On April 7, 2025, Nifty Bank opened on a weak note at 49,336.10, down from its previous close of 51,502.70. By 10:08 AM, the index had slipped further to 49,800.25, marking a decline of 3.31%. During the same period, it hit its intraday low of 49,242.25. Amidst the overall weakness, none of the stocks in …
In a significant step to enhance transparency and audit efficiency, the Securities and Exchange Board of India (SEBI) on Friday unveiled a standardised format for system and network audit reports for Market Infrastructure Institutions (MIIs). These include stock exchanges, clearing corporations, and depositories. The new framework will be applicable to audits conducted in the fiscal …
The Securities and Exchange Board of India (SEBI) on Friday issued the operational framework for its new performance validation agency—the Past Risk and Return Verification Agency (PaRRVA). This initiative aims to regulate and verify claims about past performance made in advertisements by intermediaries like investment advisors, research analysts, and stock brokers. Pilot Phase and Objectives …
IT services firm Mphasis has been issued a tax demand totalling ₹232.37 crore by the Income Tax Department for the financial years 2018–19 and 2019–20. The company has stated that it will challenge the order and expects no significant financial impact. Tax Demand Linked to Foreign Payments As per a regulatory filing by the company, …
Tensions between the world’s two largest economies continue to escalate. Following the United States’ sweeping tariff hike announced by President Donald Trump, China has hit back with a major retaliatory measure, signalling a deepening trade war with global implications. New Tariff Matches U.S. Rate China announced on April 4, 2025, that it will impose a …
India’s services sector growth eased in March 2025, according to the latest HSBC India Services Purchasing Managers’ Index (PMI) released by S&P Global. While the expansion remained strong, the momentum slightly weakened due to softer demand, slower foreign orders, and moderated hiring activity. Services PMI Slips but Remains Firm The Services PMI slipped to 58.5 …
The Indian rupee surged past the 85 mark against the US dollar in early trade on Friday, April 4, for the first time since December 2024. The appreciation followed a broad-based decline in the US dollar, triggered by recent global developments. At the interbank foreign exchange market, the rupee opened at 85.07 and quickly strengthened …
Foreign portfolio investors (FPIs) have pulled out ₹10,355 crore from Indian equity markets over the last four trading sessions of April (April 1 to April 4), as global markets reel from sweeping tariffs imposed by the United States on several nations, including India. The sudden policy shift has sparked investor anxiety and triggered a sharp …
When comparing salaries across borders, many are dazzled by the higher numbers abroad. But bigger isn’t always better. A salary of ₹75 lakh in New York may sound impressive, but it may not go as far as ₹25 lakh in Mumbai when adjusted for the cost of living. Let’s explore why, through the lens of …
The Securities and Exchange Board of India (SEBI) has launched a ‘Document Number Verification System’ (DNVS) to enhance transparency and public trust in its operations. This initiative ensures that all official documents issued by SEBI can be verified for authenticity, strengthening the regulator’s credibility and preventing fraudulent communications. Unique Outward Number for Every Communication Under …
