Mutual fund investments can soon be gifted using prepaid payment instruments (PPIs), with Sebi proposing a new framework. Individuals can purchase gift PPIs, capped at ₹10,000 and valid for one year, to transfer funds for mutual fund subscriptions. This initiative aims to attract new investors and enhance financial product accessibility.
Logistics firms set for strong Q1 revenue growth despite margin pressure
Logistics sector revenue is poised for healthy growth in the June quarter. This expansion is driven by e-commerce demand and increased supply-chain outsourcing. However, elevated