Apollo Hospitals Enterprises Ltd and five of its directors have settled a foreign exchange rules violation case after the Reserve Bank of India (RBI) issued a compounding order under FEMA, bringing regulatory proceedings against them to a close. The settlement follows alleged contraventions related to foreign investment and shareholding regulations. The order covers Apollo Hospitals…
Securities and Exchange Board of India (SEBI) on Wednesday, June 17, issued a fresh warning, cautioning investors regarding transactions in unlisted securities of public limited companies conducted through unauthorised electronic platforms and websites. “Investors are once again cautioned about the risks in conducting any transactions/trading on such electronic platforms or sharing any sensitive personal details…
India’s investment cycle is broadening beyond traditional capital-intensive industries, with sectors such as artificial intelligence (AI) applications, data centres, electric vehicles (EVs), green energy and global capability centres (GCCs) expected to play a larger role in driving corporate spending over the coming years, according to Vinod Karki, Head-Strategy at ICICI Securities. Karki expects investments in…
All eyes are on the US Federal Reserve as policymakers prepare to unveil their latest monetary policy decision on June 17, following a closely watched two-day meeting led by new Fed Chair Kevin Warsh. The Federal Open Market Committee (FOMC) is widely expected to leave interest rates unchanged, maintaining the federal funds target range at…
Telecom infrastructure firm RailTel Corporation of India Ltd on Wednesday (June 17) said it has received a Letter of Intent (LoI) from the Director IT for a domestic contract related to disaster recovery IT infrastructure. The company said the estimated size of the order is ₹52.57 crore (including tax). The scope of work includes supply,…
During the investor day event, JLR project its revenue to grow by 13 per cent to £26 billion for FY27 from £23 billion reported in FY26. Read Full Article It projected its EBIT margins to come in at 4 per cent, compared with just over 0 per cent in the previous financial year. While the…
US Fed FOMC Meeting LIVE Updates: The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting on Wednesday (June 17), marking the first Federal Open Market Committee (FOMC) meeting under new Chair Kevin Warsh. US Fed FOMC Meeting LIVE Updates: The US Federal Reserve is widely expected to keep…
IT company HCLTech Ltd on Wednesday (June 17) said it has entered into a multi-year strategic partnership with e.solutions, a Germany-based automotive software specialist and part of the Volkswagen Group, to develop next-generation software-defined infotainment and connectivity solutions. Under the agreement, HCLTech will support the development of AI-enabled infotainment and connectivity platforms built on Android…
Stock Market Today, June 17 Highlights: Indian stock markets continued their winning streak for the fourth consecutive day on Wednesday, with Sensex and Nifty closing in the green territory, supported by a significant fall in crude oil prices following a peace deal between the US and Iran and easing FII outflows. Analysts flag oil as…
Banking stocks are likely to lead the next rally. (Image: ET NOW) India’s equity markets may appear directionless on the surface, but beneath the volatility, a structural shift is quietly taking shape, according to Atul Suri of Marathon Trends. Suri noted that the market is currently in a consolidation phase, with signs of a bottoming-out…
