The next tranche of Sovereign Gold Bonds will be open for subscription from February 12-16 at Rs 6,263 per gram. Investors applying online and paying digitally will get a discount of Rs 50 per gram with an issue price of Rs 6,213. These bonds can be used as collateral for loans and follow the same KYC norms as physical gold. The scheme aims to reduce demand for physical gold and encourage.

Chhattisgarh's finance minister Choudhary presented a budget of ₹1,47,446 crore for 2024-25. The budget aims to achieve the goal of making India a $5 trillion economy and a developed nation by 2047. The budget focuses on inclusive development, infrastructure growth, and employment generation. The state government also plans to double the state GDP in five years and has increased the agriculture.

The next tranche of SGB, Series IV, will be open for subscription from Feb 12-16 at Rs 6,263 per gram. Online investors paying through digital mode can get a discount of Rs 50 per gram. The bonds will be sold through designated channels and the price is based on the closing price of gold. Investors will receive a fixed interest rate of 2.50% per annum and can use the bonds as collateral for loans.

Nifty on Friday ended 65 points higher and found support at 20-DMA to form a small body-positive candle with minor lower shadow on the chart to signal buying at lower levels. Overall uptrend status of Nifty remains intact and there's a possibility of further upside towards 22,000 levels in near term. Any dips down to 21,600-21,500 levels could be a buying opportunity, said Nagaraj S. of HDFC Sec.

In the fourth quarter, PepsiCo's profit increased due to lower charges, but revenue dropped slightly. The company plans to raise its dividend by 7% and buy back $1 billion in stocks. Despite beating analysts' expectations, revenue decreased and there has been pushback over high prices. However, the company expects prices to align with inflation in the future.

The Board of Directors of Rane (Madras) Limited (RML), Rane Brake Lining Limited (RBL) and Rane Engine Valve Limited (REVL), at their respective meetings on February 9, have approved the proposed reorganisation through a merger of RBL and REVL into RML. The merger significantly simplifies the group structure by consolidating listed operating companies and aligns public shareholders’ interest.

Chennai-headquartered tyre company MRF Ltd reported a consolidated profit after tax of Rs 509.71 crore in the October-December quarter of 2023, a significant increase from the same quarter last year. The company's total income also saw a rise, leading to a declaration of a second interim dividend for the financial year ending March 31, 2024.

A day after the Reserve Bank of India (RBI) strongly defended its action against Paytm Payments Bank Ltd (PPBL) citing repeated non-compliance, the Board of One 97 Communications (OCL) on February 9 announced the creation of a high profile panel that consists of former regulators and banking industry veterans. The panel will advise the embattled PPBL on compliance and regulation.

The Reserve Bank of India (RBI) on February 9 said it has cancelled the certificate of registration of three non-banking finance companies (NBFC). These three NBFCs are Bharathu Investment & Finance India, Cox & Kings Financial Service, and PSPR Enterprises Pvt Ltd. In a separate notification, RBI said nine NBFCs and one housing finance company surrendered their licence.

Hindustan Unilever's CEO, Rohit Jawa, believes that India's tech stack has transformed the country and digitisation has democratized it, boosting growth. He sees a future where technology will continue to drive innovation and efficiency in all industries. The company has utilized data analytics and algorithms to create tailored products, increasing customer satisfaction and brand loyalty.

Bandhan Bank, a private sector bank based in Kolkata, reported a significant increase in net profit to Rs 733 crore for the third quarter of FY2023. The bank's interest income and net interest income also improved, while gross NPAs decreased. However, provisions and contingencies saw a decrease and the capital adequacy ratio declined.

The RBI has increased the remuneration limit for Non-Executive Directors of banks to Rs 30 lakh per annum. However, private sector banks must obtain regulatory approval before determining the remuneration for part-time Chairmen. The ceiling was previously set at Rs 20 lakh per annum and may be further lowered based on factors like bank size and NED experience.

Hindustan Unilever's CEO Rohit Jawa discussed the company's success in homecare, with a focus on customer convenience and product quality. He highlighted the popularity of fabric conditioners, even in rural areas. The company aims to replicate this success in beauty care and packaged foods, diversify its portfolio, and establish itself as a market leader in multiple categories.

Anil Agarwal's Vedanta Resources has successfully extended the maturity of $3.2 bn in bonds to 2029, with repayment completed on February 7, 2024. The company received a $1.2 billion loan from private credit funds to partly repay these bonds, and also secured a $1.25 billion refinancing and new credit facility. This will help spread out debt maturities, as part of the Vedanta Group's demerger.

The government announces that the third edition of India Energy Week 2025 will be held in New Delhi from Feb 11-14. The second edition, held in Goa, was attended by energy ministers and leaders from major companies. PM Modi announced a large allocation for the energy sector in the Interim Budget. A deal was signed with Qatar for LNG supplies and agreements were made to set up CBG plants.