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MUMBAI: RBI said it has formed an independent panel to strengthen the stakeholder engagement in regulatory process and leverage industry expertise on a continued basis. The independent advisory group on regulation (AGR) has been formed, comprising external experts, to channel industry feedback into periodic review of regulations through regulatory review cell (RRC). SBI MD Rana…
MUMBAI: Urban Company made a blockbuster debut on the bourses on Wednesday, listing at a 62 per cent premium to the IPO issue price of Rs 103 on the NSE, underlining high investor appetite for India’s up-and-coming newage home services space.The company’s shares surged 74 per cent in the trading session to hit day’s high…
MUMBAI: After bouts of volatility, the IPO market seems to be gaining pace with a flurry of activity on startup street. Urban Company made a stellar debut on the bourses on Wednesday, setting the pace for more new-age listings.Pine Labs secured Sebi’s go ahead this week while companies such as Groww and Physicswallah are a…
WTO director-general Ngozi Okonjo-Iweala NEW DELHI: Artificial Intelligence (AI) could lead to significant increases in trade and GDP by 2040, with global trade projected to rise by 34-37% across different scenarios, a report released by the World Trade Organisation said on Wednesday. The report said that the largest growth occurs in trade of digitally deliverable…
MUMBAI: Sebi will engage with the government to allow banks, insurance companies and pension funds to invest in non-agriculture commodity derivative markets, its chairman Tuhin Kanta Pandey said on Wednesday.He said the capital markets regulator is also looking at a proposal to allow foreign portfolio investors to trade in non-cash settled, non-agricultural commodity derivative contracts….
Nirmala Sitharaman (File photo) NEW DELHI: The Union finance ministry has notified Central GST (CGST) tax rates for goods, which will be effective from Sept 22. States will now have to follow suit and notify the State GST (SGST) rates to be levied on goods and services beginning Monday. Under GST, the revenues are shared…
NEW DELHI: Reduction of GST (goods and services tax) from 12% to 5% across the renewable energy value chain is expected to bring down the power procurement costs of discoms (distribution utilities) across the country by roughly Rs 3,000 crore annually, the government said on Wednesday.The savings may not lead to reduction in consumer tariffs…
PepsiCo’s global chairman and CEO, Ramon Laguarta, met Prime Minister Narendra Modi in New Delhi on Tuesday evening, as per sources cited by ET. The meeting marks the first time Modi has met a top US CEO in India amid rising trade tensions and new GST taxes. Laguarta was accompanied by PepsiCo’s entire board, representing…
India’s fundamental growth story remains strong, but the stock market volatility has been particularly significant this year. (AI image) The US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) cut rates by 25 basis points on Wednesday. The rate cut was on expected lines, and came amidst rising pressure from US President Donald…
The government has put forward a plan to set up multi-disciplinary partnership (MDP) firms that can compete with global consulting and auditing giants. These new firms would provide a range of services under one umbrella. This includes cost record maintenance, accounting, auditing, assurance, company secretarial work, legal services, valuation and management. The move is aimed…
