Capital markets regulator Sebi has imposed penalties totalling Rs 28.95 crore on Suzlon Energy, its chairman and managing director Vinod R Tanti, promoter Girish R Tanti and others for alleged misstatements in the company’s financial disclosures spanning several years, PTI reported.In a 96-page order issued on Friday, Sebi said Suzlon Energy Ltd’s financial statements did…
India’s foreign exchange reserves fell by $7.511 billion to $681.384 billion in the week ended May 22, extending their decline for a second consecutive week, according to data released by the Reserve Bank of India (RBI) on Friday, reported PTI. The reserves had dropped by $8.094 billion in the previous reporting week to $688.894 billion….
Indian benchmark indices witnessed a dramatic sell-off in the final hour of trade on Friday, with the BSE Sensex plunging 1,092.06 points to settle at 74,775.74 and the NSE Nifty dropping 359.40 points to close at 23,547.75. The benchmarks had traded in positive territory for much of the session. (REUTERS File) The benchmarks had traded…
The US expects to finalise an interim trade agreement with India in the coming weeks and months as both countries work to deepen economic and technology ties, US Ambassador to India Sergio Gor said on Thursday.“Our current interim trade agreement is on the table for us to finalise that will unlock prosperity for both of…
Mumbai: Reserve Bank of India has set for itself a packed agenda for 2026-27 with a review of the RBI Act and major technology upgrades, including the rollout of the next-generation core banking system e-Kuber 3.0, development of an alternate payment system, and creation of a unified enterprise platform. It also plans to build an…
The Supreme Court has sought an authoritative ruling by a larger bench on the interplay between insolvency moratorium provisions and cheque bounce prosecutions, referring to the Chief Justice of India the question whether proceedings under Section 138 of the Negotiable Instruments (NI) Act can continue against business entities undergoing insolvency resolution. Supreme Court of India….
Growth was primarily supported by robust private consumption and sustained investment activity. Amid the Middle East crisis and the US-Iran conflict, the Indian economy is in focus for the possible fallout from the war and rising global crude oil prices that is now hitting the external sector’s resilience. However, striking a positive note, the Reserve…
North America and the European Union propelled the growth engines of India’s engineering goods exports in April even as shipments to the Association of Southeast Asian Nations (Asean) and the West Asia and North Africa (WANA) regions fell, according to the Engineering Exports Promotion Council (EEPC). India’s engineering exports to most of the key destinations,…
When Kevan Parekh took over from Luca Maestri in January of 2025 for all things accounting and financial planning at Apple, he knew exactly where to look. “I’m very passionate about metrics,” he quips. Parekh, Apple’s Senior Vice President and Chief Financial Officer, is in India this week to meet with developers—a crucial signal about…
NEW DELHI: The Centre is staring at a massive surge in its subsidy bill during the current fiscal year as fertiliser payouts may reach Rs 3.8 lakh crore – more than twice the budgeted level – against govt’s total budgeted subsidy bill of Rs 4.1 lakh crore for 2026-27.For cooking gas too, the budgeted subsidy…
