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​​Reliance Power and CFM offered upfront cash, while NARCL’s offer is a combination of cash and security receipt. Early this month, CFM ARC improved its offer to `1,220 crore while Reliance Power made a revised offer of `1,260 crore. The offer by the promoter is backed by Varde Partners, which acquired a 15% equity stake in the company by infusing `930 crore in September last year. A Reliance Power spokesperson said: "We are committed to maximise the value for our lenders.

Such a dispensation from the RBI would provide some breathing room to the merged entity on the maintenance of the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) on its infrastructure and affordable-housing loan portfolio.

Coinswitch had earlier announced plans to offer conventional investment products like mutual funds, US stocks, etc., widening its scope beyond cryptocurrencies, which have taken a battering over the last few years.

​Nifty concluded last week with a 1.4% surge, extending its streak of eight consecutive weeks of new highs and record closing highs. The daily chart reveals a breakout within the 18,750- 18,350 range, indicating favorable conditions for continued bullish momentum as the index prepares to touch fresh all-time highs.

Gold has had a sharp rally in the last four years with domestic prices rising by 79%, In dollar terms, the rise was 46%. In the last one year, prices increased by 17.5% in rupee terms and 7.3% in dollar terms.

Junk-rated government dollar bonds from El Salvador to Nigeria and Turkey are outperforming this month as money managers take on risky bets in exchange for out-sized returns. The question now is whether orthodox policies can keep luring capital as major central banks reiterate their commitment to bring down inflation.

There was a huge demand in March. It was more opportunistic as we did not advertise. What is interesting is that below ₹5 lakh (sum assured) grew by 50% in March.

Indian markets closed higher on Friday, with the S&P BSE Sensex increasing over 400 points, and the Nifty50 closing above 18,800. Buying was seen in banks, capital goods, FMCG, and public sector stocks, while IT and realty stocks experienced selling. Three stocks, Data Patterns, Mazagon Dock Shipbuilding, and IDFC First Bank, either hit a 52-week high or saw a volume or price breakout. Data Patterns closed at an all-time high; Mazagon Dock Shipbuilding saw a Pole and Flag pattern breakout; and IDFC First Bank saw a rally above Rs 70.

Several largecap companies in India, including Hindustan Aeronautics, Bharat Electronics, PI Industries, Titan Company, Britannia Industries, Cholamandalam Investment and Finance Company, and ITC, broke their 5-year highs on June 16th, 2023. This showed their exceptional performance, reflecting a positive shift in market sentiment and increased investor confidence. These milestones also increase institutional investor and trader attention, leading to increased liquidity and trading activity. These companies operate in diverse sectors such as defense, agricultural, consumer goods, food processing, financial services, and conglomerate.

Tax-free bonds and tax savings bonds are investment options that offer tax benefits to investors in India. Tax-free bonds provide completely tax-free interest income, have a generally higher interest rate and no lock-in period, while tax savings bonds provide tax benefits on the principal amount, have a relatively lower interest rate, a 5-year lock-in period and the interest income is taxable. Moreover, Section 80CCF allowed taxpayers to claim deductions for long-term infrastructure bonds, but the option was terminated from FY2012-13. Finally, capital gains bonds offered by government-backed entities provide investors with the ability to invest capital gains from property sales and avoid paying taxes on such profits.