The Enforcement Directorate last week arrested three vivo-India executives in connection with its money laundering probe against the Chinese smartphone maker and some others.
Fresh inflows under various non-resident deposit schemes doubled to $6.1 billion in April-October 2023 from $3.05 billion in the same period of the last year, a recent Reserve Bank of India (RBI) data showed.
On the issue of movement of professionals, the official said that immigration debate and the ongoing FTA discussions in services are completely different things.
The Competition Commission of India and market regulator SEBI have reportedly sought details from Religare about the role of the Burman family, promoters of Dabur, in the company and its open offer plans.
In an interview with Indian Express, Kapur spoke about the importance of research and development (R&D), the scope for automating industrial processes, and the China-plus-one strategy.
The Monetary Policy Committee members, while keeping the repo rate unchanged at 6.50 per cent, said the fight against inflation is far from over amid concerns over repeated supply shocks.
The shorter settlement cycle of T+0 is being considered for the equity cash segment as an optional mechanism in addition to the current T+1 (Trade plus one day) cycle.
The instalment is in addition to the usual monthly devolution instalment of Rs 72,961.21 made earlier on December 11 and also in addition to the tax devolution instalment due to states on January 10, 2024.
The IMF, in a so-called article IV review, said India's general government debt, which includes federal and state government debt, could be 100% of GDP under adverse circumstances by fiscal 2028.
The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.
Among the Sensex firms, Wipro jumped over 6 per cent, the most among the frontline companies. HCL Technologies, Tata Motors, Maruti, Tata Steel, Infosys, Tech Mahindra, Larsen & Toubro and JSW Steel were the other major winners.
The Indian currency, however, remained under pressure due to continuous upward movement in the crude oil price triggered by evolving geopolitical situation and outflow of foreign funds, forex traders said.
In recent discussions between the Department of Financial Services and insurance players, it was brought up that insurance penetration needs rapid scaling up to achieve “insurance for all”.
“The Bill in its current form poses a grave threat to fundamental rights, democracy, and the internet as we know it, and must be withdrawn and altered in order to remove these flaws,” the letter, which includes signatories like the Signal Foundation and Mozilla, said.
Noting that while it is a popular idea that redistribution is the solution to raising living standards at a large scale, the essay said there were two problems with the approach.
The carbon border adjustment mechanism (CBAM) or carbon tax is expected to have an impact on India’s iron, steel, and aluminum exports worth $8-$9 billion headed into Europe and the UK.
According to forex analysts, despite positive sentiment in the domestic equity markets and a weak American currency against major global currencies, the Indian unit was weighed down by the volatile crude oil prices.
