Dabur moves Delhi HC against FSSAI’s ‘100% pure’ label ban

The World Gold Council wants gold classified as a strategic mineral. This classification would streamline mining approvals and reduce import dependence. Central banks are expected to continue buying gold amid global uncertainties. India’s vast household gold holdings could be monetized to cut imports. Simplifying gold monetization frameworks will unlock significant domestic economic value.

Sectoral indices, including the Nifty India Defence, are often market-cap weighted with high stock concentration. Investors should understand index construction and risks, limiting sector funds to 15-20% of their portfolio, while considering diversified equity funds for overall better returns.

Nazara Technologies reported a revenue decline and net loss for the June quarter. The company announced founder Nitish Mittersain will step down as CEO. Raymond A. Stauffer will take over as the new chief executive officer. Nazara also revised terms for its acquisition of Bluetile Games and BestPlay. The gaming firm raised funds earlier this…