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.
Silver ETFs saw massive January inflows as investors chased precious metals despite sharp volatility. Assets surged, returns topped 50%, and silver outperformed gold before a late-month crash underscored risks amid global uncertainty and profit-booking and heavy ETF participation nationwide grew.
