RBI moves 100 tonnes gold from UK to its vaults in India

-
Reserve Bank of India has moved 100 tonnes of gold from the UK to its vaults in India, marking a significant shift in gold storage. The transfer was for logistical and storage diversification reasons.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qa5Wgoe

Comments

Post a Comment

Popular posts from this blog

ICICI sought to acquire HDFC, reveals chairman Deepak Parekh

-
Image
Deepak Parekh disclosed that Chanda Kochhar once suggested a merger between ICICI Bank and HDFC. Parekh declined the offer. He cited regulatory pressure as the main driver for HDFC's eventual merger with HDFC Bank. Parekh described the merger's conclusion as both sad and happy. He emphasized the need for larger Indian banks through acquisitions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/T7rinvo
Read more

Sony says no extension of merger deadline yet

-
Image
Sony's India unit is considering Zee's proposals for completing the merger. Sony Pictures Networks India has not agreed to a deadline extension requested by Zee, indicating that the merger may not be completed by the December 21 deadline. Legal cases against Zee and its promoters have been hindering the merger. Sony is required to start discussions about extending the deadline but has not yet agreed. The merger still requires approvals from the ministry of information and broadcasting and the registrar of companies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/J26qwV4
Read more