MSCI, a prominent index provider, has recently announced a significant increase in India’s weightage within its Global Standard (Emerging Markets) index. This adjustment marks a historic high of 18.2%, taking effect after the market closes on February 29th. Notably, India’s weightage in this index has nearly doubled since November 2020, a trend attributed to several […]
SEBI Orders Zee Business Guest Experts to Return Rs 7.41 Crore “Unlawful Gain” and Bars Some from Market Trading In an interim measure, the market regulator SEBI has instructed numerous guest experts featured on the Zee Business news channel to repay Rs 7.41 crore in “unlawful gains” they accrued by taking contrary positions in the […]
Indian Kirana Store Owners Rapidly Switch to Alternative Payment Apps Amid RBI Restrictions on Paytm Payments Bank Following recent restrictions imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank, Indian kirana store owners are swiftly embracing alternative payment apps for their business transactions, a survey by Kirana Club reveals. While 69 percent […]
Government Initiates Consultant Appointment for GPS-Based Toll Collection System on National Highways, Announces Minister Nitin Gadkari Union Minister for Road Transport and Highways, Nitin Gadkari, revealed on Thursday the appointment of a consultant for the implementation of a GPS-based toll collection system on national highways. Gadkari further disclosed plans for a pilot introduction of this […]
LIC witnessed a notable surge in its shares, climbing by over 6% and reaching a market valuation of Rs 6.99 lakh crore. This rise in valuation has propelled LIC to become the fifth most valued company in India. With this milestone, LIC joins the ranks of prestigious firms in India such as Reliance Industries, Tata […]
The Reserve Bank of India (RBI) is set to convene meetings with key stakeholders including the National Highways Authority of India (NHAI) and the National Payments Corporation of India (NPCI) next week, as reported by The Economic Times (ET) on Friday. These discussions are aimed at addressing the transition of customers and merchants from Paytm […]
India’s ambition to develop a robust computer and electronics manufacturing industry requires a rapid shift in focus. Rather than solely targeting the domestic market, India must aim to become regionally competitive and export-oriented. It’s essential to recognize that Vietnam, not China, poses the biggest competition. Recent reminders of this imperative include a US appeal for […]
After nearly a year, Gautam Adani has rejoined the exclusive $100 billion club. His net worth surged by $2.7 billion to reach $100.7 billion on Wednesday, marking the highest level since the Hindenburg bombshell. The shares of his flagship company, Adani Enterprises Ltd., continued their upward trend for the eighth consecutive day following a robust […]
The Securities and Exchange Board of India (SEBI) has put forth proposals on Wednesday regarding the disposal of securities held by offshore funds whose Indian licenses have expired, as outlined in a discussion paper published on the regulator’s website. This preliminary step precedes any potential amendments to SEBI’s regulations concerning market entities. Previously, there has […]
According to a Business Standard report, a significant portion of the recipients of India’s PLI scheme have identified suppliers and service providers from China. Leading players in the renewable energy sector, including Reliance New Energy Solar, Tata Power, ReNew Solar, Avaada Electro, and Waaree Energies, have identified Chinese vendors as major suppliers. For instance, Indosol […]