The two schemes launched are the gold monetisation scheme to convert yellow metal assets with people into interest-bearing deposits, and the sovereign bond scheme with an eight-year tenure.

The 54-year-old institute is not only drawing on its traditional strengths, but is also taking wings to meet the demands of the emerging new world of business.

Vedanta Resources on Wednesday said the merger of its subsidiaries Vedanta and cash-rich Cairn India will happen in June quarter of 2016 as against the first quarter stated previously.

While the 11-year-old company registered 1.55 billion monthly active users - an increase of 14 per cent year-over-year- Mobile MAUs were 1.39 billion as of September 30 - an increase of 23 per cent year-over-year.

"On the higher side, 8120-8180 are likely to act as a strong resistance on Nifty; whereas, 7950 is seen as a crucial support," said Angel Broking in a research note.