Latest News, Updates & Breaking Headlines
India’s market regulator Sebi has approved a major change in how closing stock prices are discovered, moving away from the existing volume-weighted average price method to an auction-based system aimed at improving transparency, fairness and execution quality at the market close.The new framework, called the Closing Auction Session (CAS), will be rolled out in phases…
The Securities and Exchange Board of India (Sebi) has “in-principle” agreed to the settlement plea filed by the National Stock Exchange (NSE) in the long-running unfair market access case, a development that could finally clear the regulatory hurdle for the country’s largest stock exchange to launch its much-delayed initial public offering (IPO), reported PTI.Sebi chairman…
Nishikant Dubey (File photo) NEW DELHI: Lokpal has dismissed the allegation of BJP MP Nishikant Dubey possessing disproportionate assets as “frivolous and vexatious”, slamming the complainant, former IPS officer and activist Amitabh Thakur, for indulging in “whataboutery” during the case’s proceedings.The Lokpal, headed by former Supreme Court judge AM Khanwilkar, found Thakur’s charge, made in…
NEW DELHI: In a significant ‘public interest’ move, the Delhi High Court has allowed Zydus Lifesciences to manufacture and sell a biosimilar of Bristol Myers Squibb’s blockbuster cancer therapy, Nivolumab. Priced around 70% less than the patented therapy, the Zydus biosimilar is expected to improve patient access and affordability significantly.A division bench of Justices C…
The Andhra Pradesh Cabinet has approved the Dagadarthi greenfield airport project in Nellore district, giving a major push to the state’s aviation and industrial infrastructure, PTI reported citing officials.With this approval, Dagadarthi will become Andhra Pradesh’s eighth airport, strengthening the state’s plans to build a multimodal logistics and industrial network, they added.Strategically located, the proposed…
US President Donald Trump has approved a new bill that allows massive duties on countries that import Russian petroleum products. The bill, ‘Sanctioning Russia Act of 2025’ threatens at least 500% tariffs on countries that “knowingly engage in the exchange.” US senator Lindsey Graham said that the bill, which is now headed for bipartisan approval…
NEW DELHI: In a major boost for electronics manufacturing, the Centre has cleared 22 new proposals – including from Samsung, Foxconn, Tata Electronics and Dixon – for component manufacturing entailing investments of nearly Rs 42,000 crore.The investments under the Electronics Components Manufacturing Scheme (ECMS) are projected to result in domestic production of Rs 2.6 lakh…
NEW DELHI: Medical aspirants seeking postgraduate admissions will get a wider choice this year after the National Medical Commission (NMC) approved 171 additional PG seats across medical colleges and directed counselling authorities to include them without waiting for formal permissions. According to a public notice, the 171 additional seats span key clinical and diagnostic specialties,…
The Union cabinet on Wednesday approved highway projects worth Rs 20,668 crore, including a six-lane greenfield Nashik–Solapur (Akkalkot) corridor in Maharashtra and the widening and strengthening of NH-326 in Odisha.The largest approval is for the 374-km Nashik–Solapur (Akkalkot) corridor, cleared at a cost of Rs 19,142 crore. The project involves construction of a six-lane access-controlled…
The Union Cabinet on Wednesday approved a relief package for debt-laden Vodafone Idea, freezing adjusted gross revenue (AGR) dues of Rs 87,695 crore and rescheduling their repayment over a 10-year period from FY32 to FY41, sources told PTI.As part of the decision, the Department of Telecommunications will reassess the frozen AGR dues based on Deduction…
