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Gold Prices Today, 1 September 2021: Gold prices trade flat; support at Rs 46800, analysts say buy on dips

Globally, yellow metal prices held steady as investors awaited the US jobs report Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading flat in India on Wednesday, following global rates as investors awaited a key US jobs report. On Multi Commodity Exchange, gold October futures were trading flat with a negative …

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PFRDA proposes to make eNPS mandatory for government employees by 1st April 2022 – Details

eNPS is the online platform wherein a subscriber can register and contribute online under NPS. Opening of National Pension System (NPS) account for central government employees and state government employees including employees of Autonomous Bodies may soon be mandatory through ‘eNPS-Government’ – a paperless account opening of NPS. PFRDA proposes to make the eNPS mandatory …

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Wipro, Coal India, Bank of India, Yes Bank, Maruti Suzuki stocks to remain in focus today

Analysts say that the 16980 levels would be a sacrosanct support level for the swing traders, and above the same, the uptrend momentum could continue up to 17200. Nifty futures were trading flat with a negative bias on Singaporean Exchange, suggesting a gap-down start for BSE Sensex and Nifty 50 on Wednesday. Investors will first …

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What’s missing in India’s growth strategy?

Inclusive growth is sustainable growth, as many large companies will recognise, if they are nudged towards that conclusion. India is at a crossroads in its path to economic success. Of course, this is a statement that seems appropriate every few years, but perhaps there is a more fundamental choice now than any that has been …

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Why stock exchange members can’t distribute digital gold

Most importantly, the restrictions based on an interpretation of a government rule are incorrect and need to be withdrawn. By Sandeep Parekh & Sudarshana Basu Through recent circulars issued by the NSE and the BSE, members of exchanges have been prohibited from distributing digital gold on their platforms from September. The missive comes on the …

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Supreme Court: Supertech’s twin towers to be razed

The two 40-floor towers to be demolished has a total of 915 apartments and 21 shops, of which 633 flats were booked by homebuyers. The Emerald Court House has 15 other towers, fully built with residents living here. Taking a stern view of the violation of building laws by builders, the Supreme Court on Tuesday …

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Property registrations in Mumbai see smart uptick 

The impact of Covid-19 pandemic seems to be waning on the real estate sector in Mumbai, as August property registrations have seen a smart uptick on a year-on-year basis as well as month-on-month. The good news is that a majority of these sales have been clocked in the month of August itself. This is in …

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LIC enters 66th year of existence

The pension & group superannuation business vertical crossed one trillion mark successively for two years in a row by collecting Rs 1,27,769 crore as new business premium income. Life Insurance Corporation of India (LIC), the country’s premier financial conglomerate with footprints in 14 countries across the world, will enter into the 66th year of its …

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Aug rainfall remains 24% below normal

A stalled monsoon for three weeks till July 11 had adversely impacted sowing, but there was a pick-up of the activities after that. Worries about patchy rains hitting the country’s food grain output and farmers’ income re-emerged after monsoon rainfall in crucial August remained 24% below normal. However, given that crop sowing until August 27 …

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Northern Arc raises $50m debt from JICA to cater to women borrowers

Since the onset of the Covid pandemic, the debt platform has raised funds from reputed international investors including USDFC, ADB, FMO and Calvert Impact Capital. Chennai-based debt platform Northern Arc Capital on Tuesday announced it has raised $ 50 million in external commercial borrowing (ECB) from Japanese International Cooperation Agency (JICA). JICA is Japan’s governmental …

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