MUMBAI: NSE and nine of its former senior executives, including earlier MD Vikram Limaye, have settled a case with Sebi over allegations that brokers bypassed a trading access point to enable faster trades for Rs 643 crore. This is the largest settlement order in Sebi’s 36-year history. In addition to the settlement amount, eight officials…
NEW DELHI: India will nearly double per capita income in the next five years and will see steepest rise in living standards for its citizens, along with reduced inequality on account of the reforms undertaken by govt, finance minister Nirmala Sitharaman said on Friday.“While it took us 75 years to reach a per capita income…
It may or may not be the iPhone effect, but shoppers ambushed mobile phones and electronics in the first week of online festive sales, probably shelving quintessential ethnic wear for later, reports Asmita Dey.E-commerce platforms, including Amazon and Flipkart, are seen to have together crossed Rs 54,500 crore in sales in the first week of…
Image credit: Makhtar Diop’s Insta Makhtar Diop, managing director of International Finance Corporation (IFC), the World Bank’s private sector lending arm, is looking to broaden the focus on India to include the issue of blue bonds, modelled on the lines of green bonds but focused on water, and also help municipalities raise funds. Excerpts:Since you…
India will join Germany, France, Sweden, and China as the fifth nation worldwide to operate hydrogen-powered trains. (AI image for representative purpose) India’s first hydrogen train on tracks soon? Indian Railways has engaged Germany’s TUV-SUD to conduct a third-party safety audit for the country’s first hydrogen train. Officials familiar with the plan anticipate trial runs…
NEW DELHI: Vistara has issued five “essential steps” that passengers who booked its flights for travel on and after Nov 12, 2024, when the airline merges into Air India. Such passengers will need to verify their booking details and get changed tickets while retaining their original Vistara booking. Since AI old fleet is still a…
Stock market’s recent decline is primarily because of heightened tensions in the Middle East and a sharp increase in crude oil prices. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, dipped in opening trade on Friday following global cues. While BSE Sensex was near 82,300 levels, Nifty50 was below 25,200….
In a landmark judgment, Supreme Court ruled in favour of the income-tax (I-T) department, upholding the validity of nearly 90,000 reassessment notices issued after April 1, 2021, under the old provisions. Over 9,000 writ petitions had been filed in various high courts challenging these notices, with most courts siding with taxpayers.A bench of Chief Justice…
In the last few days, BSE Sensex has corrected around 4% from the near 86,000 high it hit last week. (AI image) Stock market crash today: BSE Sensex and Nifty50, plunged in trade on Thursday, mirroring global cues on the back of increased Middle East tensions and rising crude prices. BSE Sensex closed the day,…
Gold price outlook: Market participants anticipate further increases in the price of the precious metal. (AI image) Gold rate today: Gold prices reached a new peak of Rs 78,300 per 10 gm yesterday, driven by safe-haven buying amidst rising tensions in the Middle East and lower US bond yields. Market participants anticipate further increases in…
