The issue for the secured redeemable non-convertible debentures (NCDs), bearing a coupon rate of 7.10 per cent per annum, will open for subscription on November 11, 2021, and close on the same day.

Net Profit of Rs 2,088 crore in the quarter ended September 2021 from Rs 1,679 crore a year earlier. Other income increased to Rs 3,579 crore from Rs 2910 crore last year.

The accumulative advantage that drives the Pareto principle or the 80/20 rule that we are familiar with. 1 per cent improvement sustained over a long period can be the real cutting edge for organizations and individuals as well. What applies to day-to-day life applies to fund management as well.

The move comes at a time when digital gold is gaining importance in the Indian market and is becoming a hit with millennials, primarily due to ease of investing. One can invest digitally without any hassle and purchase 24K pure gold with even Re 1.

Nifty50 approaches the weekly options expiry on Thursday. And the data does not offer any major directional cues. It largely hints at Nifty staying within a broadly defined range.

Bulk of the investors about 70 per cent or even more have invested about Rs 1000-Rs3000, perhaps there is an effort to enroll as many people as possible, Das said.

The Dow Jones Industrial Average fell 20.73 points, or 0.06 per cent, at the open to 36,299.25.

While the over-Rs 18,000-crore stock offering managed to sail through on the final day of the issue, domestic mutual funds cumulatively bid for merely 348,828 shares of the 48.4 million on offer to investors. This was one of the lowest participation from mutual funds in an IPO in recent memory.

The calamitous decline in steel futures in China because of a rapidly slowing Chinese economy is raising concerns of a similar scenario in India. While steel companies did raise prices again earlier this month, some analysts are skeptical about how long they will be able to sustain it.

As of now, brokerages offer trading and demat account opening facilities to NRIs only as a single category and not linked to an NRE and NRO accounts but a single savings/current account.