MUMBAI: Sebi has threatened two Mauritus-based funds with investments in the Adani Group that they could face penalties and cancellation of licences for not sharing shareholding details despite repeated requests over two years, according to a document reviewed by Reuters.The Adani Group and its 13 offshore investors have been facing an investigation by the Sebi,…
MUMBAI: State Bank of India has cut fixed deposit rates by 20 basis points across all tenors for both the general public and senior citizens from May 16. The move follows a 25 bps repo rate cut by RBI in April and comes ahead of another expected cut in June.RBI also infused nearly Rs 5…
The Centre has released draft rules proposing the delicensing of the lower segment of the 6 GHz band for unlicensed indoor use. The move, which applies to the 5925–6425 MHz frequency band, is aimed at enabling next-generation Wi-Fi technologies and supporting data-heavy applications.According to the draft, no authorisation or frequency assignment will be required for…
NEW DELHI: Apple’s key supplier Foxconn has invested $1.48 billion (approximately Rs 12,800 crore) in its India operations over the past five days, the company disclosed in a regulatory filing.The investment was made into Yuzhan Technology (India) Private Limited, Foxconn’s Tamil Nadu-based unit, via its Singapore arm, Foxconn Singapore Pte Ltd. Under the transaction, the…
Kotak Mahindra Mutual Fund on Monday bought a 6.6 per cent stake in pharmaceutical companyAmi Organics for nearly Rs 301 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares or 6.59 per cent stake in two…
Image used for representative purposes The Supreme Court on Monday questioned the Centre’s delay in establishing a definitive policy for cryptocurrency regulation, expressing concerns over its economic implications. The bench, comprising Justices Surya Kant and N Kotiswar Singh, drew parallels between Bitcoin transactions and illegal “hawala” operations. Justice Kant observed, “Trading in Bitcoin is an…
NEW DELHI: Instant beverage makerRasna announced on Monday its acquisition of the Jumpin brand from Hershey’s India, marking its entry into the ready-to-drink market. While the financial details of the deal remain undisclosed, independent valuations place the brand’s worth at Rs 350 crore.According to Rasna Chairman Piruz Khambatta, the company has acquired only the brand…
US stock marketstoday: US stock markets opened sharply lower on Monday after Moody’s downgraded the country’s sovereign credit rating, citing concerns over escalating federal debt and long-term fiscal slippage.The downgrade rattled investor confidence, triggering broad-based selling across equities and lifting market volatility.At the opening bell, the Dow Jones Industrial Average dropped 288.77 points or 0.68…
Gold rate today: Gold prices soared by Rs 580 to reach Rs 97,030 per 10 grams in the national capital on Monday, supported by strong cues from international markets, according to the All India Sarafa Association.On Friday, gold of 99.9% purity had closed at Rs 96,450 per 10 grams.Similarly, gold of 99.5% purity rose by…
After a quiet start to 2025, the initial public offering (IPO) market is showing renewed activity, with six main-board companies gearing up to launch their share sales this month to collectively raise more than Rs 11,000 crore, investment banking sources said on Monday.Among the firms preparing to go public is Schloss Bangalore Ltd, owner of…