RBI elevates 5 senior officers to executive director rank
Four of the newly empanelled executive directors – Gunveer Singh, Monisha Chakraborty, Suman Ray and Sudhakar Malli – belong to the common seniority group (CSG) cadre, while Ravi Shankar is from the department of statistics and information management (DSIM) cadre.
SBI Ventures to manage Rs 20,000 crore Maritime Fund
SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. This initiative, backed by government equity, aims to attract private capital for the maritime sector’s growth. The fund will operate as a trust and be registered with SEBI, focusing on a blended finance model to boost long-term, affordable capital availability.
Selling at higher levels turns 23,800 into key barrier for Nifty: Analysts
Benchmark Nifty closed lower last week. Analysts anticipate continued range-bound trading for Nifty this week. Trading strategies suggest buying on dips and selling on rallies within the 23,800-23,200 range. Specific stock recommendations include Indus Towers, Samvardhana Motherson International, Aditya Birla Capital, Sun Pharmaceutical Industries, and Arvind Limited. Investors are advised to consider these opportunities.