CATEGORIES

Sebi names auditor to examine TARC's finances during FY21-23

CAPITAL MARKET REGULATOR Sebi has appointed a forensic auditor to look into financial statements of New Delhi-based real estate company TARC for FY21-23, citing a disclosure by the company which may have been 'detrimental to the interest of investors'.

Indian firms raise $16 billion via QIP

ROBUST RESPONSE Indian firms are binging on private share sales

FPI instruments with derivatives as underlying assets barred

THE SECURITIES AND Exchange Board of India (Sebi) has barred foreign portfolio investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as underlying assets or using derivatives to hedge their ODIs in India in bid to curb regulatory arbitrage.

Regulator introduces new asset class for high-risk users

MARKETS REGULATOR SEBI has notified norms for introducing a new asset class -- Specialised Investment Fund -- for high-risk profile investors along with liberalised mutual funds lite (MF Lite) framework for passively managed schemes.

Platform proposed for tracking unclaimed mutual fund folios

THE SECURITIES AND Exchange Board of India (Sebi) on Tuesday proposed a service platform called MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) for investors to trace inactive and unclaimed mutual fund (MF) folios.

RBI lifts curbs on two Edelweiss Group entities

THE RESERVE BANK of India (RBI) on Tuesday lifted the restrictions imposed on Edelweiss Asset Reconstruction Company (EARCL) and ECL Finance, effective immediately, after the companies engaged with the regulator on remedial measures.

Sebi likely to relax AIF norms

Participants asked to adopt accredited investors concept

Automotive Axles shareholders vote against RPT with Meritor

THE MINORITY SHAREHOLDERS of Automotive Axles, a Kalyani Group company, have rejected the resolution to approve material-related party transactions with Meritor HVS (India) with around 79.47% of the votes against the move and 20.53% in favour.

Cult.fit's revenue rises in FY24; loss remains flat

FITNESS-TECH PLATFORM CULT.FIT recorded a 33.6% increase in operating revenue, reaching ₹927 crore in FY24 compared to ₹694 crore in the previous fiscal year.

Airline gets DGCA show-cause notice

AVIATION REGULATOR DGCA has issued a show cause notice to Akasa Air for violation of norms related to the airline's operations manual, according to sources.

Safety is priority, says Akasa Air CEO

ASSERTING THAT AKASA Air is an employee-centric organisation, its CEO Vinay Dube has said the airline always works on improving its very high safety standards, amid some pilots flagging concerns about alleged training and safety issues.

Daikin India forms JV with Taiwan firm

DAIKIN INDIA, the Indian subsidiary of Japan's Daikin Industries, on Tuesday announced that it has formed a joint venture with Taiwanese AC compressor maker Rechi Precision to manufacture, design and sale of rotary compressors.

ITC to demerge hotel business on January 1

CIGARETTES-TO-FOODS CONGLOMERATE ITC has finalised January 1, 2025, as the effective date for the demerger of its hotel business, following receiving an order from the National Company Law Tribunal (NCLT), the company said on Tuesday.

Sanghi & Penna to merge with Ambuja

Ambuja Cements will merge the acquired companies Saurashtra-based Sanghi Industries and Andhra Pradesh-based Penna Cement Industries with itself.

More Indians looking to fly biz class this holiday season

THE NUMBER OF Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year.

Maruti first carmaker to produce 2 mn Units in a year

The achievement was attributed to retail demand recovery and effective inventory management

Ola tests 10-min food delivery service in Bengaluru via ONDC

OLA CONSUMER HAS begun testing 10-minute food delivery services in select areas of Bengaluru through the Open Network for Digital Commerce (ONDC) network.

Blackstone expects 5X growth in India data centre capacity

GLOBAL FUND HOUSE Blackstone expects at least fivefold growth in its data centre capacity in India in the coming years, fuelled by the adoption of cloud, 5G, and data protection in the country.

Big Tech may have to pay more for SMSes in India

Trai's definition identifies their traffic as international

Blackstone's Mphasis deal rescues PE firms

Venture capitalists double earnings to $4.06 billion

Lawrence Bishnoi's jail interview: Punjab DSP to face the axe

The Punjab government Monday informed the Punjab and Haryana High Court that it has initiated the process to dismiss a DSP, identified as a conspirator in aiding and abetting a 2023 TV interview of gangster Lawrence Bishnoi from a Kharar jail.

Ahead of talks with Doval, China ready to enhance mutual trust

AS NATIONAL SECURITY advisor Ajit Doval reached Beijing for talks on Wednesday between the Special Representatives of the two countries, China said Tuesday it is ready to work with India to \"deliver on important common understandings reached between our two leaders\" and \"enhance mutual trust and mutual confidence\".

One nation, one poll Bills introduced in Lok Sabha

269 vote for and 198 against their introduction

‘NHPC aims to have installed capacity of 50 GW by 2047’

The state-run hydropower company NHPC plans to raise its total installed capacity to 23 gigawatt (GW) by 2032 from its current capacity of 7.2 GW.

Q2 a blip, growth to pick up again: FM

The economic growth slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.

No more duty-free import of items for solar power: CBIC

TO PUSH DOMESTIC manufacturing, the government has withdrawn a scheme which permitted duty-free import of goods for solar power generation.

CBDT issues fresh FAQs on tax dispute resolution

THE CENTRAL BOARD of Direct Taxes (CBDT) on Tuesday published a fresh set of FAQs on the Direct Tax Vivad se Vishwas scheme in response to additional queries received by it.

DHL, 2 more shortlisted for e-comm export hubs

Initial centres will come up in Mumbai, Delhi and Bengaluru

Indian firms turn to euro, yen swaps to trim borrowing cost

INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.

Markets slump over 1%

Investors' wealth down ₹4.92 lakh cr