The Securities and Exchange Board of India (SEBI) has taken a significant step towards expediting the capital-raising process for companies by reducing the timeline for completing rights issues to 23 days. This move is aimed at making rights issues a faster and more efficient alternative to preferential issues, which typically take around 40 days. The …
The BSE Sensex closed at 74,029.76 down 72.56 points (-0.10%), while the Nifty 50 ended at 22,470.50, falling 27.40 points (0.12%). US President Donald Trump initially announced a plan to double tariffs on Canadian steel and aluminium imports but later reversed his decision within hours, as per news reports. Sectoral Performance NIFTY IT index experienced a …
New Delhi, Mar 12 (PTI): Sexual health and wellness startup Allo Health has raised ₹16 crore in a pre-series A round led by Zerodha’s Rainmatter, with participation from existing investors. The funds will be used to accelerate clinic expansion, AI-driven treatment protocols, and patient-first healthcare innovations, a company statement said. The Bengaluru-based firm has over …
The Maharashtra government has announced an increase in the Motor Vehicle Tax for private CNG and LPG vehicle owners, raising it by 1%. This tax adjustment applies solely to non-commercial vehicles, excluding public transport options such as auto-rickshaws, taxis, and buses. The move is expected to impact buyers looking for more economical and eco-friendly fuel …
The PM Internship Scheme 2025 offers young graduates and diploma holders an opportunity to gain industry exposure and practical experience across various sectors. Initially launched with an earlier deadline, the Ministry of Corporate Affairs (MCA) has now extended the registration period, allowing more candidates to apply until March 31, 2025. Aspiring interns can register and …
In a landmark decision, the Gauhati High Court ruled that fruit pulp and juice-based carbonated drinks, including those by X’SS Beverage, should be taxed at 12% GST instead of the higher 28%. This ruling comes as a relief to manufacturers producing such drinks, as it recognises the essential nature of fruit juice in these products …
The Reserve Bank of India (RBI) has announced the imminent release of new ₹100 and ₹200 denomination banknotes. These notes will belong to the Mahatma Gandhi (New) Series and will bear the signature of Shri Sanjay Malhotra, the newly appointed RBI Governor. The introduction of these banknotes is a standard procedural update that follows the …
March 13 marks Holika Dahan, a significant festival in India, leading to bank holidays in select states. As per RBI regulations under the Negotiable Instruments Act, banks observe holidays based on regional customs. If you have banking tasks, check if your state observes a holiday. Meanwhile, stock markets (BSE and NSE) will operate as usual …
The Sahara Group’s cooperative societies have faced numerous complaints regarding the non-payment of deposits. With 5.42 lakh depositors and ₹1,13,504 crore in total deposits as of March 31, 2023, the Supreme Court intervened to ensure refunds. In a landmark order on March 29 2023, the court directed ₹5,000 crore from the Sahara-SEBI Refund Account to …
NSE Indices Limited, the index services subsidiary of the National Stock Exchange (NSE), has launched a new sectoral index, Nifty Chemicals. The index is designed to track the performance of chemical sector stocks within the Nifty 500. Index Composition The Nifty Chemicals Index consists of the top 20 stocks from the chemical sector, selected based …
