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Business

Why Adani's Shorting By Traders Has Percolated Down To Nifty Stocks?

The S&P BSE Sensex fell 9.52 per cent and Nifty 50 index also dropped 10.28 per cent from record highs tested on December 1, 2022

28 March 2023

SEBI

SEBI Introduces Framework For Scheme Of Arrangement By Unlisted Stock Exchanges, Clearing Corps, Depositories

The unlisted MIIs will have to provide certain information to SEBI while filing the draft scheme of arrangement for obtaining the observation letter or no-objection letter


More Women In India Believe Health Insurance ‘highly relevant’, Says ICICI Lombard Study 

The study looked at the awareness levels, confidence, and purchasing habits of women towards health and general insurance.  


Enforcement Directorate Raids Fintech Involved In Illegal Online Betting; Freezes Over Rs 3 Crore Bank Deposits

It was found during probe that the accused were operating through a private communication platform and providing login Id and password to persons who wanted to place bets online

28 March 2023

Exports.

India's Goods, Services Exports To Cross $760 Billion In FY23

Goyal stressed that over the last 9 years, the focus of the Modi-government has been on building the foundation blocks which are necessary for an economy to have many years of uninterrupted and sustainable growth


PSU Banks Recover 14% Of Written-Off Loans In Last 5 Years: Finance Minister

Banks continue to pursue recovery actions initiated in written-off accounts through various recovery mechanisms available, such as filing of a suit in civil courts or in Debts Recovery Tribunals, action under the...

28 March 2023

Japan Commits Rs 7,084 Crore For Three Infrastructure Projects In India

Japan would fund Patna Metro Rail Construction Project (I) of JPY 98.612 billion (about Rs 5,509 crore), Project for Forest and Biodiversity Conservation for Climate Change Response in West Bengal of JPY 9.308 billion (about...

28 March 2023

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Sanjay Chamria Settles Case With Sebi; Pays Rs 42.2 Lakh As Settlement Charge

Chamria, who was the executive vice chairman of Poonawalla Fincorp Ltd (PFL), proposed to settle the pending proceedings, "without admitting or denying the findings" through a settlement order

28 March 2023

28 March 2023
Vedanta Board Approves Rs 7,621 Crore Interim Dividend For FY23

Vedanta Board Approves Rs 7,621 Crore Interim Dividend For FY23

The board also accepted the resignation of Ajay Goel from the post of Acting Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective from...


28 March 2023
All 10 Adani Stocks End Lower For 2nd Day; MCap Of Group Firms Erode By Rs 80,096.75 Crore In Two Days

All 10 Adani Stocks End Lower For 2nd Day; MCap Of Group Firms Erode By Rs 80,096.75 Crore In Two Days

In a highly volatile trade in the equity market, the 30-share BSE Sensex ended 40.14 points or 0.07 per cent lower at 57,613.72


28 March 2023
Cooperative Bank Money Laundering Case: ED Attaches Rs 114 Crore Worth Of Assets

Cooperative Bank Money Laundering Case: ED Attaches Rs 114 Crore Worth Of Assets

The money laundering case of 2020 stems from an FIR filed by the Bengaluru Police against the defaulters and the promoters of the bank


28 March 2023
SEBI Recovers Pending Dues Worth Rs 6.57 Crore From Sahara Group Firms, Its Chief Subrata Roy, Others

SEBI Recovers Pending Dues Worth Rs 6.57 Crore From Sahara Group Firms, Its Chief Subrata Roy, Others

The recovery proceedings were initiated against these entities after they failed to pay Rs 6 crore fine imposed on them by SEBI in June 2022


28 March 2023
EPFO Rate Hike: Now You Can Earn More From Your EPF Corpus 

EPFO Rate Hike: Now You Can Earn More From Your EPF Corpus 

Contributions to EPF are mandatory for salaried employees. Employers are also required to make a matching contribution to the EPF account of the employee. 


