The Enforcement Directorate (ED) is learnt to have offered the option of closing a FEMA violation case against e-commerce major Flipkart if the Walmart group firm admits its mistake and pays a penalty, sources aware of the development said. Photograph:
Stock market investors this week would track the renewed tariff tensions between the US and China, domestic inflation data, besides, quarterly earnings from blue-chips HCL Tech, Infosys and Reliance Industries would also drive the momentum in equities, analysts said. Illustration:
The National Stock Exchange (NSE) faces around 170 million cyberattacks daily, requiring a dedicated team of “cyber warriors” to work around the clock to ensure uninterrupted operations. Photograph: ANI Photo The NSE recorded its highest-ever 40 crore (400 million) cyberattacks
Net inflows into equity mutual funds (MFs) moderated for the second straight month in September, declining 9 per cent during the month to Rs 30,422 crore. Illustration: Dominic Xavier/Rediff The slowdown came as redemptions from active equity schemes rose 30
Private equity investments in Indian real estate dropped 15 per cent in July-September to $819 million amid global uncertainties, according to property consultant Anarock. Illustration: Dominic Xavier/Rediff The private equity (PE) inflow stood at $967 million in the year-ago period.
The escalating trade war between the US and China is expected to benefit Indian exporters in increasing their shipments to the American market, according to experts. Photograph: Tatiana Meel/Reuters Federation of Indian Export Organisations president S C Ralhan said that
While the new income tax law replaces the Income Tax Act, 1961 and omits 13 offences, 35 actions and omissions continue to attract criminal liability under 13 provisions. Photograph: Kind courtesy Niti.gov.in NITI Aayog on Friday released the second
Amidst growing competition and global softening of EV demand, its India entry was due for a long time and that finally happened sometime back although yet again the approach was different. Photographs: Somnath Chatterjee Tesla is a name which transcends
Tata Consultancy Services (TCS) on Friday announced the launch of an Artificial Intelligence (AI) Experience Zone and Design Studio in London, and said its continued investments in the UK will create 5,000 new jobs across the country over the next
India’s forex reserves fell by $276 million to $699.96 billion during the week ended October 3, according to RBI data. Illustration: Dado Ruvic/Reuters In the previous reporting week, India’s forex reserves had dropped by $2.33 billion to $700.24 billion.
