There is a certain irony in NSE itself getting listed. The institution that has spent more than three decades providing a platform for companies to raise capital and investors to trade shares became a listed company on Thursday. Because Sebi’s rules do not allow a stock exchange to list on its own platform, NSE made…
An employee whose statutory “wages” are up to Rs 25,000 will now fall within mandatory PF coverage. The government’s decision to increase the provident fund wage ceiling from Rs 15,000 to Rs 25,000 is one of the most significant social security reforms in recent years. The move is expected to expand provident fund, pension and…
The selloff was not limited to large-cap stocks. The Nifty Midcap 100 and Nifty Smallcap 100 indices each fell. Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Thursday on weak global cues and a sharp rise in US yields.The stock market came under heavy selling pressure,…
The government has decided to advance the payment of salaries, wages and pensions for central government employees. Bank strike from September 28-30: In lieu of the upcoming three-day bank strike from September 28 to September 30, the Finance Ministry has asked all ministries and departments to arrange for the advance payment of September salaries.The salaries…
Shares of National Stock Exchange of India Ltd (NSE) climbed nearly 1 per cent on their trading debut on Thursday against the issue price of Rs 1,785. The exchange started trading at Rs 1,800, marginally up by 0.84 per cent from the issue price on the BSE. Further in the trade, shares of the exchange…
Oil prices had slipped below $100 a barrel on Wednesday. Oil prices edged lower on Thursday after rising about 4% in the previous session, as investors assessed signs that Iran remained open to diplomacy to end its war with the US, although the two sides remain far apart on the terms of a possible agreement.At…
The vehicles, which will sell under the AMPSTAR brand, add to JSW’s auto portfolio that includes a joint venture with MG Motors, its own plans for JSW Motors and talks for buying into Skoda-VW in India. MUMBAI: Sajjan Jindal’s JSW Greentech is entering the crowded commercial vehicles business with electric trucks, hoping to not just…
Airtel Money, is preparing for an initial public offering on the London Stock Exchange to raise at least $800 million at an expected valuation of $8 billion to $9 billion. NEW DELHI: Sunil Bharti Mittal’s Airtel Money, a digital financial services platform operating across 13 African markets, has announced its plan to list on the…
MUMBAI: The insurance regulator has sought to curb distribution costs and misselling by tightening limits on commissions and other expenses, after a reform meant to give insurers greater flexibility instead resulted in a big chunk of premium income being gobbled up by distributors.The Insurance Regulatory and Development Authority of India (Irdai), in a consultation paper,…
The proposed ban comes as diesel prices have surged amid disruptions linked to the Trump administration’s war against Iran, which began in February, and Ukrainian attacks on Russian oil refineries. Farm-state Republicans have been pressing the administration to act as fuel costs rise. The Trump administration is preparing a 90-day ban on US diesel exports…
