MUMBAI: Discounting volatility in the stock market, investors poured in money through the mutual fund route that led to a record Rs 32,297 crore in gross monthly inflows through the systematic investment plan (SIP) route in Aug. This, combined with strong buying across most equity mutual fund categories, lifted the total assets managed by the … Read more
NEW DELHI: Apple could bring more buyers to foldables without winning most of them. Foldable phones have flexible screens that let them open into larger displays or fold into more compact devices. The Cupertino-based company’s entry with the iPhone Duo is expected to draw attention to a smartphone category that remains small in India, while … Read more
NEW DELHI: Emerging sectors, such as space, data centers, solar energy, semiconductors and electronics are set to drive the next phase of industrial revolution in India as the large domestic opportunity is driving private participation.Supportive govt policies, such as tax holidays for establishing data centres, large incentive schemes for boosting semiconductor production, electronics and solar … Read more
MUMBAI: Sebi chairman Tuhin Kanta Pandey on Thursday said that the newly introduced Closing Auction Session (CAS) will stay but the regulator is studying if the mechanism to arrive at derivatives settlement prices could be changed. Pandey also said that MSCI, one of the largest index service providers in the world, has acknowledged that even … Read more
MUMBAI: Bahrain’s high civil court rejected all seven legal proceedings filed against HDFC Bank by investors over Credit Suisse Additional Tier 1 (CS AT1) bonds, with the latest two cases dismissed on Sept 9, the bank said on Thursday. Five similar cases were rejected by the court between July and Aug.AT1 bonds are risky instruments … Read more
NEW DELHI: From Jan, e-commerce entities will have to display both the “reduced price” and “prior price” whenever they announce a price cut, including during festive sale seasons. The “prior price” will be the lowest price at which the product was offered up to 30 days before the announcement of discount.The provision is part of … Read more
New Delhi: Having secured nearly 2,000 convictions in food safety cases across the country, Food Safety and Standards Authority of India (FSSAI) is now stepping up enforcement, including holding e-commerce platforms responsible for products sold through them and proposing stricter action against high-fat, sugar and salt (HFSS) foods near schools, its CEO Rajit Punhani said … Read more
The Income Tax Assessing Officer (AO) issuing a notice under Section 148 on March 29, 2017. This is the case of a senior citizen woman who fought for nine years and won a case against the Income Tax Department’s tax demand. She had been issued a tax notice after it was found that she had … Read more
FATF vice-president Vivek Aggarwal asked the fintech industry to step up their investments to counter emerging threats from AI, scam compounds and other technologies and said these challenges are a major risk to India’s growth story MUMBAI: Vivek Aggarwal, the first Indian bureaucrat elected to the Financial Action Task Force (FATF), said risks from virtual … Read more
The government’s amendments target price transparency, search rankings, sponsored listings, dark patterns, consumer complaints and data use on e-commerce platforms NEW DELHI: The government has amended the Consumer Protection (E-Commerce) Rules, 2020, notified under the Consumer Protection Act, 2019, to tighten norms governing how online marketplaces display prices, search results and sponsored content, while imposing … Read more