ICICI Securities resolved alleged stock brokers rules violations by paying Rs 80.4 lakh to the markets regulator Sebi. The settlement followed an inspection that revealed non-compliances related to margin trading facility and other issues. A technical glitch was also reported and corrected as part of the settlement terms.
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India's current account deficit is expected to remain at approximately 1 per cent of GDP for fiscal 2025, up from 0.7 per cent last year, according to CRISIL. Strong financial inflows and a steady services trade surplus are contributing factors, despite a rising merchandise trade deficit and pressures from geopolitical risks.
The imposition of US tariffs on textile imports presents a mixed bag for the Indian textile industry. While it offers a competitive advantage over other exporting nations, it also poses challenges
The government's subsidy burden for FY25 is projected to exceed budget estimates, reaching nearly Rs 4.1 to Rs 4.2 lakh crore due to higher food and fertiliser costs. Despite efforts to rationalise subsidies, fertiliser subsidies alone may exceed budget due to increased import costs and a stronger US dollar.
Retail borrowers will face stricter regulations in 2024 as lenders must update credit bureau records within 15 days instead of one month. The new rule aims to reduce delays in credit evaluations, enabling better risk assessments by lenders. More frequent updates will highlight borrower behavior more accurately, reducing the chances of over-leveraging and improving the lending ecosystem.
Vivo India and Dixon Technologies are forming a joint venture for contract manufacturing electronics, including smartphones. Dixon will hold a 51% stake. The partnership aims to boost local manufacturing and Vivo's presence in India, with the JV handling some of Vivo's OEM orders and potentially those of other brands.
In 2024, India's sensex and Nifty indices hit new highs before a sharp fall due to foreign fund selling. While large-cap stocks had subdued returns, small and mid-cap stocks outperformed. High investor interest in IPOs marked the year. Correction is expected in 2025, which could challenge new investors' resilience.
TVS Motor Company reported a 7% increase in December 2024 sales, with 321,687 units sold compared to 301,898 last year. Two-wheeler sales rose 8%, led by a 30% surge in scooter sales and a 79% spike in electric vehicle sales. Exports grew 22%, while three-wheeler sales declined. The company's quarterly two-wheeler sales increased by 11%.
The IRS has started the 2025 tax filing season, advising early submission due to potential processing delays from staffing adjustments. Refund processing timelines include 21 days for electronic and eight weeks for paper filings, with the 'Where's My Refund' tool providing status updates.
US stocks showed mixed movement on Wednesday. Most stocks rose, but key tech stocks like Nvidia and Tesla struggled, impacting the Nasdaq. The Dow Jones gained, while the S&P 500 slipped. The market steadied after recent corrections, with volatility expected to persist. Some stocks like GameStop and Dollar Tree performed well.