In this issue

March 30, 2023

Sebi unveils key reforms to protect investors, mkt

Board approves ASBA-like facility for secondary market, sponsor-less AMCs

2 mins

GOVERNMENT TO ISSUE GREEN BONDS WORTH ₹23,764 CR IN FY24

The Centre is expected to issue ₹23,764.46 crore worth of sovereign green bonds in the coming financial year (FY24), according to the Expenditure Profile documents of the 2023-24 Union Budget. This is nearly 49 per cent higher than ₹16,000 crore worth of the maiden green bond issuances by the government in FY23.

1 min

Google gets NCLAT relief on four key CCI directives

But appellate tribunal upholds ₹1,338-cr fine

4 mins

GoMechanic acquired by Lifelong-led consortium

Financial details of deal remain fuzzy

2 mins

5 states, Delhi account for over 55% of 5G BTS towers

Maharashtra, Gujarat, UP among the six; share goes up to 62% with West Bengal

2 mins

Honda EV plan: Dedicated unit, 2 e-scooters in a yr

Capacity will be increased in phases; to produce 1 million units by 2030

3 mins

Lok Sabha passes Competition Bill with penalty tweak

Turnover from all global products and services to be considered while calculating fines instead of turnover of only relevant Indian operations

2 mins

99.9% UPI transactions remain free, says NPCI

Interchange fee of 1.1% to be levied only on wallet transactions over ₹2,000; step to make UPI pricing market-driven and competitive, say experts

3 mins

IDBI Bank financial bids expected by Jun

The government and Life Insurance Corporation's (LIC's) strategic stake sale in IDBI Bank is expected to move to the second stage by the first quarter of FY24, said two people in the know.

2 mins

New FTP may not bank on incentives to boost exports

The Centre is set to unveil the much-awaited new foreign trade policy (FTP) on Friday, after extending the current policy for three years. The new FTP is likely to focus on areas, such as developing districts as export hubs, ecommerce, and promoting ease of doing business.

1 min

India set to become net coal by 2025-26: Joshi exporter

Govt launches 7th tranche of coal mine auctions

1 min

Atmanirbhar Bharat: Aim for indigenous weaponry

The second of a five-part series takes a close look at the military's push for acquisition of defence equipment from domestic sources rather than overseas

2 mins

Credit Suisse still helping wealthy dodge taxes, says US Senate panel

This violates the $2.6-billion plea deal the bank reached with the US Justice Department in 2014

2 mins

Pause Al systems, they are a risk to society, say Musk, experts

\"Recent months have seen Al labs locked in an out-of-control race to develop and deploy ever more powerful digital minds that no one - not even their creators can understand, predict, or reliably control,\" said an open letter published on the Future of Life Institute website.

2 mins

Ermotti returns as UBS CEO to oversee Credit Suisse takeover

UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse - a surprise move to take advantage of the Swiss banker's experience rebuilding the bank after the global financial crisis.

2 mins

Netanyahu rejects Biden's call to halt judicial overhaul

WAR OF WORDS: ISRAEL A SOVEREIGN COUNTRY... I DON'T MAKE DECISIONS BASED ON PRESSURE FROM ABROAD, SAYS PM

2 mins

Unhealthy controversy

Govt should engage protestors to make Right to Health work

2 mins

Short selling and activism don't go together

The Adani-Hindenburg saga has created volatility and waves of uncertainty in the markets. While the media has been proactively covering the story, this article explores the propriety of investigative disclosures by a short seller, leaving the jurisdictional question aside. The commentary is not on the merits of the \"investigation findings\" covered in the Hindenburg report.

4 mins

Revisiting regulations

Rules should not bypass the principles of natural justice

2 mins

It's financial sector greed again

US and European regulators ignored basic risk management

4 mins

Sebi green-lights ₹33K-cr backstop for debt mutual funds

The Securities and Exchange Board of India (Sebi) has approved a ₹33,000-crore backstop emergency fund for debt mutual funds (MFS) to help instil confidence in investors in the corporate bond market and also enhance secondary market liquidity.

2 mins

Gig workers still on the treadmill

Uncertainties over the Social Security Code keep India's 7.7 mn gig workforce outside the purview of basic benefits

5 mins

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