Sat, Jun 29, 2024 3:46 PM
Nvidia Just Split Its Stock -- Here's What It Means for Investors
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Australian home prices rose 0.7% in Jun, marking the 17th consecutive month of growth, despite high interest rates and a cost of living squeeze. National home prices are up 8.0% YOY. Tight supply levels are driving up prices, with Perth, Adelaide, and Brisbane seeing the largest monthly gains. The Reserve Bank of Australia has held interest rates steady at 4.35% for five straight meetings.
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SEBI proposes "MF Lite Regulations" to ease compliance for passively managed mutual fund schemes, reducing regulatory monitoring for fund houses that only offer passive schemes. Under the new framework, entities registered under MF Lite will have lower net worth and net profit requirements, with sponsors needing a positive net worth for five years and a minimum net profit of Rs 5 crore.
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IRCON International has appointed Hari Mohan Gupta as its new chairman and managing director, effective immediately. Gupta, an Indian Railway Officer, will serve until June 30, 2026, or until further orders. He brings extensive experience in track maintenance, project monitoring, and financing. Ashish Bansal has stepped down as CMD, and IRCON's share price rose 0.59% to close at ₹271.25 on Monday.
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