The Indian energy sector may soon witness a significant transformation with the possible launch of electricity derivative contracts. Leading stock exchanges, the Multi Commodity Exchange (MCX) and the National Stock Exchange (NSE), have submitted proposals to the Securities and Exchange Board of India (SEBI), seeking regulatory approval to begin trading in such instruments. This development …
The Securities and Exchange Board of India (SEBI) is reviewing its mutual fund regulations, including the scheme categorisation framework and restrictions on asset management company (AMC) activities. As per reports, this is to simplify compliance and reduce regulatory burden across the mutual fund industry. Focus on Clause 24(b) One of the major areas under review …
Global accounting giant PricewaterhouseCoopers (PwC) is pulling out of more than a dozen countries as it faces growing pressure from scandals, regulatory fines, and internal conflicts. The move marks a significant shift in PwC’s global strategy as it aims to rebuild trust and tighten control over its operations. Scaling Back to Avoid Risk According to the Financial …
On April 16, 2025, as of 11:55 AM, the BSE Sensex was down 0.01% at 76,723.66, while the Nifty 50 was up 0.02% at 23,333.40. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng INDUSINDBK 747 779.95 733 779.7 5.95 AXISBANK 1,122.70 1,159.90 1,112.60 1,156.20 3.9 TRENT 4,922.00 5,008.50 …
On April 15, 2025, Foreign institutional investors (FIIs) made a strong comeback to Indian equities by injecting ₹6,065.78 crore—marking highest net inflow since March 27. This indicated a reversal in their recent selling streak, indicating a shift in sentiment as global trade worries began to ease. In contrast, domestic institutional investors (DIIs) turned net sellers, booking …
Haryana is set to witness a major boost in industrial development with the announcement of a new Industrial Manufacturing Cluster (IMC) near Maharaja Agrasen Airport in Hisar. Spread across nearly 3,000 acres, the project will be developed at an estimated cost of ₹4,680 crore through a partnership between the Haryana government and the National Industrial …
India’s home décor market is booming, with double-digit growth fueled by rising disposable incomes and evolving lifestyles. Yet, amid this sector-wide surge, soft furnishings major D’Decor reported only modest top-line growth in FY24. Still, the company managed to deliver a strong bottom-line performance, with profits rising by over 20% during the year. D’Decor FY24 Performance Overview …
India has become the first major equity market to recoup all losses triggered by the U.S. reciprocal tariff announcement made on April 2. On Tuesday, benchmark indices closed with strong gains, reversing the declines seen over the past two weeks. Market Movement On April 15, 2025, the Sensex rose by 1,577.63 points (2.1%) to close …
A major controversy has hit hospitality giant OYO as a Jaipur-based resort has filed a criminal complaint, leading to a formal FIR against the company and its founder Ritesh Aggarwal. The complaint revolves around alleged fake bookings which have triggered a massive ₹2.66 crore Goods and Services Tax (GST) notice. The Complaint That Sparked It …
Bengaluru-based startup QpiAI, one of the eight companies selected under the National Quantum Mission (coordinated by the Department of Science and Technology), announced a significant milestone on World Quantum Day (April 14, 2025). The company unveiled QpiAI-Indus, a full-stack quantum computing system featuring 25 superconducting qubits, making it one of the most powerful quantum …
