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Compliance reform: Sebi tweaks RPT rules to set turnover-linked thresholds; relaxes disclosures for small deals

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…

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India-US trade deal: Goyal signals ‘good news’ soon once ‘fair’ pact reached; farmers, fishermen and small industry in focus

Commerce and industry minister Piyush Goyal on Tuesday signalled that the proposed India–US trade pact might soon reach a conclusion, once a balanced pact is finalised. The minister said, “When the deal will become fair, equitable and balanced, you will hear good news.”Speaking at the Indo-US Economic Summit organised by the Indo-American chamber of commerce,…

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Panel suggests reforms to make life easy for small enterprises

NEW DELHI: The high-level committee headed by NITI Aayog member Rajiv Gauba has recommended at least 17 reforms, aimed at easing regulatory and financial pressure on Micro, Small and Medium Enterprises (MSMEs). The key recommendations cover credit access, compliance under the Companies Act, tax procedures, payment dispute resolution and CSR donations. The measures expected to…

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ChatGPT fixes one of its biggest problems, Sam Altman calls it ‘small but …’

OpenAI has solved one of ChatGPT’s most notorious quirks: the chatbot’s excessive use of em dashes. CEO Sam Altman announced that users can now instruct ChatGPT through custom settings to avoid the elongated punctuation mark that has become the most recognizable signature of AI-generated text.“If you tell ChatGPT not to use em-dashes in your custom…

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Shutdown strain: Small US businesses reel under halted contracts; firms weigh layoffs as Congress moves to end deadlock

Small businesses across the United States that rely on federal contracts and funding are facing a severe cash crunch as the country’s longest-ever government shutdown stretches into its seventh week, forcing owners to cut costs, delay payments, and even consider layoffs, according to AP report.Lawmakers are returning to Washington to vote on a stopgap funding…

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Small plane carrying hurricane aid to Jamaica crashes into Florida pond minutes after takeoff; ‘No victims found,’ say authorities

A small plane carrying hurricane relief supplies to Jamaica crashed into a pond in a residential area of Coral Springs, a suburb of Fort Lauderdale, on Monday, minutes after taking off.Authorities said no victims were found during initial rescue efforts, which have now shifted to a recovery operation led by local police. It was not…

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Shutdown strain: US economy reels under layoffs and lost pay; food banks, small firms struggle to cope

Washington’s economy is facing deepening distress as the longest-ever US government shutdown, mass layoffs of federal workers, and cuts to food assistance converge to hit households and small businesses across the capital region, AP reported.The Capital Area Food Bank, which supports more than 400 pantries and aid organisations across the District of Columbia, northern Virginia,…

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Shutdown strain: US economy reels under layoffs and lost pay; food banks, small firms struggle to cope

Washington’s economy is facing deepening distress as the longest-ever US government shutdown, mass layoffs of federal workers, and cuts to food assistance converge to hit households and small businesses across the capital region, AP reported.The Capital Area Food Bank, which supports more than 400 pantries and aid organisations across the District of Columbia, northern Virginia,…

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