Mutual fund investors significantly increased allocations to precious metals in January, with gold and silver ETFs attracting over 33,500 crore, surpassing equity fund inflows for the first time. This surge reflects performance-chasing behavior as gold and silver delivered substantial returns over the past year.
India's tax department is intensifying scrutiny of foreign investment firms. Following a Supreme Court decision, notices have been issued to several overseas venture capital and private equity houses. The tax office is seeking detailed information about their operations in Mauritius and Singapore.
BHEL stake sale: The government will sell 3% stake representing over 10.44 crore shares in Bharat Heavy Electricals Limited (BHEL) via an offer for sale (OFS). The defence PSU has set the floor price at Rs 254 per share.
