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A Fund of Fund invests in other schemes. Invesco’s blockchain fund is structured to invest in an Ireland-domiciled ETF (exchange traded fund), which bet on listed equities of companies in developed and emerging markets that participate in the blockchain ecosystem. The fund had got approval from markets regulator SEBI.

At this point, we are evaluating and have appointed the best of advisors and they will come out with the entire plan. Very soon, we will announce the full scheme, Anil Agarwal said.

On October 8, the Tata group owned Talace Pvt Ltd won the bid to own 100% of Air India and its subsidiary Air India Express. The transaction awaits cabinet approval and the acquisition is scheduled to take effect at the end of the year.

If the deal goes through it will be the largest investment for the food delivery platform. New round likely to value Grofers at $1.5 billion; will intensify battle with Swiggy’s Instamart

The industry is expected to register a growth of 20-22% in the current financial year over a low base of FY21, said Girish Wagh, head of the commercial vehicles business unit at Tata Motors.

U.S. oil was under pressure on Thursday, adding to an overnight plunge on a Reuters report that the United States was asking major oil consumers like China and Japan to consider a coordinated release of oil reserves to lower prices. The bid by the U.S. administration to shock markets comes as inflationary pressures, partly driven by surging energy prices, starts to produce political backlash, as the world fitfully recovers from the worst health crisis in a century.

Markets will await the listing of One97 Communications, the parent company of Paytm and Sapphire Foods India, the operator of KFC, Taco Bells and Pizza Hut.

Whereas the bank reported gross non-performing assets (NPAs) at Rs 9,334 crore, the Reserve Bank assessed it at Rs 9,363 crore, thus leading to a divergence of Rs 29 crore.

Ravi Goyal, chairman & managing director of AGS, told PTI that the company has Rs 1,100 crore mostly long term debt, and post-IPO, it will come down to around Rs 500 crore as they will pay back Rs 600 crore and the remaining Rs 200 crore will come to the company.

Bharat Singhania today sold 80,000 shares of ABC India at Rs. 100 apiece through a bulk deal on the BSE.