The regulator has also suggested that a Collective Investment Management Company or its promoters should meet certain criteria with respect to track record and net-worth
This reflects the fall in the valuation of reserves held in other global currencies. RBI does not give any reason behind the rise or fall in reserves.
High-value debt-listed entities are those entities that have listed non-convertible debt securities and an outstanding value of such securities are Rs 500 crore and above.
Sanathan Textiles plans to raise Rs 500 crore via fresh issue of equity shares and there will be an offer for sale of up to 11,400,000 equity shares by the promoters.
According to reports, the marketplace is slated to launch later this year
Market experts believe that crypto adoption could rise exponentially, with the asset class likely to give better returns over the next 10 years compared to gold and equities.
The pan-European STOXX 600 edged 0.2% lower by 0819 GMT. Chemical and travel stocks were among sectors most under pressure, declining for a second straight session.
In the international market, gold was trading lower at USD 1,789 per ounce and silver was flat at USD 22.08 per ounce.
Private banking names were in demand, driving indices higher. Buying was also seen in consumer-focussed companies. Though selling at high levels indicates traders are still cautious.
"Ola at 25%, has the lowest ARAI variation. The variation is normal, ARAI certification is the law; that is what we have to claim. So while, the ARAI data is 181, in the real world we are at 135. That is just a 25% variation while for everybody else it is in 30-40% range."
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