm, as it…
Mumbai: RBI has proposed sweeping changes to deepen debt markets, allowing corporate bodies to lend in the term money segment – long dominated by banks and primary dealers – while widening their access to govt securities market. It has also introduced total return swaps in credit derivatives, which transfer a bond’s entire return to the…
NEW DELHI: Congress termed the transfer of Central Board of Secondary Education’s (CBSE)’s top officials after the new On-Screen Marking (OSM) system row a “petty” move, calling upon the Union education minister to take responsibility.The opposition party accused Prime Minister Narendra Modi of “protecting” the education minister Dharmendra Pradhan.“The Modi government is completely engaged in…
NEW DELHI: The increase in pump prices by around Rs 5 a litre is only a dent to under-recovery given that oil companies are still losing Rs 13 a litre on petrol and Rs 38 on diesel, without factoring in taxes, resulting in heightened pressure on the states to lower VAT, which is as high…
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In recent days, petrol and diesel prices have gone up by around Rs 7.5 per litre, increasing daily costs for consumers. This has once again sparked a familiar debate, are oil marketing companies (OMCs) making windfall gains amid the Middle East crisis?At the centre of this discussion is a headline number, a combined profit of…
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File photo (Picture credit: PTI) NEW DELHI: Isro’s upcoming LVM3-M6 mission will place the BlueBird Block-2 satellite into orbit on December 24 as part of a commercial agreement with US-based AST SpaceMobile. The mission marks a significant step in global efforts to deliver high-speed mobile connectivity directly to smartphones using satellite technology.The BlueBird Block-2 satellite…
The United States has approved only one applicant so far under President Donald Trump’s ‘Gold Card’ visa programme. According to Commerce Secretary Howard Lutnick, the visa programme will offer US residency in exchange for a $1 million fee.Testifying before a US House committee on Thursday, Lutnick said that the identity of the approved applicant was…
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