Latest posts
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Aashish Agarwal named CEO of 360 ONE WAM Group
Wealth and asset management firm 360 ONE has appointed Aashish Agarwal as chief executive officer of 360 ONE WAM Group, according to a release. Agarwal joins the company from Jefferies, where he was MD and country head since April 2020. Karan Bhagat, currently MD and CEO, will become vice chairman and continue as managing director.
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Positive Breakout: These 5 stocks cross above their 200 DMAs
As long as a stock’s price remains above its 200-day moving average on the daily timeframe, it is generally interpreted as being in an overall uptrend.
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BHIM App rolls out MyUPI AI assistant for UPI support, mandate management and safety controls
BHIM Payments App has introduced MyUPI, an AI-powered assistant offering 24×7 support for UPI transactions, complaints, Autopay mandates and safety controls. Available in five languages, MyUPI also enables transaction replay, payee verification, UPI Number de-linking and fraud-awareness assistance.
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Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a negative start; Asian shares trade higher
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Paid ₹4.53 lakh tax in Belgium but missed Form 67 in India? ITAT gives taxpayer another chance to claim credit
A Bengaluru ITAT ruling shows that missing Form 67 does not automatically extinguish a genuine foreign tax credit claim. A taxpayer who earned ₹14.42 lakh in Belgium and paid ₹4.53 lakh tax there was given another chance to prove his ₹3 lakh FTC claim despite a 1,687-day appeal delay.
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Sebi to address derivatives expiry settlement price concerns: Tuhin Kanta Pandey
The Securities and Exchange Board of India is seeking to alleviate concerns related to derivative settlement prices. Among the proposed options are a blended VWAP model and a return to the previous VWAP method. Sebi is open to public feedback on these alternatives, which are intended to enhance market structure. Currently, market participants have shown…
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Adani Group firms settle Sebi case on governance issues
The Adani Group has settled with Sebi, with companies like Adani Enterprises and Adani Green Energy collectively paying ₹1.5 crore over allegations concerning related party transaction disclosures and corporate governance practices. Notably, Adani Enterprises contributed ₹76.05 lakh to the settlement, responding to criticisms raised in the Hindenburg Report about the company’s compliance with audit standards…
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RBI warns banks against a loan price war
In situations where banks are inundated with liquidity, the natural tendency among many lenders is to push loans and go down the credit matrix. The fear is that such aggressive lending to generate returns that cover the interest outgo on deposits and other costs may show up as sticky assets a few years down the…
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RBI special windows seen big enough to bring in $100B
India’s new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over forty billion dollars in foreign exchange. Experts predict these initiatives could significantly exceed initial mobilization estimates. The Reserve Bank of India introduced these facilities to support the balance of payments. These programs aim to cushion the…
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Credit card issuers push EMI loans to counter revolver model misfire
With a smaller share of customers carrying balances month to month, interest-bearing receivables are growing more slowly than transaction volumes, pushing issuers to convert purchases into EMIs, deepen personal loan-on-card offerings and extract more fee income from a business that is increasingly being used as a payment product rather than a borrowing product.