[ad_1] <p> Axis Securities<br></p> NEW DELHI: The Securities and Exchange Board of India (Sebi) has imposed a Rs 10 lakh penalty on Axis Securities for breaching stockbroker regulations and other compliance norms. The firm has been directed to pay the fine within 45 days, the regulator stated in its order issued on Friday.In its 82-page…
[ad_1] NEW DELHI: As govt begins its homework for the proposed trade deal with the US, it has indicated its willingness to engage in tariff reduction with Trump administration on a bilateral basis, arguing that with an “aggressive neighbourhood” in China duties cannot be lowered significantly for all trading partners, while hoping to get a…
[ad_1] The domestic pharma industry in India may not face significant impact from potential US tariffs on pharmaceutical exports. Indian generics, which dominate exports and are in continuous demand, could absorb additional costs. Key industry players are awaiting further details on the tariffs while engaging in bilateral talks. NEW DELHI: The domestic pharma industry may…
[ad_1] NEW DELHI: Maruti’s Japanese parent Suzuki appears to be recalibrating its electric vehicles strategy in India with plans to launch four new electric cars by 2030, against an initial target of having six vehicles. The company, however, is retaining its target of having 15% contribution from electrics as it estimates a production of four…
[ad_1] MUMBAI: In a move aimed at improving liquidity in the banking system, the RBI has said that it will conduct a USD/INR buy/sell swap auction on Feb 28 to inject Rs 86,000 crore into the banking system. The auction, aimed at meeting long-term liquidity needs, will involve a $10 billion swap with a three-year…
[ad_1] NEW DELHI: Spectrum for satellite connectivity in rural and hard-to-reach areas can be given on shared basis but when it comes to urban areas, regulator Trai and govt need to come out with a policy that “does not discriminate” against the terrestrial providers, Sunil Mittal, chairman of Bharti group, said on Friday.Satellite connectivity is…
[ad_1] Niti Aayog CEO BVR Subrahmanyam emphasized that India must reduce tariffs for its own benefit, regardless of external pressures. He highlighted the need for India to prioritize openness to global markets and finalize trade agreements with major economies like the EU and UK. Deregulation at both central and state levels is also crucial for…
[ad_1] MUMBAI: The board of Tata Capital, which is preparing for an initial public offering (IPO), will meet on Tuesday to discuss a potential fund-raise through a rights issue. The Reserve Bank of India has classified Tata Capital as an upper-layer non-banking financial services company (NBFC) and has directed the firm to list its shares…
[ad_1] KANCHEEPURAM: The centre of Indian trade union (CITU) has decided to double down the pressure on Samsung Electronics management by intensifying protests, announcing one-day strike in the industrial hub of Kancheepuram and state-wide protests against showrooms selling Samsung consumer durables. E Muthukumar, CITU Kancheepuram district functionary, said one-day industrial strike will be held on…
[ad_1] MUMBAI: RBI governor Sanjay Malhotra in his maiden monetary policy committee (MPC) meeting had said that it was an ‘appropriate time’ to cut rates, given the macroeconomic outlook and expected inflation alignment with the target. Malhotra had argued that monetary easing, along with agricultural growth and budgetary measures, would stimulate household consumption, housing investment…