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28 March 2023
Wall Street Quiet As Stability Appears To Return For Banks

Wall Street Quiet As Stability Appears To Return For Banks

Futures for the Dow Jones Industrial Average and the S&P 500 shifted between small gains and losses before the bell


28 March 2023
BIS Framing Standards On Emerging Tech Like Blockchain; No Extension On 6-Digit HUID On Hallmarked Gold

BIS Framing Standards On Emerging Tech Like Blockchain; No Extension On 6-Digit HUID On Hallmarked Gold

Out of 22,000 BIS standards, 8,000 standards are harmonised with international standards that consist of IEC standards for electrical fields and ISO standards...


28 March 2023
India, China To Contribute Half Of Global Economic Growth In 2023: Top Chinese Think Tank

India, China To Contribute Half Of Global Economic Growth In 2023: Top Chinese Think Tank

IMF analysis indicates that only China and India would contribute half of the world's growth this year, with every 1 per cent increase in China's economic...


28 March 2023
Indian AMCs Reopen Subscriptions For Overseas Exchange-Traded Funds, Fund of Funds Ahead Of New Tax Rules From April 1 

Indian AMCs Reopen Subscriptions For Overseas Exchange-Traded Funds, Fund of Funds Ahead Of New Tax Rules From April 1 

As the government removes the long-term capital gains tax from FY24, the asset management companies are reopening international schemes to augment capital...


28 March 2023
Sensex, Nifty Resume Decline After A Day's Breather Ahead Of F&O Expiry

Sensex, Nifty Resume Decline After A Day's Breather Ahead Of F&O Expiry

The Sensex ended 40 points lower at 57,614 and Nifty 50 index declined 34 points to 16,952


28 March 2023
Competition From Indian Carriers On Global Routes Will Drive Innovation: Etihad

Competition From Indian Carriers On Global Routes Will Drive Innovation: Etihad

Etihad Airways' head for Indian subcontinent Salil Nath said such competition would drive innovation as the sector grows, lapping up the pent-up demand created...


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28 March 2023
Meta 'Optimistic & Excited' About India: Sandhya Devanathan

Meta 'Optimistic & Excited' About India: Sandhya Devanathan

The company connects 3.7 billion globally and "improving access to technology for everyone to our platforms" is something that "we hold dear to our heart"


28 March 2023
AI Express, AirAsia India Move To Unified Reservation System; Passengers Can Book Tickets On Integrated Website

AI Express, AirAsia India Move To Unified Reservation System; Passengers Can Book Tickets On Integrated Website

The development comes five months after AirAsia India was fully acquired by Air India, and three months after both AirAsia India and Air India Express were...


28 March 2023
11 Firms Including Reliance Bag 39,600 MW Solar Manufacturing Capacity Under PLI Scheme

11 Firms Including Reliance Bag 39,600 MW Solar Manufacturing Capacity Under PLI Scheme

The ministry said that manufacturing capacity totalling 7,400 MW is expected to become operational by October 2024, 16,800 MW capacity by April 2025 and the...


28 March 2023
Housing Prices May Rise 5% In FY24; Rates Appreciate By 8-10% This Fiscal: India Ratings

Housing Prices May Rise 5% In FY24; Rates Appreciate By 8-10% This Fiscal: India Ratings

Overall, Ind-Ra expected the sales momentum to continue and housing sales to increase by 9 per cent year-on-year, supported by a steady, healthy demand


28 March 2023
SEBI Extends Nomination Deadline For Existing Trading, Demat Account Holders Till September 30

SEBI Extends Nomination Deadline For Existing Trading, Demat Account Holders Till September 30

Investors who are opening new trading and demat accounts from October 1, 2021 have the choice of providing nomination or opting out of nomination through a...


28 March 2023
Microsoft Layoffs: 559 Employees Fired From Seattle Offices

Microsoft Layoffs: 559 Employees Fired From Seattle Offices

According to Microsoft’s chief executive officer (CEO) Satya Nadella, the layoffs were done to, “align our cost structure with our revenue and where we see...


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