MUMBAI: Former Axis MF fund manager Deepak Agrawal has settled a regulatory case with Sebi by paying Rs 85.8 lakh and surrendering over 43,000 units. The case related to charges of financial misconduct, including sharing stock tips, passing on trading information, and failing to disclose directorships, which Sebi said amounted to violation of MF regulations….
NEW DELHI: Finance minister Nirmala Sitharaman said on Monday that regulation has to keep pace with the adoption of AI. “Artificial intelligence is not static. It is a rapidly progressing, real-time dynamic thing. Therefore, all of us will have to be conscious that we don’t sit back on the ethics,” Sitharaman said at the launch…
ITR filing FY 2024-25 due date extended ITR filing FY 2024-25 due date extension: In a big relief for taxpayers, the Income Tax Department has extended the due date or deadline for filing Income Tax Returns (ITR) for AY 2025-26 by a day. The original deadline of July 31, 2025 had previously been extended to…
The Reserve Bank of India (RBI) on Monday rolled out final guidelines to regulate payment aggregators, bringing in a new framework that takes effect immediately.Under the Regulation of Payment Aggregators Directions, 2025, the RBI has classified aggregators into three categories — PA-P for physical, PA-CB for cross-border, and PA-O for online, PTI reported. While banks…
The government’s proposed Export Promotion Mission, designed to shield Indian exporters from global trade shocks, is set to be placed before the Union Cabinet for approval soon, sources told PTI. Inter-ministerial consultations on the scheme have been completed.The mission, first announced in the Union Budget, is expected to offer about Rs 25,000 crore worth of…
US President Donald Trump (Photo-AP) US President Donald Trump has renewed his call to end quarterly earnings reports for publicly traded companies, suggesting instead a six-month reporting period to ease costs and allow executives to focus on running their businesses, AP reported.In a post on his social media platform Truth Social, Trump wrote, “This will…
Google parent company Alphabet’s market value crossed $3 trillion for the first time on Monday as strong gains in its shares reflected renewed optimism over artificial intelligence and a favourable antitrust ruling, Reuters reported.Class A shares surged 4.6% to $251.88 while Class C climbed 4.5% to $252.30, both scaling record highs. Alphabet now joins Apple…
US stocks climbed on Monday, with the S&P 500 inching closer to fresh all-time highs, as Tesla shares surged and investors positioned for the Federal Reserve’s key policy meeting later this week. Tesla gained 7.2% after CEO Elon Musk bought about $1 billion worth of shares through a trust, signalling confidence in the electric vehicle…
India’s merchandise exports rose 6.7 per cent year-on-year to $35.1 billion in August, while imports fell 10.12 per cent to $61.59 billion, according to government data released on Monday.Exports were valued at $32.89 billion in the same month last year, while imports had stood at $68.53 billion, PTI reported.The country’s trade deficit narrowed to $26.49…
Tesla Chief Executive Officer Elon Musk purchased about more than 2.5 million shares worth $1 billion, according to a regulatory filing, reported news agency AP.The billionaire bought the stock indirectly through a trust on September 12, the filing showed. Tesla shares jumped as much as 7.3% before the start of regular trading, putting the stock…
