In a significant move, Sebi has prohibited Copthall Mauritius Investments and Mansi Share & Stock Broking for engaging in manipulative transactions. Accusations arose regarding their illicit gains made during the Sensex Closing Auction Session, resulting in the confiscation of Rs…
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China’s growing demand for Russian crude oil is impacting India’s supply. India’s imports from Russia’s European ports have significantly decreased recently. This shift means India struggles to replace its reduced Russian oil volumes. Consequently, India’s total crude imports have reached…
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The Indian equity market rebounded on Thursday, with the Sensex rising over 400 points and the Nifty holding above 24,200, snapping a week-long losing streak. The recovery came on the back of falling US bond yields, short-covering and other factors…
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The Department of Expenditure has asked procuring entities to avoid excessively high turnover and headcount criteria in consultancy tenders, warning that such norms can restrict competition and favour only the largest consulting firms.
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India’s food safety regulator inspected a Pernod Ricard factory last week. Inspectors collected liquor samples and sought documentation from the Bengaluru plant. The regulator also advised improvements in plant hygiene and bottle markings. This inspection follows similar scrutiny of the…
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The tax probe has found that a substantial portion of the money moved to a handful of overseas destinations. Singapore, the UAE, Hong Kong, Mauritius and China together accounted for 72.3% of the total remittances. Singapore emerged as the largest…
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