FDI

DPIIT Secretary Clarifies India’s Stance on Chinese FDI: No Policy Shift, Case-by-Case Basis

The Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) emphasized that every investment from China will continue to undergo rigorous checks, with no plans to ease Foreign Direct Investment (FDI) norms for countries sharing a land border with India. Rajesh Kumar Singh, the Industry Secretary, dismissed speculation about a change in…

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Dividend

Unveiling RBI’s Revised Norms: Eligibility Criteria and Board Oversight for Bank Dividend Declarations

The Reserve Bank of India (RBI) has taken a significant stride in shaping the landscape of dividend declarations by banks. In a recent development on January 2, the RBI released draft norms, offering a comprehensive framework outlining the eligibility criteria and guidelines for board oversight in the process. Evolution of Guidelines Previously, banks declared dividends…

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LIC

Scaling New Heights: Join the Excitement as LIC Soars 5% and Achieves a 52-Week Peak, All Thanks to the Revised Minimum Shareholding Rule!

Unlocking Potential: Government’s Strategic Move Spurs LIC’s Bullish Rally In a significant turn of events, LIC shares experienced an impressive surge of over 5%, reaching a 52-week pinnacle on December 22. This remarkable upswing came in the wake of the government’s strategic decision to grant LIC a one-time exemption, allowing the insurer to achieve a…

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Ajay Piramal

Unveiling Ajay Piramal’s Exceptional Wealth Creation Journey

Ajay Piramal’s Remarkable Financial Triumph In the realm of financial success, few stories are as captivating as Ajay Piramal’s journey. Over the past 23 years, investors in Piramal’s flagship company have experienced a remarkable 28% average annual growth in their investments, dwarfing the Sensex’s 17%. The significance of compounding money at 28% annually versus 17%…

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Nifty

Top 5 Nifty Outperformers and Underperformers of FY24

Nifty Soars: FY24 Witnesses Remarkable Performance The financial year 2023-24 marked an exceptional period for the Indian stock market, with the Nifty showcasing outstanding growth. Garnering over 30 percent returns, this fiscal year proved to be the most lucrative since 2010. A significant majority, approximately 48, of the Nifty 50 stocks demonstrated positive returns, reflecting…

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