Gold and silver ETFs fell on talk of a duty cut
Funds dropped as much as 2.3 percent on Thursday. Global prices barely moved.
Read →August IPOs raised over Rs 21,000 crore
Twenty companies made August the busiest IPO month in a year. July still leads on cash raised.
Read →Sugar is up about a third this year
Retail averaged about Rs 62.47 a kilo on 23 August. Delhi shops have seen Rs 65-70. Duty-free imports of 10 lakh tonnes are open till 31 October.
Read →UPI turned 10. It is in 11 countries. July was Rs 29.88 lakh crore.
The finance ministry put out the anniversary numbers on Monday. The IMF already calls it the world's largest real-time rail.
Read →Gold hit a three-month high before the Fed speaks
Spot gold was $4,636 an ounce on Monday, the highest since May, with US inflation data and Jackson Hole still ahead.
Read →RBI will shut the FCNR swap on 31 August after $72.8 billion
The June window was meant to run to 30 September. FCNR brought $65.4 billion. ECB and OFCB stay open till 31 December.
Read →India opened a Rs 62,500-crore mobile manufacturing scheme on Friday, backdated to April
MeitY wants cumulative production near Rs 40 lakh crore by 2030-31. A second track is reserved for Indian-owned brands that keep their IP here.
Read →India logged nearly Rs 4,900 crore of FDI after easing rules for Chinese-linked firms
29 proposals since May, on the automatic route, from investors who are not themselves based in China.
Read →Exporters can now invoice in rupees without losing Foreign Trade Policy benefits
DGFT aligned the 2023 policy with RBI rules on Thursday. GTRI says buyers still have to find rupees, and banks still have to hold them.
Read →Income tax is checking 394 firms that sent large sums abroad on tiny reported turnovers
A CBDT exercise also covers 36 professionals. The Economic Times puts the wider trail at ₹1.29 lakh crore.
Read →Disney and ABC sued the FCC, calling an early licence review a retaliatory campaign
Eight ABC-owned stations were told to renew years early. The licences were not due until 2028.
Read →Listed companies grew June-quarter revenue at the fastest pace in years, and still lost margin
ET's sample rose 19.4 percent. Business Standard's rose 18.4 percent. In both, input costs did the damage.
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