Mumbai: Markets regulator Sebi is planning to incentivise fund distributors who bring in first-time women investors into the mutual fund (MF) fold, Tuhin Kanta Pandey, Sebi chief, said on Friday. “Another priority is to encourage greater participation of women in mutual fund investing. Financial inclusion will remain incomplete unless women are equally represented, and we […]
Sebi proposes alterations to block deal framework
Mumbai: Markets regulator Sebi on Friday proposed to hike the minimum amount for a large chunk of shares to qualify as a block deal, from Rs 10 crore now to Rs 25 crore. Block deals are executed through special 15-minute trading windows on stock exchanges twice a day and at prices that are fixed by […]
Jackie Shroff family’s investment pays off: From lakhs to crores- How the Bollywood couple’s Sony TV decision proved to be a bonanza for them
In an industry where star earnings often rise and fall with box-office success, Jackie and Ayesha Shroff’s early bet on television proved to be a defining financial decision. Their timely investment in Sony Entertainment Television’s Indian launch two decades ago turned into their most profitable venture, as reported by Economic Times.Ayesha Shroff, who co-founded Jackie […]
1st fiscal of Tata airlines’ mergers: Losses of FSC drop, but balloon for LCC
NEW DELHI: Tata’s full service Air India managed to cut its losses by almost a quarter while the low cost (LCC) AI Express saw its losses more than triple in the first fiscal (FY 25) of the salt-to-satellite conglomerate consolidating its airline business.AIX Connect (erstwhile AirAsia India) was merged into AI Express last Oct. The […]
Forex watch: India’s reserves up $1.4 bn to $695.1 bn, gold holdings see dip
India’s foreign exchange reserves rose by $1.488 billion to $695.106 billion during the week ended August 15, according to the latest data released by the Reserve Bank of India (RBI) on Friday.This comes after a sharper rise of $4.747 billion in the previous reporting week, when overall reserves had touched $693.618 billion, PTI reported.For the […]
GST rate cuts coming soon! Goods and Services Tax Council to meet for 2-day session starting Sept 3; two-slab structure in works
The current Goods and Services Tax framework consists of four tiers: 5, 12, 18 and 28 per cent. (AI image) GST rate cuts coming soon! The Goods and Services Tax (GST) Council will meet for a two-day session starting September 3, as per the notice issued. The meeting comes within days of PM Narendra Modi […]
Mutual funds caution: Sebi chief warns against fraudulent redemptions; promises incentives for women investors
Markets regulator Sebi chairman Tuhin Kanta Pandey on Friday cautioned the mutual fund industry that beyond market-linked investment risks, operational risks such as fraudulent redemptions by impersonators pose a growing threat to investor confidence.Speaking at an event organised by the Association of Mutual Funds in India (Amfi), Pandey stressed the need for heightened vigilance, urging […]
Chip mission drive: Govt allocates 97% of semiconductor fund, leaves little scope for new projects
The government has already committed about Rs 62,900 crore — nearly 97 per cent of the Rs 65,000 crore earmarked for semiconductor manufacturing incentives — leaving room only for a handful of smaller projects, a top official said on Friday.Electronics and IT Secretary S Krishnan, while briefing on the upcoming Semicon India 2025 event, said […]
Telecom reforms push: Trai develops infra policies for critical communication, EU model cited as benchmark
Infrastructure policies and other elements essential for critical communication in the country are being developed rapidly, Telecom Regulatory Authority of India (Trai) Chairman A K Lahoti said on Friday.Speaking at the Broadband India Forum (BIF) event on critical communications, Lahoti said the regulator has given a series of recommendations to the government to strengthen critical […]
Jobs outlook: 72% of employers plan new hiring in H2 2025, AI seen as catalyst not threat
India’s white-collar job market is expected to see strong momentum in the latter half of 2025, with nearly 72% of employers planning workforce expansion through net new job creation, according to Naukri’s bi-annual Hiring Outlook report released on Friday.The report, based on inputs from 1,300 employers across sectors, said hiring sentiment remains upbeat, with 94% […]