Among important changes, SEBI has enhanced the Index Options position limit to Rs 10,000 crore from the earlier proposed limit of Rs 1,500 crore while net end-of-the-day limit has been enhanced to Rs 1,500 crore from the earlier proposed Rs 500 crore. Also, intra-day limits have been removed. The new Net end of day limit…
DetailsBacked by rising volumes, cost efficiencies, and PLI support, Bajaj Auto is narrowing losses that once weighed heavily on its EV portfolio. Bajaj Auto’s electric scooter, Chetak, led the electric two-wheeler segment in the January–March quarter of FY25. Following the roaring success of Chetak, Bajaj Auto is nearing EBITDA break-even for the electric scooter…
DetailsMarket regulator SEBI has barred former MD&CEO IndusInd Bank Sumant Kathpalia, former Dy CEO Arun Khurana and three others for alleged insider trading. SEBI in its interim order found that they traded during the existence of Unpublished Price sensitive information. The others included Sushant Sourav, Rohan Jathanna and Anil Marco Rao. SEBI whole time member…
DetailsThe IPOs of Sri Lotus Developers & Realty (Rs 800 crore), Travel Food Services (Rs 2,000 crore), Laxmi India Finance (Rs 200 crore), Indogulf Cropsciences (Rs 300 crore) and NSDL (Rs 3,000 crore) are likely to be launched in June, say market sources. The month of June is likely to see more than half a…
DetailsLeela Hotels and Aegis Vopak continue to garner robust subscription in the primary market on the second day of initial share sale on Tuesday. Leela Hotels, Aegis Vopak IPO GMP surge as subscription gains momentum. The initial public offer of Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, got subscribed 13 percent on the second…
DetailsIndia is the top remittance recipient in the world, 3.5% tax to add to cost of transactions but may not discourage remittances by much Sending money back home from the US could turn costlier with the proposed “One Big Beautiful Bill” by the US, including a 3.5% tax on all remittances by non-citizens. While…
DetailsWhile the majority of Apple’s flagship phone production currently takes place in China, the company has begun to shift manufacturing operations to India. President Donald Trump on Friday announced that Apple will be subject to a tariff of 25% or more for iPhones manufactured outside of the United States. In a statement on social…
DetailsWith respect to the Surplus Distribution Policy, any available equity in excess of 7.5 per cent of the balance sheet size (after considering shortfall in market risk buffers, if any) may be written back from the Contingency Fund to income The Reserve Bank of India’s (RBI’s) central board, which met today, has approved a…
DetailsThe rating agency projects the economy to log 6.4 percent growth in 2025, followed by 6.3 percent in 2026 and 6.4 percent in 2027 Potential growth raised to 6.4% by Fitch Ratings Indian economy could average 6.3 percent growth over the next five years, global ratings agency Fitch Ratings noted on May 22. The rating…
DetailsTata Motors has launched the 2025 Tata Altroz facelift at a starting price of Rs 6.89 lakh (ex-showroom). This is the first time that the premium hatchback is getting a fresh look since 2020. The price range for the facelift starts at Rs 6.89 lakh and goes all the way up to Rs 11.29 lakh…
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