The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode. As per a statement from the Finance Ministry, for investors using the digit mode for subscription, the issue price of gold bond will be Rs 5,054 per gram of gold. Otherwise, issue price of the bond during the subscription period will be Rs 5,104 per gram. In terms of an October 9, 2020, notification, Sovereign Gold Bonds 2020-21 (Series X)…

Seven of the top-10 most valued Indian firms together added Rs 1,37,396.66 crore in market valuation last week, with Tata Consultancy Services (TCS) emerging as the biggest gainer. Besides TCS, other winners on the top-10 chart were HDFC Bank, Hindustan Unilever Limited (HUL), Infosys, HDFC, ICICI Bank and Bharti Airtel. In contrast, Reliance Industries Limited (RIL), Kotak Mahindra Bank and Bajaj Finance registered decline in their market capitalisation (m-cap). The valuation of TCS rose by Rs 72,102.07 crore to Rs 11,70,875.36 crore, while industry peer Infosys added Rs 21,894.28…

Three ways to stand out in the online market.Free Book Preview: Coach ’Em Way Up Discover how to be an influential mentor through tips and advice based on the teachings of respected basketball coach John Wooden. January 9, 2021 4 min readOpinions expressed by Entrepreneur contributors are their own. Fit in, or stand out? Serve existing markets, or serve those in untapped markets? As the online marketplace becomes increasingly saturated for entrepreneurs, and the amount of information available to us online leaves us feeling increasingly overwhelmed, we reach a point where we have no choice but to pull…

The United States, like much of the rest of the world, has an extremely long way to go to achieve gender equality in the workplace. The latest pyramid showing where women are in the hierarchy of S&P 500 companies, from the nonprofit organization Catalyst, reveals that although women make up nearly half of the total S&P 500 workforce, they hold only about one-fifth of board seats, 11 percent of top-earning jobs, and 6 percent of CEO positions. So to many people, it comes as a surprise when I share a question that I’m often asked by women’s groups inside businesses:…

Vedanta Resources launched an open offer for a 10{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942} stake in its India unit, two months after a failed delisting attempt for Vedanta Ltd. The London-based parent of Mumbai-listed Vedanta Ltd. will buy as many as 371.75 million shares, comprising 10{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942} of the outstanding equity of the Indian unit, according to an exchange filing Saturday. The open offer, which will be managed by JPMorgan Chase & Co.’s India unit, will be a voluntary open offer, with no minimum level of acceptance by Vedanta, according to the filing. If Vedanta Ltd. holders…

The future of leadership in a stay-at-home economy.Free Book Preview: Coach ’Em Way Up Discover how to be an influential mentor through tips and advice based on the teachings of respected basketball coach John Wooden. January 8, 2021 5 min readOpinions expressed by Entrepreneur contributors are their own. For the past ten years, I’ve been fortunate enough to work remotely and managed teams who do the same for over two decades. As a result I was prepared for 2020’s exodus from the office. I made the important decision to live in Northern California, away from the major tech…

The insurance regulator has maintained the obligatory cession of each general insurance policy that is to be reinsured with an Indian reinsurer at 5 per cent for the financial year FY21. “The percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian re-insurer(s) shall be 5 per cent in respect of insurance attaching during the financial year beginning from 1st April, 2021 to 31st March, 2022, except the terrorism premium and premium ceded to Nuclear Pool, wherein it would be made ‘NIL’. More importantly,…

Buoyed by global cues, the benchmark indices rose on Friday, marking their tenth successive week of gains, the longest such streak since June 2009. The benchmark Sensex gained 689 points, or 1.43 per cent, reaching a fresh record of 48,782 points, and the Nifty rose by 210 points to end the session at a record 14,347. Optimism surrounding the roll out of vaccines and hopes of more stimulus in the United States of America aided the rally. Investors seems to have been enthused by the roll out of Covid-19 vaccination drive in India and the formal…