New Delhi, Markets regulator Sebi on Wednesday said it has formed a working group to undertake a review of the regulatory framework governing ESG Rating Providers (ERPs). The decision has been taken based on feedback received from market participants and stakeholders regarding the existing regulatory framework. The working group comprises representatives from issuers, investors/ ESG…
For millions of salaried professionals and self-employed Indians, financial concern is not just job loss or market volatility — it is securing a safety net in retirement.Unlike most government employees who are covered under pension schemes, most private sector workers today must build their own retirement fund. This has made the National Pension System (NPS),…
NEW DELHI: India “doesn’t engage as a meek country,” Union commerce minister Piyush Goyal said on Wednesday asserting that “trust and negotiation from a position of strength,” have defined the country’s recent trade successes.Speaking at the Global Economic Cooperation Summit in Mumbai, Goyal said India’s approach to economic diplomacy is rooted in engagement, confidence and…
Gold price today: Gold prices surged on Wednesday, rising Rs 1,297 to Rs 1,52,715 per 10 grams in futures trade, driven by firm spot demand and fresh buying by speculators.On the Multi Commodity Exchange (MCX), gold contracts for April delivery climbed Rs 1,297, or 0.86%, to Rs 1,52,715 per 10 grams, with a business turnover…
A senior executive of NVIDIA said on Wednesday India needs to significantly scale up its investment in Artificial Intelligence (AI) infrastructure from the current $1.2 billion to align with global levels, describing the Union Budget’s 20-year tax holiday for foreign companies as a major opportunity to build foundational AI capacity. Speaking at the AI Impact…
September’s GST cuts had helped keep prices steady for a while, but now, almost six months in, the phase is ending. India’s consumer goods makers now increasing prices by up to 5%, as rising commodity costs and weak rupee put pressure on margins. The impact is now visible in stores this quarter, with distributors saying…
Cigarette stocks lit up Dalal Street on Wednesday after reports that manufacturers had raised prices to counter higher tax outgo. Shares of ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd climbed by as much as 15%, following media reports that companies have implemented price hikes to pass on the impact of the recent…
Oman’s New Tiered Expat Work Permit Fees: Incentives for Omanisation Compliance The Sultanate of Oman is shaking up how companies hire foreign workers by introducing a tiered fee structure for expatriate work permits that directly ties costs to compliance with national employment targets known as Omanisation. The move, announced this week by the Ministry of…
Gold price prediction today: Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers is of the view that gold prices are likely to resume their upward trend in the long run. He takes a look at the top factors for gold prices in the coming days: Gold ended the last week…
Planning to visit a bank? You might want to check the bank holiday list first! Banks in India follow both national and state-specific holidays, which means branches do not shut uniformly across the country. What’s open in one region could be closed in another, and hence, it is essential to check the schedule in advance…