The Employees’ State Insurance Corporation (ESIC) on Friday relaunched the SPREE scheme to bring unregistered employers and left-out workers under the ESI Act, as part of a broader push to improve compliance and reduce litigation.The Scheme to Promote Registration of Employers/Employees (SPREE), originally introduced in 2016, has so far enabled over 88,000 employers and 1.02…
The rupee appreciated 24 paise to settle at 85.48 against the US dollar on Friday, supported by strong foreign fund inflows and firm domestic equity markets.At the interbank foreign exchange, the rupee opened at 85.50 and moved between 85.43 and 85.65 during the day before closing at 85.48 (provisional), up from its previous close of…
Shares of Adani Power climbed nearly 14% this week to hit Rs 605 on the BSE on Friday, riding on robust trading volumes and a strong technical setup.The stock rose 4.7% in intraday trade before settling at Rs 584.35, up 1.08%. As of 10:50 a.m., the total traded quantity stood at 6.96 lakh shares, with…
The performance of gold ETFs has been remarkable, generating over 30% returns in the previous 12-month period. (AI image) Multiple life insurance companies have sought permission from Irdai to make investments in gold ETFs. This initiative follows the rising gold prices, heightened worldwide demand and the necessity to diversify portfolios, particularly when conventional investment avenues…
Several NBFCs have already secured IPO approvals from SEBI. (AI image) Non-bank financial institutions are likely to accelerate their initial public offerings (IPO) to capitalize on favourable regulatory conditions, reduced interest rates, improving credit cycles, and optimistic market sentiment that has driven equity indices to their peak levels in approximately nine months.Several NBFCs have already…
The water-sharing agreement of 1996 between India and Bangladesh was established to resolve disputes regarding the Farakka water allocation. (AI image) Ganges Water Sharing Treaty with Bangladesh to be revised? India is exploring various alternatives to modify and reassess a significant agreement with Bangladesh regarding the distribution of Ganga waters, following its decision to suspend…
Earlier in the day, Trump said that the United States and China have reached a trade agreement. (AI image) US-China trade deal: Soon after US President Donald Trump announced a trade deal, China has also confirmed that details have been finalized. China also said that United States will ‘cancel a series of restrictive measures’.Earlier in…
File photo: Xiaomi founder Lei Jun shows the Xiaomi YU7 at a launch event held in Beijing (Picture credit: AP) Chinese tech giant Xiaomi stunned the electric vehicle (EV) market on Thursday night after it received an overwhelming response to the launch of its new electric SUV, the YU7, clocking 289,000 pre-orders within the first…
The acquisition requires approval from the Competition Commission of India and completion of a mandatory tender offer to ANIL’s public shareholders. (AI image) JSW Paints Limited has signed agreements to acquire a 74.76 per cent ownership in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its associated companies. The acquisition, valued at up…
Gold price prediction: A gap-down movement in the last few sessions, combined with soft momentum indicators, supports a Sell on Rise strategy for today’s trade. (AI image) Gold price prediction today: Gold rate has been dipping for the last few days and the Iran-Israel ceasefire has quietened the sentiment for safe haven assets. Where are…
