The Securities and Exchange Board of India (Sebi) on Thursday tightened compliance norms for mutual fund schemes, regulating that rebalancing timelines will now apply across types of passive breaches in actively managed funds and not just those related to asset allocation.Until now, SEBI’s mandate for portfolio rebalancing within 30 business days applied only to passive…
Delhivery, the logistics company, saw global and Indian investors like Morgan Stanley, Citigroup Global Markets Singapore and six other entities buy a 1.6% stake on Thursday. The shares were purchased via open market deals, totalling Rs 461 crore.According to data from the National Stock Exchange (NSE), other major buyers in the transaction included HDFC Mutual…
The National Stock Exchange (NSE) is set to launch electricity futures contracts within the next two to three weeks, offering power sector participants a tool to hedge against price volatility. The move comes after the exchange secured all necessary approvals from the Securities and Exchange Board of India (Sebi) last month.The product is designed to…
Indian companies appear to be turning inward to fund their growth, reporting a slowdown in debt accumulation over the past five years, a new report by the Bank of Baroda said.The research, which analysed the debt levels of non-financial corporates, found that total borrowings rose from Rs 20.7 lakh crore in FY21 to Rs 22.6…
Banks in many states will remain closed for three consecutive days starting Friday, 27 June 2025 due to the festival of Rath Yatra followed by a weekend. In Odisha and Manipur, banks will be shut on Friday in observance of Rath Yatra. However, as the ocassion is not observed as a banking holiday in other…
US stocks opened in green on Thursday, drifting toward the brink of another record. The S&P 500 reached 6,115.94, edging up 23.78 points or 0.39%, reaching closer to its record high last set in February. The Dow Jones Industrial Average also climbed 167.74 points or 0.39%, trading at 43,150.17. Nasdaq Composite, too followed the suit,…
The government has dismissed recent media reports suggesting that two-wheelers could soon be brought under the toll tax net. The National Highways Authority of India (NHAI) addressed the claims, clarifying that no such proposal is under consideration and there are no plans to introduce toll charges for two-wheelers.In an official post on X, NHAI wrote,…
DS Group reported sales of 750 crore units of Pulse candy at Re 1 per unit. Pulse, a candy that costs Re 1, has become a multi-hundred crore brand in nine years. Dharampal Satyapal Group’s Vice-Chairman Rajiv Kumar anticipates their Pulse candy brand to achieve Rs 1,000-crore revenue within two years, following its successful milestone…
If you’ve recently had a bad experience while travelling on Indian Railways, be it a train running over three hours late, non-functioning AC, or a diverted route, you might be eligible for a refund. The Indian Railway Catering and Tourism Corporation (IRCTC) provides passengers the option to file a Ticket Deposit Receipt (TDR) under several…
Indonesia is drafting a new regulation to tackle its “shadow economy,” making changes to how sellers and platforms operate across the booming online shopping sector.The rule would require e-commerce platforms to collect and remit part of sellers’ sales income to the government, the country’s tax office said.Reuters had earlier reported that the plan involved a…
