Eliminating cross shareholdings is seen by many as a yardstick for...
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FM calls for right balance of regulations, freedom
Nirmala Sitharaman,Finance Minister Touching upon the emergence of...
UIDAI shares non-personal Aadhaar dashboard data to boost transparency research
The datasets, released by Chief Data Officer (CDO) and Deputy...
One in three Indian investment advisors are not registered, says Sebi
“There are large numbers, 35% of investment advisers still not registered. The regulator is powerless as many people who provide research and advice to investors have chosen to ignore basic compliance of having themselves registered.,” Madhabi Puri Buch, chairman at...
GST authority issues Rs 922 cr show cause notices to Reliance General Insurance
The GST department is of the opinion that there is no provision in the GST Act where one registered person can collect and disburse tax on behalf of another, regardless of any co-insurance arrangement On re-insurance commission, the GST authority said that it forms...
Norris Medicines recalls toxic cough syrup
The drug regulator of Gujarat state, where Norris is based and has two factories near to each other, has shut all its production, citing violations of good manufacturing practices after an inspection last month, New Delhi: India's Norris Medicines has recalled a cough...
Google, Apple stare at over $50 mn fine for in-app billing irregularities
The Korea Communications commission has decided to impose a fine of 47.5 billion won on Google and 20.5 billion won on Apple based on the judgment that they violated the country's revised Telecommunications Business Act by abusing their monopoly power to force local...
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%
Shaktikanta Das,Governor,RBI Das said taking into account the economic factors the MPC has predicted GDP growth at 6.5 per cent in FY24 As regards the inflation rate, the MPC forecast was 5.4 per cent for 2023-24 taking into account the various domestic issues...
India becomes 4th-highest funded fintech startup ecosystem globally
The sector witnessed significant growth in specific segments with alternative lending, banking tech and RegTech emerging as top performers in the first half this year Bengaluru: India’s fintech sector saw a 68 per cent surge in funding in the July-September period...
After NCLT snub, Torrent Investment once again knocks SC’s doors
In a fresh Letter of Urgency, Torrent Investment has stated that during the pendency of its appeals before the SC, the Committee of Creditors (COC) of Reliance Capital have not only conducted the second round of auction, but approved the resolution plan of IIHL and...
Amazon used a secret algorithm to raise prices: Report
“We once again call on Amazon to move swiftly to remove the redactions and allow the American public to see the full scope of what we allege are their illegal monopolistic practices,” an FTC spokesperson was quoted as saying. San Francisco: E-commerce giant Amazon...
UK launches review of regulators, searching for post-Brexit advantages
"It's clear that the regulators that enforce the rules can also sometimes be a blocker to businesses, so our review will seek to root out the bad practices with the aim of making companies' lives easier and reducing costs for consumers" London: The British government...
US regulators settle with more firms over use of texts and WhatsApp
The settlements mark the latest enforcement actions in the SEC's two-year crackdown on Wall Street's use of unapproved messaging apps, which has so far resulted in more than $2 billion in fines Because companies do not surveil personal messaging channels, using them...