Sebi on Thursday proposed to allow REITs and InvITs to issue depository receipts to provide foreign investors an opportunity to participate in the units of Indian emerging investment instruments. This will be beneficial for foreign investors as depository receipts (DR) avoids the need to trade directly with the Indian stock exchange, the Securities and Exchange Board of India (Sebi) said in a…

Monetary policy, interest rate actions had short-term impact on net interest income, says mortgage major

The country's Fast-moving consumer goods (FMCG) industry witnessed a consumption slowdown in the December quarter, with an overall "negative" volume growth, as consumers continue to reel under inflationary pressure, says a report. According to the report released by data analytics firm NielsenIQ on Thursday, in October-December, the FMCG industry grew 7.6 per cent in terms of value but its volume…

Union Minister for Home and Co-operation Amit Shah will be visiting Puttur in Dakshina Kannada district to participate in a co-operative convention on February 11. The convention is being held at Puttur in connection with the golden jubilee celebrations of the central arecanut and cocoa marketing and processing co-operative limited (CAMPCO). The event will be held at the Vivekananda educational…

Special rocks from which the idol of Lord Ram will be carved out and placed in the sanctum sanctorum of the Ram Temple has arrived from Nepal, a senior functionary of the temple trust here said. The rocks or 'shilas' arrived here late on Wednesday night. Special prayers were held on Thursday afternoon following which the rocks were presented to the Shri Ram Janambhoomi Teerth Kshetra Trust.…