The SEBI order stipulates compliance with the Companies Act, 2013, and requires the government to report the acquisition to SEBI within 21 days.
The Trump tariff triggered selloff in IT, while pharma bucked the trend.
India faces a 26% reciprocal tariff—half of the 52% duty it levies on American imports. China, meanwhile, will see a 54% tariff in response to its 67% duty on US goods.
The Unified Payments Interface (UPI) experienced a temporary outage for the second time within a week.
Declaring April 2 as "Liberation Day", US President Donald Trump announced the tariffs but has exempted certain sectors. India’s pharmaceutical sector has made a big win, temporarily avoiding the new levies.
10 grams of 24 carat gold priced at Rs 53,020 in India, while 10 grams of 22 carat gold cost Rs 48,600.
As cryptocurrency-focused venture capital firms have raced to India over the past two years, Binance CEO Changpeng Zhao has said that the crypto exchange does not see India as a viable business opportunity.
Finance Minister Nirmala Sitharaman on Friday urged the Asian Infrastructure Investment Bank (AIIB) to scale up investments and mobilize private finance in India's key priority areas like renewable energy, energy efficiency, and climate-smart technologies.
The Real Estate Regulatory Authority (RERA) of Gurugram has sentenced builder, Salman Akbar, to 60 days of civil imprisonment in a contempt case. RERA Adjudicating Officer Rajender Kumar pronounced the sentence in the matter of Garima Gupta vs ILD Millennium Private Ltd.
The Central government on Friday released the draft data protection bill 2022 which entails a provision of a fine of up to Rs 250 crore on data-managing entities that fail to take reasonable security safeguards.
