The Securities and Exchange Board of India (Sebi) plans to mandate the UPI block mechanism, also known as the ASBA-like facility, in the secondary market for Qualified Stock Brokers (QSBs). QSBs are brokers with larger client sizes and thus more significance in the market ecosystem.
The Nifty 50 index is poised for a revamp as the revised futures and options (F&O) stock selection criteria is seen paving the way for newly listed companies to join the benchmark index, which is tracked by passive funds with combined assets under management of more than ~3.5 trillion ($44 billion). For the first time in six years, the market regulator Securities and Exchange Board of India (Sebi) has tweaked the stock selection process for the derivatives segment that clocks a turnover of ~400 trillion daily.
Between April and August, it issued request seeking LoC against 147 individuals to prevent them from leaving the country, the bank said in response to a Right to Information query filed by Pune-based activist Vihar Durve.
The clarification in this regard was made on Friday as Shiv Sena ministers met Chief Minister Devendra Fadnavis.
India's second largest IT services company Infosys has been slapped with a 'pre-show cause' notice for alleged GST evasion to the tune of about Rs 32,403 crore. In a BSE filing, the Bengaluru headquartered IT firm said Karnataka State GST authorities have issued a pre-show cause notice for payment of GST of Rs 32,403 crores for the period July 2017 to March 2022, towards the expenses incurred by overseas branch offices of Infosys Ltd, and added that the company has responded to the pre-show cause notice.
Union minister Nitin Gadkari has said if stainless steel had been used for construction of Chhatrapati Shivaji Maharaj's statue at Rajkot fort in Maharashtra's Sindhudurg district, it would not have collapsed.
A day after it received Rs 32,403 crore GST demand, Infosys on Thursday said Karnataka state authorities have withdrawn the 'pre-show cause' notice to the company and directed it to submit further response to the Directorate General of GST Intelligence (DGGI) on the issue. India's second largest IT company had made headlines on Wednesday after GST authorities slapped a Rs 32,403 crore notice on it for services availed by the company from its overseas branches for five years starting 2017.
The matter was brought into public domain by the BJP's West Bengal unit president Dilip Ghosh who took to Twitter to slam the government for its directive.
The order states that the state flag should be displayed along with the tricolour at all official buildings
The National Stock Exchange (NSE) and BSE on Tuesday said they will conduct a special trading session in the equity and equity derivative segments on May 18 to check their preparedness for handling major disruptions or failure at the primary site. The special live trading session will have an intra-day switchover from the Primary Site (PR) to the Disaster Recovery (DR) site.
The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies not to advertise unit-linked plans as investment products in a recent circular.
Investors should match their investment horizon with the fund's portfolio duration.
Shares of brokerages and market infrastructure institutions (MIIs) witnessed heavy selling pressure following the Securities and Exchange Board of India's (Sebi's) pivot to a uniform fee structure, which analysts fear could dent revenues. Discount brokerages, which currently benefit from a spread between client charges and exchange fees, are expected to be most affected. Shares of Angel One, the third-largest brokerage by active clients, fell 8.7 per cent. Groww and Zerodha, the largest brokerages, are not publicly listed.
Purchase health insurance at an early age, before you incur a disease, as this makes access to health insurance difficult and raises the premium significantly.
Congress has moved a notice for privilege motion against Parliamentary Affairs Minister Venkaiah Naidu, alleging that he misled Lok Sabha over HRD ministry's circulars on celebrating Atal Bihari Vajpayee's birthday on Christmas as 'Good Governance Day'.
Justice M Nagaprasanna found the allegations against the man to be trivial and, therefore, stayed the probe.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
According to police sources, the UK national, Savinder Singh, came to India last moth to supervise the transportation and delivery of the 208-kg consignment suspected to have been brought from South American countries.
