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…
Read More
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…
Read More
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…
Read More
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.
Read More
The latest minutes of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting in August have showed divide between the RBI leadership and government-nominated members over the growth outlook of the Indian economy, according to a report by…
Read More
Sebi chairman Tuhin Kanta Pandey cautioned mutual funds about investing in micro-cap companies due to liquidity constraints and volatility. He also addressed concerns about fraudulent redemptions and urged AMCs to enhance cyber resilience and data protection. Sebi is considering incentivizing…
Read More