Securities and Exchange Board of India (SEBI) has set up a working group to review the regulatory framework for mutual fund distributors (MFDs) and address overlaps between distributors and investment advisers (IAs), chairman Tuhin Kanta Pandey said on Monday.
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India still has a meaningful tax buffer to absorb crude shocks, as excise duties of Rs 19.9 per litre on gasoline and Rs 15.8 per litre on diesel can be cut to protect retail prices until about $110 per barrel…
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A parliamentary panel has flagged the Ministry of Social Justice and Empowerment for surrendering nearly a quarter of funds sanctioned for Scheduled Caste welfare schemes. The committee found the ministry’s inability to utilize allocated funds and its consistent budget scaling…
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Audit inspection reports highlight gaps in independence monitoring, fraud risk assessment, documentation and related party scrutiny.
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Jaguar Land Rover, recovering from a costly cyberattack, is reinforcing its “house of brands” strategy by assigning financial responsibility to each brand and elevating procurement to the board. New CEO PB Balaji emphasizes faster execution of the existing strategy, focusing…
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Crude oil prices surged over 2% as supply concerns intensified with the Strait of Hormuz largely shut. European allies declined U.S. calls to escort tankers, prompting President Trump’s criticism. The UAE has halved production due to the disruption, raising fears…
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