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Aster will be investing around Rs. 140 crores on the proposed tertiary care hospital which will be situated in the Kasaragod district of Kerala, catering to patients from Malabar and Southern Karnataka. Aster aims to begin its operations at the new hospital in FY25.

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Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1717879.79 Crore) operating in Diversified sector.

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Qualified bidders are said to have requested for more time to do due diligence on the vessel operator, these people said. The bidders have not been able to carry out physical inspection of ships, according to the people cited earlier.

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NFTs, or non-fungible tokens, are unique digital items stored on a blockchain, the same network that runs cryptocurrencies. Anything digital - images, videos, music, even the online version of this article - can be converted into an NFT and monetised.

Gold prices flat as firmer US yields hurt appeal

Updated at : 2022-01-18 08:25:03

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Gold prices were flat on Tuesday as a weaker dollar partially offset pressure from elevated U.S. Treasury yields, which dim the appeal of a non-yielding bullion. Spot gold held its ground at $1,818.87 per ounce, as of 0022 GMT. U.S. gold futures edged up 0.1% to $1,818.50.

The yen edged higher ahead of the outcome of a central bank policy meeting on Tuesday, while the dollar seemingly ignored U.S. Treasury yields hitting new near two-year highs on their return from a long weekend break.

Mutual Funds step up cyclical bets on recovery signs

Updated at : 2022-01-18 07:25:03

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The domestic mutual funds increased exposure to cyclical sectors including banking, capital goods, retail, and automobiles in December amid ebbing risk of the third wave of the pandemic to the GDP growth.

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The fund house is said to have already written down the full value of an estimated portfolio of about Rs 1,250 crore of Vi papers before any redemption. The value to those securities became nil after being separated from other financially stable portfolios.

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PLI was the first and the largest in a series of such schemes launched by the government to make India a manufacturing hub, aiming to wean away manufacturers mainly from China.

In another transaction, Nomura Singapore acquired 50 lakh shares of Seacoast Shipping Services at Rs 19.71 apiece, bulk deal data published by BSE showed. The stock ended up by 8 per cent on the exchange.

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