Finmin appoints SBI Chairman C S Setty, Uday Kotak as governing council members of NIIF Trustee – Times of India

Finmin appoints SBI Chairman C S Setty, Uday Kotak as governing council members of NIIF Trustee – Times of India

NEW DELHI: The Finance Ministry on Tuesday inducted two new members in the governing council of the National Investment and Infrastructure Fund Trustee Ltd (NIIFTL) which provides strategic guidance on a number of matters including investment of the corpus of NIIF. The new members are SBI Chairman C S Setty who replaced his predecessor Dinesh…

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India becomes second largest buyer of gold after Poland in 2024: World Gold Council – Times of India

India becomes second largest buyer of gold after Poland in 2024: World Gold Council – Times of India

NEW DELHI: Global central banks remained active in the gold market in November 2024, collectively adding 53 tonnes of the precious metal to their reserves, according to the World Gold Council.This sustained buying trend reflects the growing preference for gold as a stable and secure asset amidst global economic uncertainties.India’s year-to-date purchased 73 tonnes of…

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Services sector registers strongest growth in four months, boosted by rising demand and lower inflation – Times of India

Services sector registers strongest growth in four months, boosted by rising demand and lower inflation – Times of India

NEW DELHI: India’s services sector growth reached a four-month high in December, driven by a surge in new business inflows on strong demand conditions, and a reduction in inflationary pressures, according to a monthly survey released on Monday.The seasonally adjusted HSBC India Services Business Activity Index rose to 59.3 in December, up from 58.4 in…

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