[ad_1] MUMBAI: Markets regulator Sebi has eased norms for security receipts – issued by asset reconstruction companies (ARCs) to manage bad loans – by allowing smaller finance companies to invest in the financial instruments. Sebi’s outgoing chief Madhabi Puri Buch in a notification on Feb 28, her last day in office, allowed smaller NBFCs and…
[ad_1] BENGALURU: India’s technology sector expanded its workforce by 1.2 lakh people in 2024-25, with global capability centres (GCCs) accounting for over 1 lakh of these roles. It is significant that GCCs hired over 100,000 professionals during this period, up from 90,000 last year. Overall, the tech industry has 5.8 million employees.Through the first nine…
[ad_1] MUMBAI: Aggressive selling by foreign investors amid increasing Trump tariff-driven uncertainties shaved off 1,414 points or nearly 2% from the sensex on Friday and left investors poorer by about Rs 9 lakh crore. The broader Nifty is down for the fifth month in a row — its longest losing streak in terms of points…
[ad_1] NEW DELHI: Foreign portfolio investors (FPIs) maintained their selling streak in February, pulling out Rs 34,574 crore from Indian equities, as per data from the National Securities Depository Limited (NSDL).The sell-off was particularly strong in the final week of the month, with FPIs offloading Rs 10,905 crore worth of shares between February 24 and…
[ad_1] NEW DELHI: India’s economy is expected to see a boost in Q4FY25, supported by a sustained increase in government spending and capital expenditure (Capex), alongside a pickup in consumption driven by the Maha-Kumbh and wedding season, according to a report by Union Bank of India.The report added that the Reserve Bank of India (RBI)…
[ad_1] NEW DELHI: Spending on Artificial Intelligence (AI) technologies will grow at 2.2x the rate of overall digital technology spending in the next three years, generating an India economic impact of over USD 115 billion by the end of 2027, according to a latest report by International Data Corporation (IDC).IDC further predicts that by 2027,…
[ad_1] Sebi chief Tuhin Kanta Pandey MUMBAI: Tuhin Kanta Pandey, a career bureaucrat who was till recently finance secretary to central govt, took charge as the 11th chairperson of Sebi on Saturday. He replaces Madhabi Puri Buch, whose three-year tenure ended on Friday. Before assuming charge, Pandey set out four distinct objectives for the market…
[ad_1] NEW DELHI: Economic affairs secretary Ajay Seth has been given additional charge of the revenue department, according to an official order on Saturday. The vacancy at the revenue department was created after former finance secretary Tuhin Kanta Pandey was appointed chairman of market regulator – Securities and Exchange Board of India (Sebi). Pandey held…
[ad_1] NEW DELHI: Goods and services tax collections rose 9.1% to Rs 183,646 crore during February on the back of double-digit rise in the mop up from domestic sources. On a gross basis, GST from domestic sources, which refers to transactions within the country, rose 10.2% to Rs 1,41,945 crore, while those related to imports…
[ad_1] A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades.The original cryptocurrency tumbled as much as 7.2% to $78,226 at one point Friday,…
