A Sebi committee has declined a settlement offer from Zee Entertainment, former chairman Subhash Chandra, and former MD Punit Goenka regarding listing norm violations. Instead, Sebi's adjudicating officer must incorporate new findings from the investigation and issue a fresh show cause notice.
Related news
Kotak Mahindra Capital Company predicts the IPO market pipeline to reach USD 35 billion in 2025, up from USD 22 billion in 2024. Majority IPOs are from financial services and digital tech sectors with large IPOs consistently increasing, attracting foreign portfolio investors and leading multinationals to consider IPOs for unlocking investments.
Pi Network launched its Open Mainnet on February 20, 2025, leading to considerable price fluctuations for Pi Coin. Analysts see significant growth potential if adoption increases, with predictions stating it could reach $100 or even $500 by 2030, contingent upon widespread adoption and practical utility.
Tax laws determine a person's residency status based on their stay in India. To ease compliance for non-resident taxpayers, introducing thresholds for tax residency certificates, relaxing norms for Form 10F, facilitating tax payments and refunds, and easing e-verification processes are suggested measures.
On Tuesday, the sensex and Nifty closed lower for the fifth straight session due to weak global and domestic cues. Trump’s tariffs and ongoing US trade policy uncertainty, along with a weak rupee and continuous foreign fund outflows, impacted market sentiment. Sensex dropped by 1,018 points, Nifty by 310, and mid- and small-cap indices saw significant losses.
Post Office Savings Schemes in India offer secure investment options with assured returns and tax benefits under Section 80C of the Income Tax Act. The schemes, including PPF, NSC, SSY, SCSS, and 5-year POTD, allow tax exemptions up to Rs 1.5 lakh per annum under the old tax regime.
British telecom firm Vodafone has sold its 3% stake in Indus Towers for Rs 2,800 crore, allocating Rs 890 crore for lender debt clearance and utilizing the remaining to increase its shareholding in Vodafone Idea to 24.39%. The transaction also settles Vodafone's obligations to Indus completely.
Stocks in India are expected to stabilize after a significant drop, with Nifty futures showing a slight increase. Despite record equity investments in real estate, analysts warn of potential future earnings issues for developers. Kotak Securities highlights the risk of overvalued 'narrative stocks,' while further losses for the rupee are anticipated due to a less active RBI.
Olectra Greentech Limited unveiled new electric bus models with blade battery technology, providing 30% more energy storage and enabling a range of up to 500 km per charge. The company aims to transform emission-intensive transportation into cleaner and more sustainable alternatives while continuing to innovate and improve.
India needs a tax buoyancy of 1.2-1.5 to achieve a 6.5-7% growth rate, according to an EY report. To support this growth, the government may need to boost the tax-to-GDP ratio to 14% by FY31. Enhancing tax buoyancy, managing expenditures, and continuing structural reforms are crucial for sustainable growth. India's projected GDP growth for the next fiscal is 6.3-6.8%.
Accel raised $650 million for its eighth India-focused fund, reflecting confidence in the country's startup ecosystem amid global economic uncertainties. This funding will support both new ventures and existing portfolio companies, with notable investments like Swiggy, BlackBuck, and Bluestone preparing for public offerings.