Sebi demand notice in RHFL case
NEW DELHI: Sebi asked two entities to pay Rs 52 crore in penalties for failing to clear fines imposed in the case of illegal diversion of funds from Reliance Home Finance. It has warned the entities to attach assets and bank accounts if they fail to make the payment within
Sebi eases FPI registration process
NEW DELHI: To facilitate ease of onboarding of foreign portfolio investors and reduce duplication of available information, Sebi has said applicants can choose to fill either the entire common application form or an abridged version with unique fields. Source link
Hyundai Q2 profit dips 16% to Rs 1,375 crore
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NFRA clears 40 audit rules in spite of ICAI objections
NEW DELHI: In a major overhaul, the National Financial Reporting Authority (NFRA) on Tuesday cleared 40 audit standards, including six where the Institute of Chartered Accountants of India (ICAI) had raised objections.After detailed discussions, NFRA board voted eight-three for aligning several audit standards (SA) with global norms and recommended the
May ease tariffs if domestic companies not hurt: Finance minister
Union Finance minister Nirmala Sitharaman (PTI photo) NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday indicated that govt may lift some tariffs if they don’t hurt domestic companies, asserting that there is a need to balance the interest of firms which need imported inputs as well those who are producing
Hyundai Motor India’s Q2 profit drops 17% as sales decline
Hyundai Motor India, the country’s second-biggest carmaker by market share, reported a 16.5% decline in quarterly profit due to lower domestic sales and exports, its first earnings report since listing showed on Tuesday. The company’s shares fell nearly 3 per cent in afternoon trading. The ‘Creta’ SUV manufacturer said its
Pokarna to invest Rs 440 crore in expanding Telangana plant capacity
HYDERABAD: Pokarna Ltd on Tuesday said its wholly-owned subsidiary Pokarna Engineered Stone Limited (PESL) is making a strategic investment of Rs 440 crore to add another 8.1 lakh sq mt of capacity at its facility in Mekaguda in Telangana by the fourth quarter of financial year 2025-26.The expansion is aimed
What is weighing down stock market: Key factors behind the decline
The stock market on Tuesday ended in red as NSE benchmark Nifty50 closed at 23,883.45 with a drop of 257.85 points or 1.07 per cent. Sensex also traced a similar path ending at 78,675.18 with a decline of 820.97 points or 1.03 per cent.The early market presented a ray of
ADB approves $21.95 million loan, grants to Maldives, Infra News, ET Infra
MANILA: The Asian Development Bank (ADB) on Monday said it has approved a financing package of $21.95 million to boost Maldives’ capacity to combat the effects of climate change and ensure the sustainability of its food systems. The ADB said in its press release that the financing package comprises a
Bitcoin nears $90,000: How can I trade cryptocurrencies in India?
Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. (Reuters file photo) Bitcoin has once again captured headlines with a record-breaking rally, touching nearly $90,000 following Donald Trump’s win in US presidential elections. This surge represents an over 25% gain since the announcement of