Buisiness

MUMBAI: Sebi on Monday said it’s setting up a high-level committee of eminent people, independent of the regulatory body, to review provisions related to governance, conflict of interest and disclosures about holding of assets by its board members. The move comes close on the heels of allegations of conflict of interest against former Sebi chief…

MUMBAI: RBI has revised priority sector lending norms, effective from April 1, to boost credit flow to key economic segments by increasing loan limits, expanding eligibility criteria, and raising targets.The new norms have higher home loan limits and increased property cost ceilings across all categories. In cities with a population of at least 50 lakh,…

NEW DELHI: Govt proposes to abolish the 6% equalisation levy or digital tax on online advertisements from April, a move that will benefit advertisers on digital platforms, such as Google and Meta.The move is part of the amendments proposed by FM Nirmala Sitharaman and comes at a time when India and the US are engaged…

Mahila Samman Savings Certificate scheme maintains strict eligibility criteria, permitting only women and girls to participate. (AI image) Mahila Samman Savings Certificate is a government-endorsed post office small savings scheme created exclusively for women and girls, offering them a reliable and beneficial investment avenue. This initiative, introduced to strengthen financial inclusion and women’s economic independence,…

This is an AI-generated image, used for representational purposes only. (Picture credit: DALL-E) The Australian government has unveiled its 2025-26 federal budget, focusing on cost-of-living relief, tax cuts, and support for households, students and businesses.With a general election approaching, Australia’s treasurer Jim Chalmers introduced several measures aimed at easing financial pressure on Australians while addressing…

Tesla sales in the European Union dropped sharply in the first two months of the year, as Elon Musk’s politics and outdated models may be driving consumers away.According to the European Automobile Manufacturers’ Association (ACEA), Tesla’s new registrations declined by 49 percent to 19,046 units in the first two months compared to the previous year’s…

WTO data indicates the U.S. trade-weighted average tariff stands at 2.2%, whilst India’s is 12. (AI image) India is willing to reduce tariffs on over 50% of American imports valued at $23 billion during the initial stage of a trade agreement under negotiation between the two countries, two government officials told Reuters. This significant reduction…

The tax demand constitutes a significant portion of Samsung’s net profit in India, which stood at $955 million last year. (AFP Photo) India’s tax authorities have demanded Samsung and its local executives to pay $601 million as back taxes and penalties for allegedly evading tariffs whilst importing essential telecommunications equipment, a Reuters report says. This…

Three-year SIPs achieved a maximum return of 42.1% annually, whilst experiencing significant depreciation of up to 64.70% in the worst scenarios during this period. (AI image) Planning to invest in small cap mutual funds? For optimal protection against losses in small-cap mutual funds, investors should maintain Systematic Investment Plans (SIPs) for a minimum duration of…

Banks are implementing new RBI guidelines for unclaimed deposits and inactive accounts, effective April 1. (AI image) Banks across India will introduce a new format to help account holders or nominees recover unclaimed deposits exceeding ₹78,213 crore, according to informed sources.Banks are implementing new RBI guidelines for unclaimed deposits and inactive accounts, effective April 1….