By Krishna Barot The Gujarat government’s bid to establish itself as a semiconductor hub may have succeeded in attracting big-ticket investments but have thus far found few takers amongst the MSME sector. Industry insiders attribute this lack of enthusiasm amongst MSMEs to the stiff conditions set by the government which are proving to be a deterrent
Ketan Parekh, who was debarred by the Securities and Exchange Board of India (SEBI) two decades back after his conviction in the infamous stock market scam 2000, is back in the market regulator’s bad books. On Thursday, in an interim order, SEBI debarred Parekh, Singapore-based Rohit Salgaonkar and 20 other entities, besides impounding Rs 65.77
At a time when market experts have been advising investors to prune returns’ expectations from 2025, the benchmark indices’ 2.3% surge in the first two days has raised hopes that the stock market may deliver strong returns this calendar year. Market experts, however, aren’t impressed, pointing out that the fundamental concerns of expensive valuations, earnings
The Indian stock market has been going through tough times, but the good news is that retail investors have continued to invest in systematic investment plans (SIPs), says Radhika Gupta, MD & CEO of Edelweiss Asset Management Company. Gupta tells Akshata Gorde that the SIP book, currently at Rs 25,000 crore a month, will rise
The Petroleum and Natural Gas Board (PNGRB) has called out Petronet LNG for “profiting at the expense of gas consumers”, a move that sent the company’s stock plunging 8.5% in intra-day trade on the BSE on Thursday. The shares later closed at Rs 323.2, down 6.95%. Also ReadITC Share demerger: When will you get the
Axis Max Life Insurance Ltd, formerly known as Max Life Insurance Company Ltd, has announced the launch of Axis Max Life Sustainable Wealth 50 Index Fund. This fund, developed by Axis Max Life, plans to invest in companies that generate consistent cash flows based on the proprietary Sustainable Yield Index. This customised Index will be
Hindustan Zinc Limited (HZL), a Vedanta group company, on Thursday announced that the company reported a drop of 2 per cent on-year in mined metal production at 265kt during the third quarter of FY25. The decrease, it added, was due to lower ore production at Agucha and SK mines partly offset by improved mined metal
From condoms to aloo bhujia, soft drinks, chips and ice cubes packets, and even men’s underwear, New Year’s Eve (NYE) witnessed record-breaking orders for major quick commerce platforms including Blinkit and Swiggy Instamart. The year came to close on a high note for both the platforms, as Blinkit CEO Albinder Dhindsa and Swiggy Co-founder Phani
The Employees’ Pension Scheme (EPS), run by the Employees’ Provident Fund Organisation (EPFO), is one of India’s largest social security programmes. Under this scheme, employees receive a monthly pension based on their service period and salary. Launched on November 16, 1995, the EPS is designed to provide regular income to organised sector employees after retirement.
The debate over Larsen & Toubro (L&T) Chairman SN Subrahmanyan’s controversial pitch for a 90-hour workweek has sparked reactions from several corporate leaders. Subrahmanyan, in a viral Reddit video, remarked to his employees, “What do you do sitting at home? How long can you stare at your wife? Come on, get to the office and
Industrialist Gautam Adani met Chhattisgarh Chief Minister Vishnu Deo Sai on Sunday and announced a major investment of Rs 65,000 crore for the state. This investment, aimed at expanding the Adani Group’s energy and cement projects, is expected to drive significant growth in the region. The meeting took place at the Chief Minister’s official residence
The Reserve Bank of India (RBI) has come out with a circular on FAQs clarifying doubts regarding resetting of floating interest rates on personal loans with equated monthly installments (EMIs). The FAQs, issued on January 10, will improve transparency, give borrowers more control, and bring more clarity to how lending institutions operate. It is important
India’s coal imports increased by 2 per cent, reaching 182.02 million tonnes (MT) in the April-November period of the current fiscal year, up from 178.17 MT during the same period last year, according to data compiled by business-to-business e-commerce company mjunction services. However, the country’s coal import dropped to 19.57 MT in November, down from
