Mirae Asset Investment Managers (India) Pvt. Ltd., through its International Financial Services Centre (IFSC) branch at GIFT City, has introduced a new global investment avenue—the Mirae Asset Global Allocation Fund IFSC. This newly launched Category III Alternative Investment Fund (AIF) aims to tap into international growth sectors, particularly artificial intelligence (AI) and semiconductors, through a …
In a significant move aimed at strengthening the financial reporting framework in India, the Institute of Chartered Accountants of India (ICAI) has proposed a new accounting standard, Ind AS 118. According to ICAI President Charanjot Singh Nanda, this standard is expected to improve the quality and clarity of financial disclosures without altering how companies measure …
In a strategic move to widen the reach and impact of health insurance in India, the Insurance Regulatory and Development Authority of India (IRDAI) has launched a shared hospital network and an expedited cashless claims mechanism. This initiative aims to improve affordability and transparency while reducing financial burdens on policyholders. Uniform Treatment Rates Based on …
The Competition Commission of India (CCI), in a majority decision, has accepted the settlement proposal submitted by Google in connection with its conduct in the Android TV operating system market. This settlement was processed under Section 48A(3) of the Competition Act, 2002, and the recently notified Competition Commission of India (Settlement) Regulations, 2024. The case …
Adani Realty is set to embark on one of its most ambitious real estate projects to date—a sprawling township in Navi Mumbai. Spanning over 1,000 acres, this project is expected to be the largest in the company’s portfolio, surpassing its previous ventures like the 600-acre Shantigram in Ahmedabad. This mega township project, currently being referred …
The Securities and Exchange Board of India (SEBI) has issued a consultation paper on 21 April, proposing significant changes to the handling of disputes and complaints among market participants. The regulator seeks to streamline processes through greater use of the Online Dispute Resolution (ODR) mechanism, among other regulatory updates. Public feedback on these proposals is …
The Indian government is planning to restrict Chinese ownership in electronics joint ventures to a maximum of 10%, as per news reports. This move is part of a broader strategy to reduce supply chain dependency on China and strengthen India’s domestic electronics manufacturing ecosystem through technology transfers and local expertise development. Building a Self-Reliant Electronics …
India’s smartphone shipments fell by 8% year-on-year in the January-March quarter of 2025 to 32.4 million units, mainly due to persistent weakness in consumer demand and an elevated channel inventory from late 2024, according to the latest research data released by Canalys on Monday. The market tracker stated, “This inventory overhang disrupted product launch …
On April 22, 2025, as of 12:07 PM, the BSE Sensex was up 0.36% at 79,696.54, while the Nifty 50 was up 0.31% at 24,203.55. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng SBIN 821.15 833.9 814 833.2 2.02 KOTAKBANK 2,249.00 2,301.90 2,245.40 2,285.50 1.97 TATACONSUM 1,121.70 1,149.00 …
In a groundbreaking step towards financial innovation, China has launched an advanced gold ATM in Shanghai that allows users to deposit their gold and receive the equivalent amount of money in their bank account—all within just 30 minutes, as per news reports. Gold ATM Offers Instant Payout After Melting and Purity Check The ATM, set …
