Category: Business

Business

SEBI chief Madhabi Puri Buch invested in Chinese firms, alleges Congress 

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SEBI chief Madhabi Puri Buch invested in Chinese firms, alleges Congress 

SEBI chairperson Madhabi Puri Buch. File | Photo Credit: PTI The Congress party renewed its attack on SEBI Chairperson Madhabi Puri Buch on Saturday alleging that as a full-time member and later chairperson of the regulator Ms. Buch had traded in listed securities while in possession of unpublished price sensitive information and had been investing…

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Government’s subsidised onion sale brings relief, prices drop in major cities

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Government’s subsidised onion sale brings relief, prices drop in major cities

Labourers pack onions at a field near Chikmagalur. File | Photo Credit: PTI The government’s subsidised onion sale initiative, launched on September 5, has led to price drops in major cities within days, the consumer affairs ministry said on Saturday (September 14, 2024). In Delhi, retail onion price fell from ₹60 to ₹55 per kg,…

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Amid grim forecast, Maldives says it is “well prepared” to avert default 

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Amid grim forecast, Maldives says it is “well prepared” to avert default 

A file photo of the flag of Republic of Maldives. Despite global lenders and rating agencies flagging a “high risk” of debt distress in the Maldives, the government said it is well prepared to stave off a financial meltdown. Addressing Colombo-based journalists on Friday evening (September 13, 2024), Minister of Foreign Affairs Moosa Zameer and…

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Duty hike on crude, refined oils to hugely benefit farmers: Official

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Duty hike on crude, refined oils to hugely benefit farmers: Official

The effective duty on the crude and refined oils will increase from 5.5% to 27.5% and from 13.75% to 35.75%, respectively. | Photo Credit: Reuters “The Government’s decision to hike customs duty on crude palm and refined sunflower oil to 20% and 32.5%, respectively, will ‘hugely’ benefit farmers as it will increase their income,” a…

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Negotiations and diligent follow-ups helped bring back Ford to Tamil Nadu

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Negotiations and diligent follow-ups helped bring back Ford to Tamil Nadu

According to government sources, eorts to find takers for the Ford facility in Maraimalai Nagar intensified in June 2023. File photo | Photo Credit: The Hindu Ever since Ford announced its decision to cease operations at its plant near Chennai, the State government did not want to give up. Even though many other firms evinced…

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SEBI has abandoned autonomy, brushing allegations under carpet: TMC leader

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SEBI has abandoned autonomy, brushing allegations under carpet: TMC leader

Trinamool Congress (TMC) MP Saket Gokhale. File photo | Photo Credit: ANI The Stock Exchange Board of India (SEBI), which is in the centre of a storm following multiple allegations being levelled against its chairperson Madhabi Puri Buch, has “completely abandoned its autonomy”, Trinamool Congress Rajya Sabha MP Saket Gokhale said on Friday (September 13,…

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Swiss authorities freeze $311 million of alleged Adani proxy; Adani Group denies any link

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Swiss authorities freeze 1 million of alleged Adani proxy; Adani Group denies any link

Gautam Adani. File | Photo Credit: Reuters Swiss authorities have frozen $311 million (₹2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of money laundering probe, suspecting he may be a frontman from the Adani group – a charge the conglomerate vehemently denied saying it was neither involved in any…

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Rupee rises 6 paise to close at 83.90 against U.S. dollar

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Rupee rises 6 paise to close at 83.90 against U.S. dollar

Forex traders said rupee trade was range-bound as the Reserve Bank of India (RBI) is maintaining a firm grip on the domestic currency. | Photo Credit: The Hindu The rupee witnessed range-bound trade and settled for the day higher by 6 paise at 83.90 (provisional) against the US dollar on Friday (September 13, 2024) supported…

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Boeing factory workers on strike after rejecting contract offer

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Boeing factory workers on strike after rejecting contract offer

Aircraft assembly workers walked off the job early Friday (September 13, 2024) at Boeing factories near Seattle and elsewhere after union members voted overwhelmingly to go on strike and reject a tentative contract that would have increased wages by 25% over four years. The strike started at 12.01 a.m. Pacific Daylight Time (PDT), less than…

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SEBI chief Madhabi Puri Buch, husband deny impropriety allegations

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SEBI chief Madhabi Puri Buch, husband deny impropriety allegations

SEBI Chairperson Madhabi Puri Buch. File | Photo Credit: PTI SEBI chief Madhabi Puri Buch and her husband Dhaval Buch on Friday (September 13, 2024) denied a series of allegations of impropriety and conflict of interest levelled by the Congress, saying these are “incorrect, motivated and defamatory”. Buchs said the allegations are based on Income tax returns filed by…

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