The Securities and Exchange Board of India (SEBI) has modified the timelines for issuing Consolidated Account Statements (CAS) to improve compliance efficiency. As per a circular issued on Friday, depositories will now have revised deadlines for dispatching CAS, with changes affecting both monthly and half-yearly statements. Updated Deadlines for Monthly CAS Under the new framework, …
The European Union (EU) and the Ministry of Textiles have jointly launched seven projects to enhance India’s textile and handicraft sector. Announced at Bharat Tex, these initiatives aim to promote sustainability, economic empowerment, and resource efficiency across nine states in India. EU’s Funding and Sustainable Growth The projects, backed by an EU grant of EUR …
The Union Agriculture Minister, Shivraj Singh Chouhan, has confirmed that the 19th instalment of the PM Kisan Samman Nidhi Yojana will be released by the end of February 2025. Prime Minister Narendra Modi is expected to personally disburse the funds during his visit to Bihar on 24 February, where he will also participate in agricultural …
The combined market valuation of eight of India’s 10 most valued domestic firms plummeted by ₹2,03,952.65 crore last week, with Reliance Industries suffering the most significant loss. This decline aligns with the continued bearish trend in the broader stock market, as equity benchmark indices Sensex and Nifty extended their losing streak for the eighth consecutive …
Foreign Portfolio Investors (FPIs) continued to pull out capital from Indian equities, offloading ₹21,272 crore in the first two weeks of February. This follows a significant net outflow of ₹78,027 crore in January, bringing the total FPI withdrawal to ₹99,299 crore in 2025, according to depository data. Global Tensions and US Tariffs Trigger Cautious Approach …
The Reserve Bank of India (RBI) has expanded the scope of Unified Payments Interface (UPI) transactions by allowing Small Finance Banks (SFBs) to offer pre-approved credit lines. This decision, announced on February 12, 2025, builds on the RBI’s previous decision in September 2023, when it first introduced credit lines on UPI for scheduled commercial banks …
Reliance Retail has reintroduced the Chinese fast fashion brand, Shein, in India, almost 5 years after the ban. Following a successful test launch on Ajio, Shein now operates through a dedicated app on both the AppStore and GooglePlay. This marks a significant development in India’s fast fashion sector, driven by a partnership between Reliance and …
The Reserve Bank of India (RBI) has imposed restrictions on New India Co-operative Bank due to liquidity issues. From February 13, 2025, the bank is prohibited from granting loans, renewing advances, accepting new deposits, or allowing withdrawals, safeguarding depositors. Restrictions on New India Co-operative Bank to Safeguard Depositors’ Interests The Reserve Bank of India (RBI) …
The week ended Feb 14, 2025, saw the Indian stock market in negative territory, where Nifty 50 closed all 5 sessions in red. During the week, BSE Sensex and Nifty both dropped ~3%, with the highest drop of 1.32% at the closing on February 11, 2025. At the end of the week, i.e., Feb 14, …
The Indian government has introduced the Income Tax Bill 2025 in Parliament, aiming to overhaul the existing Income Tax Act, 1961 (ITA), which has been in force for over 6 decades. The bill seeks to simplify tax laws, enhance compliance, and modernise the taxation system. While it is set to replace the old legislation, its …
