Pakistan’s Karachi Stock Exchange faced a sharp sell-off on May 7, 2025, as the benchmark KSE-100 index opened nearly 5.7% lower its steepest single-day drop since 2021. This significant fall followed targeted military strikes by India on terror infrastructure across the border, triggering heightened geopolitical tensions in the region. Although the index trimmed some of …
According to Entrackr, DMI Finance has significantly expanded its employee stock ownership plan (ESOP), raising the total pool to $105 million. The digital lending firm passed a board resolution to add 1.18 crore new stock options to its existing 2018 plan, signaling continued focus on employee retention and long-term growth. DMI Finance Adds $36M in …
Indian benchmark indices ended lower on Tuesday, May 6, 2025, amid mild profit booking and mixed global cues. The BSE Sensex fell 155.77 points (0.19%) to close at 80,641.07, while the NSE Nifty 50 declined 81.55 points (0.33%) to settle at 24,379.60. Here are the top gainers and losers for the day: Top Gainers of …
According to the news reports, Himachal Pradesh is grappling with significant fiscal stress, intensified by a sharp reduction in central revenue support. According to reports, the state’s revenue deficit grant has plummeted from ₹8,058 crore in FY24 to ₹3,257 crore in FY26. In response, the state government is actively exploring structural measures to manage its …
According to a report, the Employees’ Provident Fund Organisation (EPFO) is seeking to expand its physical infrastructure to cater to an anticipated increase in its subscriber base, from nearly 70 million to 100 million in the coming years. The move is part of a broader strategy to shift from rented offices to owning its premises …
According to a Moneycontrol report, Jane Street, a global giant in proprietary trading known for handling transactions worth trillions, is now facing regulatory scrutiny in India. The National Stock Exchange (NSE) has reportedly initiated a probe into certain derivatives trades carried out by Jane Street Singapore Pte, a registered Foreign Portfolio Investor (FPI), raising concerns …
The Income Tax (I-T) department has set an unprecedented target for the financial year 2025–26: to settle over 200,000 cases at the Commissioner of Income Tax (Appeals) [CIT(A)] stage. The disputed amount involved stands at a staggering ₹10 lakh crore. This aggressive push represents a substantial increase from FY25, when 1,72,361 cases were resolved involving …
Urban India has witnessed a significant increase in life insurance ownership, which has now reached an all-time high of 78%, according to the India Protection Quotient (IPQ) 7.0 survey by Axis Max Life Insurance in partnership with Kantar. This milestone indicates a growing shift in the mindset of Indian consumers towards prioritising financial security over …
In a move to enhance the governance standards and maintain transparency within market infrastructure institutions, the Securities and Exchange Board of India (SEBI) has announced a crucial update. The regulator has introduced a mandatory cooling-off period for non-independent directors and public interest directors before they can be appointed to competing institutions such as stock exchanges, …
India has proposed a zero-tariff arrangement on select imports from the United States, including steel, auto components, and pharmaceuticals. The offer is part of ongoing trade discussions between the two countries and was made during a visit by Indian trade officials to Washington in late April, according to a Bloomberg report. Tariff Limits and Conditions …
