RBI MPC member Nagesh Kumar urged the government to offer policy incentives for R&D and establish an institutional fund for long-term manufacturing capital in the upcoming Budget. He also suggested restoring the 200% weighted tax deduction for R&D expenditure and…
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Regulators are set to tighten oversight on how companies use money raised from IPOs. Rating agencies will soon be able to directly inform stock exchanges about companies meeting end-use norms. This move aims to prevent fund diversion. The process for…
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The Enforcement Directorate has seized two luxury apartments valued at Rs 73 crore belonging to Anmol Singh Jaggi, promoter of Gensol Group and Bluesmart Mobility. This action is part of two money laundering investigations. Bank deposits totaling Rs 14.28 crore…
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This move aims to determine a fair and transparent closing price, mirroring global practices. Initially, CAS will apply to stocks with derivative contracts, with a phased rollout planned.
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The Securities and Exchange Board of India (Sebi) is proposing to scrutinize market indices heavily used by mutual funds, particularly those with over ₹20,000 crore in assets. A new framework will identify ‘significant indices,’ requiring their providers to register with…
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According to a recent report by Moody’s Ratings, India’s insurers are set to see a gradual improvement in profitability as strong premium growth, tax relief on life and health policies, and rising digital adoption support demand. However, underwriting pressures from…
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