Financial Express Mumbai - March 16, 2024
Financial Express Mumbai - March 16, 2024
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In this issue
March 16, 2024
ICC TV rights: Star drags Zee to London arbitration court
STAR INDIA HAS initiated proceedings against Zee Entertainment in the London Court of International Arbitration over non-compliance of the agreement for the sub-licence of TV broadcasting rights of ICC international matches from 2024 to 2027.
1 min
Sebi to roll out beta version of T+0 from Mar 28, provides FPIs disclosure relief
THE SECURITIES AND Exchange Board of India (Sebi) will roll out the beta version of the T+O settlement on an optional basis from March 28.
1 min
Reliance-linked Qwik Supply Chain emerges from shadow
RIL says firm not its subsidiary
2 mins
Cracking the whip again: SC says SBI duty-bound to give bond numbers
A DAY AFTER the Election Commission (EC) released a list provided by State Bank of India (SBI) of all entities that purchased electoral bonds since April 2019 to make political donations, the Supreme Court on Friday expressed its displeasure over the non-disclosure of the bond numbers.
3 mins
CCI orders probe into Google's app billing system
THE COMPETITION COMMISSION of India (CCI) on Friday ordered a probe against Google, after finding the tech giant's user choice billing (UCB) system to be \"prima facie\" anti-competitive as it involves \"abuse of dominant position.\"
2 mins
MF stress test reveals low liquidity in some schemes
SOME LEADING MUTUAL fund houses could need as many as 30 days to liquidate 25% of their small-cap schemes, a stress test mandated by the Securities and Exchange Board of India (Sebi) showed on Friday.
2 mins
Exports up 12% in Feb, imports grow in tandem
INDIA'S MERCHANDISE EXPORTS grew 11.9% on year in February to $41.40 billion, the highest level in 11 months despite the headwinds from the Red Sea crisis and persistent geopolitical tensions and the stagnation in world trade.
2 mins
EV policy: Make in India, made for Tesla
THE GOVERNMENT ON Friday announced a new electric vehicle (EV) policy, aimed at promoting domestic manufacturing by global players, paving the way for the India entry of US-based Tesla.
2 mins
Rural housing scheme to be revamped after polls
Financial support to be enhanced too
1 min
Firms may process unclaimed shares, dividend refunds
Discussion paper floated for comments to expedite process
2 mins
Links between electoral bonds and agency raids only assumption: FM
TERMING THE ALLEGATIONS of links of probe agency raids and donations through electoral bonds as \"assumptions\", finance minister Nirmala Sitharaman said on Friday that the funding mechanism scrapped by the Supreme Court was an improvement on the past and that the government may look at a more transparent method.
2 mins
Infra projects worth ₹8 trn under works in Maha: CM
INFRASTRUCTURE PROJECTS WORTH 8 trillion are currently under various stages of implementation in Maharashtra, the highest in any state, chief minister Eknath Shinde said on Friday.
1 min
UK FTA: Majority of difficult issues close to resolution
THE MAJORITY OF difficult matters in India-UKFTA negotiations are moving towards resolution, and both sides are actively engaged for a fair and equitable deal, commerce ministry officials said on Friday.
1 min
OMCs to decide on more fuel price cuts, says Puri
Their profitability to play a role too, says oil minister
1 min
Fuel rate cut to not hit OMC margins
THE RECENT CUT in prices of petrol and diesel is unlikely to impact the marketing margins of the company, said Shrikant Madhav Vaidya, chairman of Indian Oil
2 mins
India's venture debt growth hinges on uptick in VC round: Stride Ventures
EVEN THOUGH VENTURE debt deals saw a surge last year, crossing the $1 billion mark in India amid an equity crunch, the growth in deployment of venture debt this year will largely depend on any uptick in venture capital rounds, said Apoorva Sharma, managing partner at venture debt firm Stride Ventures.
