SGB Delivers 41.6% Annual Returns
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🗞️ SGB Scheme 2017–18 delivers 41.6 percent CAGR
The Sovereign Gold Bond Scheme 2017–18 has delivered a 41.6% CAGR to investors, with redemption taking effect today as per RBI’s notification.
💬 Expert Take — “SGBs remain one of India’s most tax-efficient long-term wealth builders, outperforming most asset classes over the decade.”
🗞️ Tata, Cyient & Applied Materials to modernise India’s only chip fab
Tata Group, Cyient, and Applied Materials have secured a ₹4,500 crore mandate to upgrade India’s only semiconductor fabrication unit, marking a major push for domestic chip capability.
🗞️ ASG Eye Hospital plans ₹2,000 crore expansion
General Atlantic–backed ASG Eye Hospital aims to invest ₹2,000 crore by 2030 to expand its specialty eye-care network across India.
🗞️ Meesho fined by CCPA for uncertified wireless devices
E-commerce platform Meesho has been fined by the CCPA for selling uncertified wireless walkie-talkies, raising compliance concerns around online marketplaces.
🗞️ Udaan restructures NBFC arm amid IPO plans
B2B commerce startup Udaan is restructuring its NBFC unit ahead of a potential IPO, offloading stake and consolidating operations under Udaan Capital.
🗞️ Indonesia caps IPO order sizes to curb volatility
Indonesia has capped IPO order sizes in a bid to reduce extreme price swings, affecting how institutional investors participate in new listings.
🗞️ India’s IPO market set for record year
A new ET CFO report shows India’s IPO market is on track for a record-breaking fundraising year, driven by strong institutional demand and a robust pipeline across tech, manufacturing and BFSI.
💬 Expert Take — “If momentum holds, 2025–26 could be India’s strongest multi-year IPO cycle in history.”
🗞️ HSBC economist flags concerns over weakening rupee
HSBC’s Pranjul Bhandari highlighted that India’s weakening rupee and elevated tariff structure may create competitiveness challenges amid global uncertainty.
📊 Market Update
📈 Sensex: 85,265.32 ▲ 158.51 pts (+0.19%)
📈 Nifty 50: 26,033.75 ▲ 47.75 pts (+0.18%)
🪙 Gold (per gram): 24K ₹12,966 ▼ ₹92 | 22K ₹11,885 ▼ ₹85
🥈 Silver (per kg): ₹1,91,000 (flat)