The drugs were hidden inside plastic packets of snacks with 'Tasty Treat' and 'Chatpata Mixture' written on them. About 20-25 such packets kept in cartons were recovered from a small narrow shop in west Delhi's Ramesh Nagar area, the official said.
A bench of Justices Sanjiv Khanna and Sanjay Kumar issued notice to the Chembur Trombay Education Society, which runs the 'N G Acharya and D K Marathe College', and sought its response by November 18.
The SC stayed a circular by Delhi government on filing defamation cases against media organisations for any news that causes damage to its reputation.
The total number of arrests in the sensational case now stands at nine, while three key persons are on the run.
The move follows the recent probe report by the United States National Transportation Safety Board (NTSB) that highlighted safety concerns involving Boeing 737 aircraft equipped with Collins Aerospace SVO-730 Rudder Rollout Guidance Actuators.
Justices Arif S Doctor and Somasekhar Sundaresan held there was nothing in the MCC that would interfere with the Board's ongoing activities.
The crater was formed during the Nectarian period, which dates back to 3.85 billion years and is one of the oldest time periods in the Moon's history, the team, including researchers from the Physical Research Laboratory and Indian Space Research Organisation (ISRO), Ahmedabad, said.
Finance Minister P Chidambaram said on Thursday he had asked for withdrawal of the SBI circular on stopping loans for purchase of tractor and other farm equipments, as it was poorly worded and not justified. State Bank of India on Wednesday withdrew instructions to its branches advising them to stop fresh loans for purchase of tractors and other farm equipment, since defaults on these had mounted.
Aviation watchdog DGCA has issued a circular to airlines and the Airports Authority of India (AAI) on measures to deal with threats from jamming and spoofing of the Global Navigation Satellite System (GNSS) amid reports of such interference in the Middle East.
The circular said that names of trains and stations be written in Hindi and English along with Tamil in Tamil Nadu.
As per the circular, Aadhaar is also being removed from the list of documents for correction in date of birth.
The Supreme Court on Wednesday issued pan-India guidelines on demolition of properties and said affected people need to be given some time to challenge demolition orders before an appropriate forum.
Concerned over fake circulars regarding revised overtime allowance being circulated in central government offices, the government has clarified that no such instructions have been issued by it and have asked ministries and departments not to take note of it.
Airports and other entry points across the country have been alerted by the Enforcement Directorate to detain sacked Indian Premier League chairman Lalit Modi, who is under probe for alleged violation of foreign exchange regulations in connection with the Twenty20 cricket tournament.
The high court said the objections filed in response to the government's advertisement/ notice published on its website and newspaper shall be considered before finalising the notification.
In his petition, Karti contended that the July 18 circular had been issued arbitrarily and without jurisdiction by the Foreigner Regional Registration Officer and The Bureau of Immigration under the Union home ministry at the behest of different agencies to prevent him from travelling abroad.
Banks have issued Rs 7.78 trillion worth of CDs in the current calendar year until August 2024, compared to Rs 4.9 trillion in the same period of 2023, registering a 59 per cent growth
RBI governor D Subbarao, in the second quarterly review of the monetary policy in October, had said there is need to increase provisioning against bad assets to not less than 70 per cent by September 2010.
The state government move comes after cases of forgeries and fraud in property dealings increased. The circular has been issued by the Inspector General of Registration and Controller of Stamps.
Lawyers flooded the courtroom of Chief Justice of India D Y Chandrachud to witness the proceedings as one special guest -- Aamir Khan -- was seated in the front row.
Partha Pratim Sengupta, who will be taking charge as the MD & CEO of Bandhan Bank in early November, has his task cut out. The Kolkata-based lender, which converted itself from a microfinance institution to a universal bank, is in its 10th year of operation. The bank was able to cut down the share of the micro loan book over these years.
The Delhi high court on Monday allowed journalist Rana Ayyub to travel abroad while questioning the Enforcement Directorate over a Look Out Circular (LOC) issued against her barring her from travelling abroad.
