The Securities and Exchange Board of India (SEBI) has taken a significant step to safeguard investor rights by scrutinising the client agreements signed between Mutual Fund Distributors (MFDs) and investors. In particular, SEBI has found that certain clauses in these agreements provide undue indemnification to distributors, effectively shifting the burden of responsibility onto the investor, …
The Employees’ Provident Fund Organisation (EPFO) has announced new measures to simplify and speed up the online withdrawal process for its members. Two major requirements have been removed to reduce delays and claim rejections. Cancelled Cheques No Longer Required EPF members are no longer required to upload a cancelled cheque or passbook copy when submitting …
According to news reports, India is considering a phased reduction of auto import tariffs from over 100% to 10% as part of its ongoing trade negotiations with the European Union, according to government and industry-related reports. Ongoing Trade Talks The trade talks between India and the EU have been ongoing for several years. In February …
In 2024, one in five reported cyberattacks in India targeted the Banking, Financial Services, and Insurance (BFSI) sector. This data was published in the Economic Survey 2025. The volume and complexity of threats are expected to rise in 2025. Digital Threat Report 2024 Released The Ministry of Electronics and Information Technology (MeitY), along with CERT-In, …
Credit card defaults in India have increased sharply in 2024. According to the latest data from the Reserve Bank of India (RBI), non-performing assets (NPAs) in the credit card segment rose 28.42% year-on-year, touching ₹6,742 crore as of December 2024. This is a rise of nearly ₹1,500 crore from ₹5,250 crore in December 2023. Credit …
April 14 (Monday) marks Ambedkar Jayanti, commemorating the birth of Dr. B.R. Ambedkar, and also coincides with regional New Year festivities like Vishu, Bihu, and Tamil New Year. As a result, banks will remain shut in several states. To check the complete list of state-wise bank holidays, read below. Stock Market Holiday on Ambedkar Jayanti …
Imagine Marketing, the parent company of popular wearables brand boAt, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) through the confidential pre-filing route. This mechanism allows the company to keep the details of its draft red herring prospectus (DRHP) private during the early regulatory …
Bears have taken firm control of Dalal Street, dragging the market capitalisation (market-cap) of Indian listed companies down by a staggering ₹29.03 trillion since March 24, 2025, according to the BSE data. The steep fall comes as global risk-off sentiment intensified following escalating tariff tensions between the United States and China. Tariff War Triggers Massive …
On Monday, April 7, 2025, the capital markets regulator SEBI imposed a ₹7 lakh fine on Reliance Securities for failing to comply with stockbroker regulations. As per an SEBI order, the penalty must be paid within 45 days. Investigation by SEBI This action follows an inspection conducted by SEBI from December 22, 2022, to January …
GIFT Nifty, a key indicator for Indian markets, was up 158 points (0.70%) at 22,645.50 as of 08:25 AM. This suggests a positive market opening amid cautious investor sentiment. On April 7, 2025, the NSE Nifty closed sharply lower by 3.24%, falling 742.85 points to settle at 22,161.60, while the BSE Sensex declined 2.95%, dropping …
