The Reserve Bank may transfer a lesser dividend to the government for FY'2023-24 compared to previous year's bumper Rs 87416 crore. An explainer on why the dividend will be lower. The budget estimates dividend transfer in FY'2024-25 at Rs 1.02 lakh crore from the Financial sector entities including the Reserve Bank and public sector banks.
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📌GIFT Nifty signals a positive start. 📌India VIX, which is a measure of the fear in the markets, rose 8.72% to settle at 14.62 levels. 📌Wall Street experienced a significant uptick, buoyed by a milder-than-anticipated employment report. 📌The rupee inched up 1 paisa to settle at 83.45 against the US dollar on Friday. 📌The FIIs turned to net short of Rs 46,719 crore.
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Buffett's remarks came at Berkshire's annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked him about the possibility of Berkshire exploring in India, the world's fifth-largest economy. "It is a very good question. I am sure there are loads of opportunities in countries like India," he said.
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