Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary traders. There are concerns that existing positions without any underlying exposure will need to be liquidated. Also, weighed down by dollar demand from local oil companies and weakness in its Asian peers, the rupee on Wednesday (April 3) ended at a new closing low of 83.44 versus the US currency.
Sebi's mandate restraining mutual funds, stock brokers, and other intermediaries from associating with finfluencers who do not come under the Sebi ambit will impact the earnings of finfluencers through sponsorships, tie-ups, or referral links, as these may dry up due to the restrictions.
IOA ad-hoc committee panel members Ashok Garg and Gian Singh favoured a two-stage trial to pick the Indian wrestling squad for the Asian Games and did not recommend exemption to any wrestler, it has come to light.
'The ministry may like to consider setting up an ombudsman similar to electricity ombudsman and insurance ombudsman, to ensure a time-bound resolution of consumer issues within the airline sector.'
Payouts to key management personnel in non-banking financial companies (NBFCs) are under the banking regulator's scrutiny. Top industry officials said this is a follow-through on the Reserve Bank of India's (RBI's) circular of April 29, 2022, which asked NBFCs in the "middle" and "upper" layer of its four-tiered scale-based regulatory (SBR) framework to put in place a board-approved compensation policy.
In view of air pollution in the national capital, the December winter break of all schools has been rescheduled and it will be now from November 9 to November 18, a circular of the Delhi Directorate of Education stated on Wednesday.
'We want to play the value game for our consumers, which is health and retail will grow faster for us than the group.'
A civic body in North Goa has banned the sale of the popular street food 'Gobi Manchurian' at roadside stalls in its jurisdiction after concerns were raised about the unhygienic conditions in which the dish was prepared, an official said on Tuesday.
A gourmet recipe of Shikampuri kebabs and several more for kebab preparations.
The official further said Mihir Shah's father and Palghar Shiv Sena leader Rajesh Shah took active part in ensuring his son's escape and also had plans to tow away the offending vehicle.
A Delhi court has taken a serious view of the practice of service of summons on witnesses through WhatsApp by police personnel and said the officials do not seem to have respect for superior orders.
Stuffed with plenty of crunchy veggies, this dish requires very little cooking.
According to the police, Biswas is a jeweller who allegedly bought the medal.
The Sports Ministry said the suspended Wrestling Federation of India has no authority to conduct the Senior National Championships.
Keep track of your foreign remittances to avoid giving incorrect declarations as these could be held against you.
Meanwhile, hectic activity was seen at 10, Circular Road, the bungalow allotted to party president Lalu Prasad's wife Rabri Devi who shares the house with her husband and younger son Tejashwi Yadav, the deputy CM.
Capital markets regulator Sebi has extended the deadline for implementation of rules related to mandatory confirmation or denial of market rumours by the top 100 listed companies. The deadline has been extended for the top 100 listed companies by market capitalisation to June 1 from February 1 this year at present, according to a circular by the Securities and Exchange Board of India (Sebi). For the top 250 listed entities, the rule will kick in on December 1, 2024, from the current requirement of August 1, 2024.
Non-local students left the institute in the afternoon in a convoy of 15 vehicles under security escort to Jammu for onward journey to their respective home states, officials said.
Mongolia can take a lifetime to happen but rewards the intrepid traveller with enduring memories of a surreal, delightful land.
The Delhi minister also claimed that Kejriwal used to take 50 units of insulin daily before he was sent to jail.
The trials are being held to select the teams for the Asian Championships and Asian Olympic Games Qualifiers, both scheduled to be held in Bishkek, Kyrgyzstan.
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
Among the Sensex firms, Tata Steel, Tata Motors, Asian Paints, Wipro, State Bank of India and Larsen & Toubro were the major gainers. ICICI Bank, NTPC, Axis Bank and Mahindra & Mahindra were among the laggards.
The WFI ad-hoc panel on Tuesday handed Olympic medallist Bajrang Punia and World Championship medallist Vinesh Phogat direct entries into the Asian Games.
'For smaller merchants, there should be a process that is digital and a minimum KYC journey should be allowed.'
An FIR was registered against Thackeray under Section 188 (disobedience to order by a public servant) of the Indian Penal Code at the time for violation of a police notice asking him not to stay within the limits of Kalyan Dombivali Municipal Corporation in Thane district.
Olympic medallist Bajrang Punia urged world governing body UWW to reimpose suspension on Wrestling Federation of India.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
'At this moment you cannot give her asylum because if you do, then you are directing public anger against India.'
Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan, observes Tamal Bandyopadhyay.
Foreign portfolio investors (FPIs) from Mauritius may face higher scrutiny after the amendment in the India-Mauritius tax treaty introduced a principle purpose test (PPT) to prevent treaty abuse by taxpayers. The Mauritius government had in February decided to amend the double taxation avoidance agreement (DTAA) with India to align with the Organisation for Economic Co-operation and Development's proposal on base erosion and profit shifting. Although the agreement between India and Mauritius was signed on March 7, the protocol of the amendment was made public for the first time on Wednesday, said legal experts.
All broken tiles have been replaced with glazed tiles of the choice of the family and the boundary walls have been raised in accordance with the 'Z Plus' security status that the Railway Minister enjoys in view of threat from communal forces.
ICICI Bank on Saturday said its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore, helped by lower provisions. On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period. For fiscal 2023-24, its standalone net profit grew to Rs 40,888 crore from Rs 31,896 crore a year ago.
Amidst a severe water crisis, the Karnataka Water Supply and Sewerage Board banned the usage of drinking water for car washing, gardening, construction, water fountains and road construction and maintenance. It also imposed a fine of Rs 5,000, if the order is violated.
In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI's approval within four months. Banks need prior approval from the banking regulator for the appointment of wholetime directors.
There will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for transactions up to Rs 2,000 in line with the RBI direction, a recent NPCI circular said. RuPay credit card has been operational for the last four years, and all major banks are enabled and are issuing incremental cards for both commercial and retail segments. "During credit card on-boarding on the apps, the device binding and UPI PIN setting process shall include and be construed as customer consent for credit card enablement for all types of transactions," the circular dated October 4 said.
A circular issued on Monday night by GAD Secretary Michael Achom said: "In pursuance of the meeting chaired by the Chief Minister on June 12 and decision taken at para 5-(12) of the proceedings, all employees drawing their salaries from General Administration Department, Manipur Secretariat are informed that no work, no pay may be invoked to all those employees who do not attend their official duty without authorised leave."
Justice Subramonium Prasad said though police have filed a status report listing the standard operating procedure for bomb detection and disposal squads and the guidelines to deal with bomb threats in schools, they have not submitted data on several key aspects.
Temperatures remained above 45 degrees Celsius in large parts of Rajasthan, Haryana, Delhi, Chandigarh and Uttar Pradesh, affecting daily life as many chose to remain indoors in the afternoon.
