CCI said it has approved the proposed combination involving the...
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Gold ETFs attract record net inflows in India, add $850 million in Oct
Overall, global gold ETF inflows reached $8.2 billion in October,...
SEBI flags over 1 lakh misleading investment messages under ‘Sebi versus Scam’ initiative
Sebi Chairman Tuhin Kanta Pandey warned that unregulated financial...
Oil majors offered faster Nigerian exit if they pay for cleanup
Exxon, Shell, TotalEnergies, and Eni have all sought to leave Nigeria’s oil-rich Niger delta in recent years citing security concerns, including theft and sabotage, to focus on deepwater drilling. However, their exits have been delayed by regulatory hurdles. Major oil...
Brazil rejects Vale, BHP settlement offer for Mariana disaster
The November 2015 dam collapse at the Samarco iron ore mine near the town of Mariana, Minas Gerais, caused a vast flow of mud and mining waste that buried a nearby village, killing 19 people, leaving hundreds homeless and polluting the Doce River, a major river that...
Southern Brazil hit by the worst floods in more than 80 years
It was the fourth such environmental disaster in a year, following floods in July, September and November 2023 that killed 75 people in total Heavy rains in the southern Brazilian state of Rio Grande do Sul killed 39 people, with another 68 still missing, the state...
Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%
The disruptions cause ripple effects across several other container freight routes, particularly from Asia to the east and west coasts of South America, Maersk’s spokesperson said, adding that the Red Sea situation was complex and continued to evolve Disruption to Red...
Govt adopted pro-poor approach in GST implementation: FM Sitharaman
Nirmala Sitharaman,Finance Minister GST, which was rolled out on July 1, 2017, had subsumed 17 taxes and 13 cesses into a 5-tier structure, thereby simplifying the tax regime. The turnover threshold for registration rose to Rs 40 lakh for goods and Rs 20 lakh for...
Permanent deletion of transactions can help make e-rupee anonymous: RBI Governor
“We have leveraged the existing merchant infrastructure on the UPI to facilitate CBDC transactions…while the number of transactions have reached a high of 1 million (10 lakh) a day, we still see preference for UPI among the retail users. We of course hope that this...
Wipro, Microsoft to launch GenAI-powered assistants for financial services
“This new solution set, powered by Microsoft, will help provide better and faster market and product intelligence to financial advisors and banking professionals, enabling them to deliver more personalised and timely service to clients,” Suzanne Dann, CEO of Americas...
US -India collaboration for enhancing global access to affordable medicines
According to the IǪVIA Institute report, India has long been a critical source of affordable medicines for the United States. Ninety percent of all medicines prescribed for Americans are generic, and 47 percent of those prescriptions are filled with products produced...
Mutual funds at all-time high, FII holding down at 11-year low
The share of Foreign Institutional Investors (FIIs) declined to an 11-year low of 17.68 per cent as of March 31, 2024, down by 51 bps from 18.19 per cent as of December 31, 2023, resulting in the gap between FII and DII holding narrowing further to an all-time low in...
SC to hear on May 8 plea on Uttarakhand forest fires
The petition has sought directions to the Centre, the Uttarakhand government and the principal chief conservator of forests in the state to make pre-fire arrangements and frame a policy to prevent forest fires New Delhi: The Supreme Court said on Monday it will hear...