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GIC Re’s scrip flares up to touch 52-week high of Rs 467

Feb 8, 2024

Chennai, Feb 8 (IANS) The national reinsurer General Insurance Corporation of India’s (GIC Re) scrip flared up to reach a 52 week high of Rs 467 on Thursday and came down later. The scrip opened at Rs 392.30 and shot up to Rs 467. The scrip then came down to change hands for about Rs 454.On Wednesday, the GIC Re scrip closed at Rs 404.25. The…

RBI makes Key Fact Statement a must for retail and MSME loans

Feb 8, 2024

Mumbai, Feb 8 (IANS) The RBI on Thursday announced that it is mandatory for regulated entities such as NBFCs to provide ‘Key Fact Statement’ (KFS) in a simple format to borrowers for all retail and MSME loans.This would provide critical…

Business

RBI to review regulatory norms for Electronic Trading Platforms

Feb 8, 2024

Mumbai, Feb 8 (IANS) The RBI announced on Thursday that it has decided to review the regulatory framework for Electronic Trading Platforms (ETPs) and the revised regulatory framework will be issued separately for public feedback.The review…

Business

RBI allows hedging of gold price risk in IFSC

Feb 8, 2024

Mumbai, Feb 8 (IANS) The Reserve Bank of India (RBI) has decided to allow hedging of gold price risk in the Over the Counter (OTC) Market in the International Financial Services Centre (IFSC).The step has been taken with a view to providing…

Business

Warner Music Group to cut 600 jobs to invest more in music

Feb 8, 2024

San Francisco, Feb 8 (IANS) Global music entertainment company Warner Music Group has announced to lay off 10 per cent of its workforce, or about 600 employees, in order to free up more money for music investment across the next decade.…

Business

Sensex tanks more than 600 points after RBI credit policy

Feb 8, 2024

New Delhi, Feb 8 (IANS) BSE Sensex tanked more than 600 points after RBI announcement of credit policy with banks leading the fall.Sensex was trading at 71,523.08 points down by a massive 628.92 points or 0.87 per cent.Axis Bank, ICICI…

Business

RBI leaves repo rate untouched at 6.5% for 6th time in a row

Feb 8, 2024

Mumbai, Feb 8 (IANS) The RBI on Thursday left the repo rate unchanged at 6.5% for the sixth consecutive time as part of its policy to keep inflation in check and at the same time spur growth in the economy. Five out of six members of…

Business

Disney to invest $1.5 bn in Epic Games to create games, entertainment universe

Feb 8, 2024

San Francisco, Feb 8 (IANS) Entertainment giant Disney has said that it will invest $1.5 billion to acquire an equity stake in the 'Fortnite' maker Epic Games and work with the game developer to create a "games and entertainment…

Business

Essar’s sustainability initiatives propel India’s energy transformation

Feb 8, 2024

New Delhi, Feb 8 (IANS) Essar, a prominent player in India's energy landscape, is charting a new course towards sustainability. At the recent India Energy Week, the company unveiled an ambitious plan to reshape the nation's energy…

Technology

Kinetic Green launches E-Luna,

Feb 7, 2024

New Delhi, 07th February 2024: Kinetic Green, a leading manufacturer of electric vehicles in India, proudly introduced the highly anticipated E-Luna today, a stylish, multi-utility electric two-wheeler with advanced technology and features,…

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