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Services exports may rise to $800 bn by 2030: Goldman Sachs report
Tue, Apr 30, 2024     Source : Economic Times
India's services exports will increase to $800 billion by 2030 from $340 billion in 2023, making the external sector resilient to supply-side shocks and reducing rupee volatility, Goldman Sachs said in a r...
NEWS
Nifty can hit 100,000; mid, smallcaps are a real pot of gold: Vikas Khemani
Tue, Apr 23, 2024     Source : Business Standard
By 2035, India's market-cap can touch $18-20 trillion as compared to around $4 trillion right now, Vikas Khemani said in this interview.
NEWS
RBI’s gold purchase highest in almost two years
Fri, Mar 15, 2024     Source : Financial Express
The RBI started buying gold from the calendar year 2018. Before that, it had purchased 200 tonne in 2009 during the global financial crisis.
NEWS
Finmin asks PSU banks for comprehensive review of their gold loan portfolio
Thu, Mar 14, 2024     Source : Economic Times
The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government.
NEWS
RBI asks for info on gold loan frauds
Wed, Mar 13, 2024     Source : Economic Times
The Reserve Bank of India has asked banks to share with it information on frauds reported in gold loans, actions taken by them to recover the money and defaults in the portfolio, said people with knowledge...
NEWS
PSU banks ordered to test purity of gold loan book
Sat, Mar 09, 2024     Source : Economic Times
The finance ministry ordered state-run banks to review gold loan processes amid fears about risky debt given a rally in prices of the metal, said people familiar with the matter.
NEWS
IIFL Finance plunges 20% post RBI ban on gold loans
Wed, Mar 06, 2024     Source : Economic Times
Shares of IIFL Finance plunged 20% Tuesday, the lowest tradeable limit of the day, after the Reserve Bank of India asked the company to stop disbursing and sanctioning gold loans with immediate effect on M...
NEWS
RBI bars IIFL Finance from sanctioning and disbursing gold loans
Tue, Mar 05, 2024     Source : Business Standard
Move after no corrective action to address norm breach; ban to be reviewed after special audit; 2,721 gold loan branches manned by 15,000 employees
NEWS
RBI’s gold purchases in 2023 fell to lowest level in 6 years
Wed, Feb 14, 2024     Source : Economic Times
The Reserve Bank of India’s gold purchases in the last calendar year fell to their lowest levels since the central bank started accumulating the yellow metal in 2017 amid a strong US dollar.
NEWS
Govt raises import tariffs on gold, silver to curb surge in shipments
Wed, Jan 24, 2024     Source : Financial Express
Gold imports spiked 95% to $7.2 billion in October, causing the merchandise trade deficit to rise to an all-time high monthly figure of $31.46 billion.
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Will Midcaps outperform Large caps in 2020?
Feb 17 , 2020
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