The regulator in its board meeting held on Thursday announced a set of measures to provide flexibility to the existing LC framework. It had issued a consultation paper in August this year on ‘Review of framework for borrowings by Large Corporates’.
The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.
Firm valued at more than Rs 7 trillion
The SEBI Chairperson said the regulator is looking at an architectural shift to help industry implement its various circulars.
State-owned firm to sign lithium pact with Argentina: ReportKABIL, a state-owned joint venture formed to scout for minerals overseas, will “shortly” sign an agreement with Argentina to secure a few lithium blocks.
Aviation regulator DGCA will examine documents submitted by Go First related to the revival plan and will also conduct an audit on operational preparedness before allowing the carrier to restart operations.
The Indian economy will grow at around 6.5 per cent in the current fiscal, notwithstanding high crude oil prices and increased uncertainty due climate changes, NITI Aayog member Arvind Virmani said on Thursday.
On June 27, SAT had reserved its order on petitions filed by Chandra and Goenka.
As regards maturity, RBI said the minimum tenor of a GSL transaction would be one day and the maximum would be the maximum period prescribed to cover short sales.
Dhanteras 2023 Gold Silver Rate in India: The opening price for 999 purity gold on Friday was Rs 60,117 per 10 grams, Rs 20 higher from Thursday’s closing price of Rs 60, 097, while that of 999 purity silver was Rs 70,100 per kg, Rs 200 lower than closing price of Rs 70,300.