Stock Market Updates - Angel One - Page 1016

Fast fashion is renowned not only for its ability to deliver the latest runway trends but also for its affordability. In 2023, the global fashion industry was valued at an impressive $1.7 trillion. While India’s overall fashion market grew by just 6% in FY24, the fast fashion sector saw a robust 30-40% year-on-year growth, with …

In a significant ruling, the Supreme Court of India has reaffirmed that only state governments—not the Centre—have the authority to impose taxes on lotteries. A bench comprising Justices BV Nagarathna and Satish Chandra Sharma dismissed appeals filed by the central government, which had sought to levy service tax on lottery distributors under the Finance Act. …

A significant step towards skill development and employment generation was taken as the Apparel Training & Design Centre (ATDC), Gurugram, signed a Memorandum of Understanding (MoU) with South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited (CIL). The initiative, under the Ministry of Coal’s jurisdiction, aims to empower underprivileged youth from Chhattisgarh and …

The National Payments Corporation of India (NPCI) has introduced a new chargeback rule for Unified Payments Interface (UPI) transactions, effective from 15 February 2025. The rule aims to streamline dispute resolution by automating chargeback acceptance or rejection based on Transaction Credit Confirmation (TCC) and return requests (RET). Understanding Chargebacks in UPI Transactions A chargeback is …

In an effort to safeguard investor interests, the Securities and Exchange Board of India (SEBI) has proposed a structured framework to handle unclaimed funds and securities lying with stockbrokers. According to SEBI, as of January 31, 2024, unclaimed funds in the market had reached ₹323 crore, while unclaimed securities amounted to ₹182 crore. These unclaimed …

The Securities and Exchange Board of India (SEBI) has proposed amendments to the margin pledge system to enhance transparency and prevent the misuse of client securities by brokers. The draft circular, open for public comments until 4 March, aims to address concerns related to brokers retaining invoked securities in their demat accounts, thereby reducing systemic …

The National Commodity & Derivatives Exchange Limited (NCDEX) announced on February 12, 2025, its entry into the equity and equity derivatives segment, marking a significant diversification beyond its traditional agricultural market. The decision was made during the exchange’s 155th Board Meeting held on Wednesday. “The Board of Directors of the Exchange at its meeting held …

On February 12, 2025, the capital market regulator launched an Industry Standards Recognition Manual to guide the formation and functioning of Industry Standards Fora, which helps in implementing regulatory instructions. Launch of Pilot Programme for Industry Standards Fora (ISF) In July 2023, SEBI launched a pilot programme for Industry Standards Fora (ISF) aimed at developing …

Banks in certain states will remain closed on February 12, 2025, for Guru Ravi Das Jayanti and local elections, as per news reports. However, digital banking services will continue to function as usual. Details on Bank Holiday in Select States Guru Ravi Das Jayanti is a significant observance in some regions of India, especially Himachal …

The Reserve Bank of India has mandated that all agency banks remain open on March 31, 2025, which is a public holiday, to process government receipts and payments. This will ensure that transactions are completed within the 2024-25 fiscal year. RBI Instructs Banks to Publicise Services on March 31, 2025 “Banks shall give due publicity …