The department of financial services (DFS) under the ministry of finance has issued a ‘written request’ to market regulator Securities and Exchange Board of India (SEBI) to withdraw its revised guidelines for treating all perpetual bonds to be considered as with 100-year maturity.
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With growing food and fuel prices, India s retail inflation increased in February as the Consumer Price Index rose to 5.03 per cent against 4.06 per cent in January.
The consumer food price index was at 3.87 per cent in February, in a steep rise from 1.96 per cent a month ago, showed data from the Ministry of Statistics & Programme Implementation.
The latest data gains significance as the February CPI is the last CPI inflation print before the RBI s monetary policy review.
The combined inflation rate for food and beverages was at 4.25 per cent and that of pan, tobacco and intoxicants was at 10.70 per cent in February 2021.
Nifty, Sensex reverses gains as the US premarket futures fall – Weekly closing report
Moneylife Digital Team
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We had mentioned in last week’s closing report that Nifty, Sensex will follow global cues on tech stocks. The major indices rallied this week but faced a correction on Friday ending the week with minor gains over previous Friday’s close.
On Monday, the indices opened higher but lost all gains and ended flat. On the NSE, there were 1,175 advances, 728 declines and 85 unchanged.
Muthoot Group Chairman MG George Muthoot was admitted to a hospital after falling from the fourth floor of his house in Delhi and was later declared dead.