Mon, Aug 22, 2022 4:50 PM
Solana is currently trading at $34.69, moved down by 3.38% in last 24h
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Vedanta share price jumped to fresh 52-week highs at Rs 394.75 a day after Anil Agarwal said that his group’s flagship company - Vedanta Resources - will be achieving an annual operating profit of $7.5 billion within the next two years. The 50% jump in EBITDA is on the back of the group’s demerger plan, which includes reorganising Vedanta into six separate entities based on their sectors.
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The Association of Mutual Funds in India (Amfi) and Boston Consulting Group (BCG) published a report in August 2019 titled Unlocking the ₹100 Trillion Opportunity. The mutual fund (MF) industry had under ₹25 trillion of assets under management (AUM) in July 2019. We have come a long way since then. The industry's AUM has more than doubled to ₹55 trillion as of March 2024.
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The Reserve Bank of India (RBI) is apparently getting strict with payment aggregators (physical) with introduction of new draft regulations, which stipulate that the non-banking entities which fail to apply for authorisation and are unable to maintain the net worth of ₹15 crore at the time of applying will have to close their business down by July 31, 2025.
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