The biggest bullion-importing bank in India plans to team up with jewellers for the first time to offer a gold deposit scheme, hoping ease of access and attractive interest rates will tempt people to part with their jewellery and relieve tight supplies.
Change in strategy to reduce cost, as prices and cost of funds increase, with lease charges being much cheaper than purchase
Eighteen multi-national companies have been slapped show cause notices for alleged violation of Foreign Exchange Regulations involving over Rs 170 crore.
According to Reliance Money officials, the company offers 5 gm and 8 gm coins now but plans are in the offing to launch 0.5 gm, 1 gm and 2 gm coins, said
Household income in India, which had only about seven million private cars in 2004, is advancing at a two-digit pace
The first tranche was raised a few weeks ago and the company was looking to raise more if needed.
The underperforming metal for 2017 expected to return 17-20%
Telecom operator Reliance Jio Infocomm has arranged credit facilities worth $1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.
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