1 min
Airtel, Jio lead suspected SIM users; Vi has most beyond nine
AN ANALYSIS BY the department of telecommunications (DOT) has found that telecom operators Bharti Airtel and Reliance Jio have the most number of suspected mobile users, meaning those who got connections on forged documents, across the country.
2 mins
Duty cut won't hit local EV players, say experts
THE CUT IN import duty applied on electric vehicles (EV) fully built outside of India will be on those models which do not form the core of the Indian car market and will therefore not impact Indian companies, said some senior executives.
2 mins
VinFast India's trial run for production likely to start in '25
Chalks out 500 mn investment plan overt five years
1 min
US court rejects lenders' plea for injunction against Byju's
Edtech also stopped from transferring or using 533 mn
1 min
Russia goes to polls, Putin looks to secure 5th term as president
RUSSIANS CAST THEIR ballots across the country's 11 time zones on Friday, the start of a three-day election that is almost certain to hand Vladimir Putin six more years at the helm of the world's biggest nuclear power.
1 min
China tightens IPO scrutiny, listed firms to revive market
CHINA PUBLISHED A set of rules on Friday that would tighten scrutiny over stock listings, public companies and underwriters, as regulators ramp up efforts to revive investor confidence.
1 min
Ahead of tax payments, RBI injects ₹75,000 cr via VRR
THE RESERVE BANK of India (RBI) on Friday infused ₹75,000 crore into the banking system through the variable rate repo (VRR) auction, aiming to provide funds to the banks ahead of advance tax and Goods and Services Tax (GST) payments which will drain out liquidity from the system.
1 min
Planning to surrender your life insurance? Know the costs first
You have to pay penalties and may also suffer a loss in accumulated value
2 mins
RBI widens scrutiny of credit 'exuberance'
THE RESERVE BANK (RBI) is stepping up its fight against \"exuberance\" in retail lending, targeting new areas, including mortgagelinked \"top-up\" loans, on concern about rising risks to the financial system, a dozen sources said.
1 min
SC says SBI duty-bound to give bond numbers
CONSIDERING THE EC plea, CJI Chandrachud noted that SBI had not furnished the bond numbers to the EC, though the court had directed that all details be given.
2 mins
Firms decry small rise in Bt cotton seed price
THE GOVERNMENT'S DECISION to increase Bt cotton hybrid seeds price only marginally for the next kharif season (2024-25) season to ₹864/pack is likely to hit quality seed supplies and financial viability of the seed companies, a senior official with the federation said.
1 min
Indian Express journalist is joint winner of Chameli Devi award
THE INDIAN EXPRESS'S Chief of National Bureau (govt) Ritika Chopra and independent journalist Greeshma Kuthar have been jointly awarded the Chameli Devi Jain Award 2024 for Outstanding Woman Media Person of the Year.
1 min
Modi's poll push in South: Kerala, TN, Telangana in a day
Shaju Arun Philp, Janardhanan & Sreenivas Janyala Thiruvananthapuram, Chennai, Hyderabad, Mar 15 Prime Minister Narendra Modi visited Kerala, Tamil Nadu and Telangana on Friday as part of a campaign blitz in the southern states ahead of the upcoming Lok Sabha elections.
1 min
ED arrests BRS leader K Kavitha in Hyderabad
K KAVITHA, A Bharat Rashtra Samithi (BRS) leader and daughter of former Telangana CM K Chandrashekar arrested by the Enforcement Directorate on Friday, hours after the agency and the Income Tax department conducted searches at her Hyderabad residence.
2 mins
LS election dates to be announced today
THE ELECTION COMMISSION on Friday said that the schedule for elections to the Lok Sabha and some state Assemblies will be announced on Saturday.
1 min
Satwik-Chirag's defeat is a reminder of men's doubles' toughness
WHEN LAST WEEK Marcus Fernaldi Gideon announced his retirement, the tributes inevitably were centered around the domination that he and Kevin Sanjaya Sukamuljo had on badminton's BWF World Tour.
1 min
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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