Page 49 - Ortfolio Allocation News Today

The last month of 2023 turned out to be a mixed bag for automobile makers in India, as some logged volume growth while some others saw negative sales.

The Unified Payments Interface (UPI) rules have gone through some key changes in the New Year to improve online banking and payment transaction experiences.

The Life Insurance Corporation of India (LIC) has received a demand order for collection of GST along with interest and penalty for the state of Maharashtra to the tune of Rs 806 crore.

On Tuesday, 1992 stocks advanced, 1811 declined and 126 remained unchanged, with an advance decline ratio of 1.09 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

In some bad news for Elon Musk, global investment firm Fidelity has marked down its investment in Musk-run X Holdings (the parent company of X) by a whopping 71.5 per cent from the original value.

Vijayvargiya gets urban admin; Patel rural development; Devda retains finance

Indias Financial Intelligence Unit has issued show-cause notices to nine offshore virtual digital asset service providers, including Binance, for operating in the country without complying with the money laundering laws, the Finance Ministry said on Thursday.

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The Reserve Bank of India (RBI) has given its approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC) and ICICI Prudential Life Insurance Company Limited (I-Pru Life) to acquire “aggregate holding” of up to 9.95 per cent of paid-up share capital or voting rights in RBL Bank Limited.

Mahindra Logistics Ltd (MLL) has been struggling to post profits due to multiple loss-making acquisitions in the recent past. Efforts to turnaround these businesses are continuing and better prospects are expected in the next financial year.