Capital markets regulator Sebi on Thursday came out with the disclosure framework for asset management companies, mandating a scheme-wise disclosure of investments in securities of entities that are excluded from the definition of “associate”. This came after Sebi, earlier this month, amended mutual fund rules to remove the applicability of the definition of “associate” to …
The Reserve Bank of India (RBI) earlier this week released a discussion paper on charges across various payment systems. With the move, the central bank is seeking feedback from stakeholders, after which the RBI would look to streamline the framework of charges for different instruments. The same is unlikely to have a major impact on …
A two-day meeting of senior officials of the World Trade Organisation (WTO) member countries which concluded in Geneva last Tuesday shaped agenda for the coming ministerial meeting of the world body, by narrowing down the differences over the key issues of agriculture, dispute settlement, e-commerce taxation, according to official sources. The direction and political backing …
Switch Mobility, a Hinduja Group company and the next-generation bus and light commercial vehicle manufacturer has bagged an order for 70 electric buses from Stagecoach, one of the UK’s leading bus and coach operators. The order consists of 10 Switch Metrocity 9.5-metre electric buses, which will operate on Route W11 in London and 60 Slimline …
Nykaa share price rose on Monday after the internet company reported 33% on-year rise in consolidated net profit to Rs 4.55 crore in quarter ended 30 June 2022, as against net profit of Rs 3.42 crore in Q1FY22. (FSN E-Commerce Ventures) Nykaa’s revenue from operations jumped 41% on-year to Rs 1,148.42 crore in Q1FY23. While …
GAIL India share price tanked over 4% on Friday after the company posted a consolidated net profit of Rs 3,250.95 crore in April-June compared to Rs 2,157.15 crore net profit in the same period a year back. The board of directors of the nation’s largest gas utility firm last month recommended the issue of one …
Rising prices of compressed natural gas (CNG) are likely to dent the sales of CNG-powered vehicles. Moreover, these vehicles could face competition from their electric counterparts.According to a Motilal Oswal report, the Indraprastha Gas management has admitted that the introduction of electric vehicles can slash the demand for CNG vehicles long-term. They are making plans …
The Indian rupee is expected to depreciate on Friday amid expectations of weak macroeconomic data from India. CPI year-on-year is expected to drop from 7.01% to 6.78%. Additionally, industrial production is expected to drop from 19.6% to 10.7%. USDINR (August) is likely to trade in a range of 79.70-79.90, according to ICICIDirect. In the previous …
Institutional investors dissented nearly 18 resolutions, including those of Zomato and Bajaj Auto, with more than 50% of their total votes, while 252 resolutions were favoured with 100% votes. The Apex Frozen Foods’ resolution to reappoint a whole-time director was disapproved with 93.6% of the total votes cast. However, the motion was defeated based on …
D-Street continued to bleed owing to global events and investor panic, with Rs 15 trillion of investor wealth being wiped out over the past five trading sessions. The last big fall was in May 2022, when investor wealth plunged by Rs 18.8 trillion in 5 sessions. The benchmark Sensex has lost 2,379 points or 3.58% …