Sebi is working on a comprehensive review of mutual fund regulations to make them more investor-centric and industry-friendly, a senior official said on Saturday.“We are reviewing the entire mutual fund regulatory framework to enhance ease of doing business for all stakeholders, including the regulator,” said Manoj Kumar, executive director at Sebi, at the 17th Mutual…
NEW DELHI: State-run Oil and Natural Gas Corporation (ONGC) on Saturday said it had made significant progress in its efforts to contain the gas blowout at well RDS#147A in Assam’s Rudrasagar oilfield, with the flow rate of natural gas having reduced substantially. The blowout — or uncontrolled gas flow — occurred on June 12 at…
The Centre and Karnataka government have agreed to jointly compensate mango farmers in the state for up to 2.5 lakh tonnes of produce after a sharp decline in market prices, according to an official statement issued on Saturday.The decision was taken during a video conference between Union Agriculture Minister Shivraj Singh Chouhan and Karnataka Agriculture…
Emcure Pharmaceuticals on Saturday said it will acquire the remaining 20.42% stake in its subsidiary Zuventus Healthcare Ltd from minority shareholders for Rs 724.9 crore, making it a wholly owned unit. The company’s board has approved entering into an agreement with the minority shareholders of Zuventus Healthcare for the acquisition, Emcure said in a regulatory…
Capital gains from sale of mutual funds (MFs) are taxable In India, under both the old and new income tax regimes. (AI image) Income Tax Return Filing AY 2025-26: One important aspect of income tax return filing, apart from reporting income from salary, is also filling in details of any capital gains – short-term or…
Ahead of the July 6–7 BRICS summit in Rio de Janeiro, senior diplomats from leading member nations said the grouping is likely to intensify efforts toward settling trade in national currencies, even as they ruled out any imminent move toward a unified BRICS currency.At a conference co-hosted by the Embassy of Brazil and Centre for…
The incentives in India’s proposed programme will be distributed through a reverse bidding mechanism. (AI image) India is readying a plan to reduce its acute dependence on China for rare earth minerals. The move comes at a time when China has imposed export curbs on rare earths and Indian industry has raised alarm bells on…
NEW DELHI: State-run power major NTPC Ltd on Saturday said its board has approved a proposal to raise up to Rs 18,000 crore through issuance of non-convertible debentures (NCDs) or bonds via private placement in the domestic market.According to a regulatory filing, the company’s board gave its nod during a meeting held earlier in the…
Vishnusurya Projects and Infra Ltd has secured an order worth Rs 23.57 crore from Gorantla Geosynthetics Ltd for replacement and construction of a Benzol storage unit, Benzol Recovery Plant-2 and By-Product Plant at the Bokaro unit of Steel Authority of India Ltd (SAIL), the company said in a statement on Saturday.In a steel plant, Benzol…
This is an AI-generated image, used for representational purposes only. India has surged ahead in global GDP rankings over the past decade, but its per capita income remains among the lowest in the top 10 economies. In this context, a new report by Llama Research has underlined the need for India’s next growth phase to…
