Central Bank of India's shares surged 4.7% after the Reserve Bank of India approved its entry into the insurance business through a joint venture with Generali Group, subject to certain conditions. The bank's shares quoted Rs 54.8 per share, with PSU stocks also surging after the BJP-led alliance's victory in the Maharashtra Assembly elections.
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Edelweiss Financial Services Ltd. has hired Nomura Holdings Inc. to help find a buyer for a minority stake in its mutual fund business, according to people familiar with the matter. The Mumbai-based financial services group is exploring a sale of a 25% to 35% stake in the unit, the people said, asking not to be identified because the deliberations are private.
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Gold and Silver Prices Today: Gold prices experienced a minor decline on Monday. The price of 24 carat gold is Rs.7980.3 per gm, decreasing by Rs.10.0. Similarly, the cost of 22 carat gold is Rs.7316.3 per gm, also down by Rs.10.0. The price change in 24 carat gold over the last week has been -3.18%, while it has increased by 1.85% over the past month.
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