LIC, which acquired a controlling stake in IDBI Bank in 2019, will be reclassified as a public shareholder after the bank’s strategic disinvestment. SEBI has approved the reclassification, capping LIC’s voting rights at 10% and requiring it to reduce its…
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The Dow Jones Industrial Average rose 846.24 points, or 1.89%, to 45,631.74, surpassing its most recent record close on December 4, 2024. The S&P 500 gained 96.74 points, or 1.52%, to 6,466.91 and the Nasdaq Composite gained 396.22 points, or…
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Donald Trump announced the U.S. government would acquire a 9.9% stake in Intel for $8.9 billion, funded by CHIPS Act grants, aiming to bolster Intel’s chip manufacturing capabilities. This move, part of a broader interventionist approach, raises concerns about government…
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Indian fashion jewellery makers are struggling. Chinese imports have surged, becoming much cheaper due to alleged duty evasion. This is hurting local businesses in Mumbai, Rajkot, and other hubs. Manufacturers are cutting production and jobs. The government has been notified…
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In protection products, commissions initially range between 35% and 40% before tapering off, averaging about 5-6% over time. On top of this, insurers incur about 10% in other expenses. Currently, service tax of around 2% on such costs is offset…
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The Reserve Bank of India (RBI) appointed Indranil Bhattacharyya as an ex-officio member of the Monetary Policy Committee. The move follows his recent promotion as ED of the RBI MPC replacing Rajiv Ranjan.
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