At a time when trade in offshore interest rate derivatives in Gujarat International Finance Tec-City (GIFT City) is gaining momentum, the International Financial Services Centres Authority is working on a proposal to let non-bank financial players set up shop as risk aggregators for small customers, the head of the regulatory body told ET.
Open FlipCreditors to defunct Go First Airlines are set to auction a prime 94-acre land parcel kept as collateral with them in Thane near Mumbai. The creditors have set around ₹1,960 crore as the reserve price for the property and a formal auction process is likely to start following newspaper advertisements as early as this week, people familiar with the process said.
Open FlipRail Vikas Nigam Ltd (RVNL) share price gained more than 15% during the intraday trades on Tuesday. With this the RVNL share price also scaled an all time high of ₹345.90 on the NSE on Tuesday. The RVNL share price with gains of more than 190% in a year has given Multibagger returns to the investors. The gains in RVNL share price on Tuesday was attributed to a large order win.
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