JP Morgan Chase has settled a case with Sebi over alleged Foreign Portfolio Investor rule violations. The bank paid Rs 34.42 lakh to resolve the matter. Sebi found JP Morgan Chase had granted licenses to unregistered entities and delayed acting…
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The rules have raised house rent allowance limits to 50% of salary in eight major cities including Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Pune, Ahmedabad and Bengaluru, while mandating disclosure of landlord-tenant relationships.
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The demand, which includes interest payment, was raised after scrutiny of the assessment proceedings conducted for the said period, SBI said in a stock exchange notice.
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The Reserve Bank has fined Hongkong and Shanghai Banking Corporation Rs 31.8 lakh. This penalty is for not following rules on inoperative accounts and unclaimed deposits. The bank failed to host a searchable database of unclaimed deposits on its website.…
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India’s crude oil imports have significantly declined this month, dropping 23% due to a sharp contraction in supplies from the Gulf. Refiners are compensating by nearly doubling purchases from Russia and increasing imports from African nations, while Saudi Arabian supplies…
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President Donald Trump said Friday that he was considering “winding down” military operations against Iran, as the United States temporarily eased sanctions on Iranian oil shipments to stem a global supply crisis. Amid growing concern over oil prices and global…
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