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Crude oil prices showed slight relaxation on Wednesday as tensions continue to boil in the Middle East. Brent crude climbed 3.2% to $103.42 a barrel before slipping $1.15, or 1.11%, to $102.27 a barrel, by 0108 GMT. US West Texas Intermediate crude fell $1.54, or 1.6%, to $94.67. The gains initially marked oil’s second-highest close…
In a move aimed at reducing regulatory burden and improving ease of doing business, markets regulator Sebi on Wednesday eased certification requirements for Persons Associated with Research Services (PARS), allowing sales personnel, relationship managers and other non-research staff to qualify through a simplified certification module, PTI reported.The revised framework, which comes into effect immediately, recognises…
NEW DELHI: The Union cabinet on Tuesday eased norms governing investments from China and other countries sharing a land border with India, to provide for faster approvals in “strategic sectors”, while fast-tracking inflows when the entity from across the border holds under 10% and is a non-controlling shareholder.The govt has amended Press Note 3, issued…
The government has eased foreign direct investment (FDI) norms for countries sharing land borders with India, including China, by amending Press Note 3 of 2020, government sources said on Tuesday, reported news agency PTI.The decision was approved at a Union Cabinet meeting chaired by Prime Minister Narendra Modi, sources added.Under Press Note 3 introduced in…
Markets regulator Sebi has introduced a new turnover-linked framework to define what qualifies as a material related party transaction (RPT), shifting from a fixed cap-based approach in a bid to resolve ambiguities and streamline compliance under the Listing Obligations and Disclosure Requirements (LODR) norms.The regulator has also revised audit committee approval thresholds for RPTs executed…
