Photograph: ANI Photo The Securities and Exchange Board of India (Sebi) on Wednesday overhauled the cost framework for the ₹80 trillion domestic mutual fund industry, introducing a simplified structure aimed at improving transparency for investors while balancing the impact on
Markets regulator Sebi board on Wednesday approved a series of measures aimed at improving investor convenience, easing compliance norms, and deepening participation in the capital and debt markets. Photograph: Francis Mascarenhas/Reuters As part of the changes, the board, in its
The country’s largest IT services firm Tata Consultancy Services on Wednesday outlined an aggressive plan to become the “world’s largest AI-led technology services company” as CEO K Krithivasan shared that the company has logged about $1.5 billion in annualised revenue.
Stock markets declined for the third consecutive day on Wednesday, with benchmark Sensex closing lower by 120 points at a week’s low due to relentless foreign fund outflows. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex edged lower by 120.21 points
Finance Minister Nirmala Sitharaman on Tuesday said that raising the FDI limit to 100 per cent in the insurance sector will help attract more capital, improve competition and increase insurance penetration by making policies more affordable. Illustration: Dominic Xavier/Rediff Replying
The Centre has notified the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM) with an outlay of Rs 7,280 crore. IMAGE: A sample of bastnaesite ore, a mineral used in the rare earth industry. Photograph: Maxim Shemetov/Reuters
After completion of its mandatory tender offer in Fortis Healthcare and Fortis Malar Hospitals, Malaysian health care giant IHH Healthcare is aiming to add 2,000 beds in a bid to double down on value creation in India. Photograph: Saumya Khandelwal/Reuters
The rupee fell 23 paise against the greenback to settle at a new all-time low of 91.01 (provisional) on Tuesday, weighed down by relentless foreign fund outflows, no breakthrough in India-US trade deal, and persistent US dollar buying. Illustration: Dominic
While 28,141 applicants accepted internship in round one, in the second phase this was down to 24,638. Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Under the Prime Minister Internship Scheme (PMIS),
Gold prices surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams in the national capital on Monday, tracking firm global cues, according to the All India Sarafa Association. Photograph: Arnd Wiegmann/Reuters The precious metal
