The Union Budget 2025 has introduced significant changes to the import duties on luxury vehicles. With a notable reduction in the Basic Customs Duty (BCD) for cars priced above $40,000 (approximately ₹35 lakh), premium brands like Mercedes-Benz are set to witness an impact on their pricing in India. But how much will this affect the …
Bajaj Finance Ltd., one of India’s leading non-banking financial companies (NBFCs), has reportedly received a “letter of displeasure” from the Reserve Bank of India (RBI) regarding its co-branded credit card operations. The central bank has raised concerns over the company’s internal controls, risk management practices, and its role in co-branding arrangements with partner banks. RBI …
Over the past decade, the Pradhan Mantri Mudra Yojana (PMMY) has played a crucial role in providing financial support to small and micro enterprises across India. A recent report by the State Bank of India (SBI) highlights how the distribution of MUDRA loans has evolved, particularly in states with historically lower financial inclusion. The findings …
The Securities and Exchange Board of India (SEBI) has imposed a penalty of ₹5.2 crore on stockbroker OPG Securities and its directors in connection with the National Stock Exchange (NSE) co-location matter. The case relates to unfair access to NSE’s secondary market servers. Breakdown of Penalty SEBI issued a ₹5 crore fine on OPG Securities …
The Indian stock market continued its upward trend for the third straight session on Wednesday, March 19, 2025. Both the BSE Sensex and NSE Nifty50 ended the day with modest gains, supported by strong performances in select sectors. The 30-share BSE Sensex hit an intra-day high of 75,568.38 before closing at 75,449.05, gaining 147.79 points …
On March 19, BSE Sensex and NSE Nifty registered gains. The Sensex closed at 75,449.05, up 147.79 points (0.20%), while the Nifty 50 settled at 22,907.60, rising 73.30 points (0.32%). Top Gainers of the Day Symbol LTP (₹) % Change Volume SHRIRAMFIN 667.4 3.91% 98,19,043 HDFCLIFE 665.1 3.83% 24,70,328 APOLLOHOSP 6430 2.93% 5,79,873 TATASTEEL 158.54 …
The bidding war for Jaiprakash Associates Ltd (JAL) has intensified, with some of India’s largest business conglomerates throwing their hats in the ring. Major players such as JSW, Dalmia Bharat, Jindal Power, Vedanta, GMR, Welspun, and Torrent have all submitted expressions of interest (EoIs) as JAL undergoes court-monitored insolvency proceedings as per the Economic Times …
The Securities and Exchange Board of India (SEBI) has approved a key change in its regulatory framework for foreign portfolio investors (FPIs), raising the disclosure threshold from ₹25,000 crore to ₹50,000 crore. The decision, announced on Monday, March 24, 2025, aims to enhance market transparency and ensure better compliance with the Prevention of Money Laundering …
On April 2, 2025, U.S. President Donald Trump announced new reciprocal tariffs, aiming to match the duties imposed on U.S. goods by other nations. Tariff Rates for Different Countries Speaking from the White House Rose Garden, Trump declared a minimum baseline tariff of 10%, with higher rates for specific countries: 34% for China, 24% for …
On Wednesday, April 3, 2025, the capital market regulator, the Securities and Exchange Board of India (SEBI), announced new guidelines allowing investment advisers (IAs) and research analysts (RAs) to charge advance fees for up to 1 year. This is an update from the previous rules, where IAs could charge fees in advance for up to …
