Articles for category: Business

Market News

Sebi fines BGR Energy Systems ₹9 lakh for serious disclosure lapses and violation of market regulations, jeopardizing investor trust.

Sebi fines BGR Energy Systems ₹9 lakh for serious disclosure lapses and violation of market regulations, jeopardizing investor trust.

BGR Energy Systems Ltd has been fined Rs 9 lakh by the Securities and Exchange Board of India (Sebi) for failing to meet disclosure requirements and violating Market regulations. A recent investigation revealed that the company did not comply with the Listing Obligations and Disclosure Requirements (LODR) rules, particularly concerning the late submission of audited ...

Market News

India and the US seek agricultural partnership, boosting trade and sustainability amid complex regulatory challenges and burgeoning seafood exports.

India and the US seek agricultural partnership, boosting trade and sustainability amid complex regulatory challenges and burgeoning seafood exports.

A senior official from ITC emphasized the importance of boosting agricultural productivity and improving food distribution between India and the US during a panel at the Indo-US Economic Summit. Sanjeev Bhat highlighted the growing trade in agricultural products, particularly seafood, rice, and spices, which is seeing a significant yearly increase. With plans for a new ...

Market News

India’s UPI seeks global expansion, negotiating digital payment systems in Africa and South America, aiming for launches by 2027.

India’s UPI seeks global expansion, negotiating digital payment systems in Africa and South America, aiming for launches by 2027.

India is actively working with several countries in Africa and South America to establish digital payment systems based on its successful Unified Payments Interface (UPI) model. Ritesh Shukla, CEO of NPCI International Payments Ltd, announced that two projects are expected to launch by early 2027, following agreements with Peru and Namibia earlier this year. The ...

Market News

Fans are outraged as Coldplay and Diljit Dosanjh concert tickets sell out rapidly, amid rampant scalping and legal controversies.

Fans are outraged as Coldplay and Diljit Dosanjh concert tickets sell out rapidly, amid rampant scalping and legal controversies.

Fans of Coldplay and Indian singer Diljit Dosanjh faced major disappointment when ticket sales for their concerts crashed, with over 1.3 crore people trying to buy just 1.5 lakh tickets. Coldplay’s January 2025 concert in Mumbai sold out in under an hour, leading to an uproar on social media. Many ticket prices on resale platforms ...

Market News

M2P Fintech secures Rs 850 crore funding, eyes expansion in Africa’s growing fintech landscape and strengthening operations in Asia.

M2P Fintech secures Rs 850 crore funding, eyes expansion in Africa’s growing fintech landscape and strengthening operations in Asia.

M2P Fintech, a banking infrastructure company, recently announced it has raised Rs 850 crore in its series D funding round, with a valuation exceeding Rs 6,550 crore. The round was led by Helios Investment Partners and included existing investor Flourish Ventures. The funds will support M2P’s operations in India and aid its expansion into Africa, ...

Market News

SEBI proposes streamlined application process for FPIs, reducing redundancy by auto-filling data to save time and effort.

SEBI proposes streamlined application process for FPIs, reducing redundancy by auto-filling data to save time and effort.

To simplify the application process for Foreign Portfolio Investors (FPIs), the Securities and Exchange Board of India (Sebi) has proposed a shortened Common Application Form (CAF). This new version will only ask for details unique to the applicant, while most other information will be auto-filled from existing records. Sebi aims to streamline the onboarding experience, ...

Market News

JSW Group commits to its Rs 40,000 crore EV project in Odisha, amid rumors of relocating to Maharashtra, despite delays.

JSW Group commits to its Rs 40,000 crore EV project in Odisha, amid rumors of relocating to Maharashtra, despite delays.

The JSW Group has confirmed it is not withdrawing its proposed Rs 40,000 crore electric vehicle (EV) and battery project from Odisha, despite media reports suggesting a shift to Maharashtra. Ranjan Nayak, an executive from the company, emphasized their commitment to the original plan, which includes setting up a significant manufacturing facility and related units ...

Market News

Shaktikanta Das emphasizes resilience through strong fundamentals to combat global uncertainties and enhance emerging markets’ stability.

Shaktikanta Das emphasizes resilience through strong fundamentals to combat global uncertainties and enhance emerging markets’ stability.

Shaktikanta Das, the Governor of the Reserve Bank of India, emphasized the importance of strengthening fundamental economic practices to navigate global uncertainties. Speaking at the Himalaya Shumsher Memorial, he highlighted that a strong commitment to inflation targets, maintaining reserve buffers, and implementing prudent financial policies are essential for the resilience of emerging Market economies (EMEs). ...

Market News

SEBI proposes streamlined application process for FPIs, reducing redundancy by auto-filling data to save time and effort.

Sebi probes investment banks for inflated IPO fees, revealing potential malpractices in India’s booming small business offerings.

India’s securities regulator, SEBI, is investigating six investment banks over high fees related to small business IPOs, which are reportedly reaching 15% of funds raised—far above the typical 1-3% range. This investigation, which started earlier this year, aims to combat malpractice in a booming IPO Market. SEBI is concerned that these inflated fees encourage artificial ...

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