Business
Sebi, NISM and IICA sign MoU to strengthen capital markets, focus shifts to governance and ESG
The National Institute of Securities Markets (NISM), established by the Securities and Exchange Board of India (Sebi), and the Indian Institute of Corporate Affairs (IICA) under the Ministry of Corporate Affairs have signed a Memorandum of Understanding (MoU) to strengthen corporate governance, ESG frameworks and capital markets in India.According to the Ministry of Corporate Affairs,…
Middle East crisis: 58,500 LPG connections surrendered for PNG, 96% deliveries now authenticated
The Centre on Thursday assured the people on the situation in the country amid the evolving situation in Middle East. In an inter ministerial briefing, it said LPG deliveries across the country remain stable amid the, with Delivery Authentication Code (DAC)-based deliveries rising to nearly 96 per cent to curb diversion and black marketing.Officials from…
‘No fuel shortage’: OMCs assure uninterrupted petrol, diesel and LPG supplies amid Middle East tensions
State-run oil marketing companies (OMCs), including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL), on Thursday said fuel and LPG supplies across the country remain uninterrupted amid the ongoing Middle East crisis, assuring consumers that there is adequate stock and no shortage in the system, ANI reported.The…
US-Iran war: Will rupee hit 100 versus US dollar soon?
Down over 7% in 2026 alone, rupee has become Asia’s worst-performing currency. (AI image) At a time when the rupee is touching all-time lows every day, the lyrics from a Bollywood movie are ringing true: “…the whole thing is that ki bhaiya, sabse bada rupaiya”. Because in the current scenario of US-Iran war and geopolitical…
Wipro founder Azim Premji’s son buys Rs 45.7 cr Bengaluru home
Bengaluru: Tariq Premji, son of billionaire philanthropist and Wipro founder Azim Premji, has bought a luxury duplex penthouse in central Bengaluru for Rs 45.7 crore, according to property registration documents shared via Zapkey.The apartment is located at “27 Summit,” an ultra-luxury residential tower in Sampangiramnagar near the city’s CBD. The project has been developed by…
US mortgage rates hit highest level in nearly nine months, borrowing costs rise for homebuyers
The average long-term US mortgage rate climbed this week to its highest level in nearly nine months, raising borrowing costs for homebuyers during what is traditionally the busiest season for the housing market, AP reported.The average rate on a 30-year fixed mortgage rose to 6.51 per cent from 6.36 per cent last week, according to…
Sebi proposes IPO, re-listed stock pricing revamp; aims to improve price discovery and reduce distortions
Market regulator Sebi on Thursday proposed changes to the price discovery mechanism through call auction sessions for IPOs and re-listed stocks, seeking to improve price discovery and address concerns around artificially suppressed pricing, PTI reported.In a consultation paper, Sebi suggested revising the methodology used for determining the base price of re-listed stocks.Under the proposal, if…
Central labour codes & rules are here: What could change for employees?
In simple terms, the rules do not change the intent of the law; they make it implementable. (AI image) For many employees, labour law changes often feel distant – something that affects companies more than individuals. The notification of the final Central Rules under India’s four labour codes on 8 May 2026 does not introduce…
US stock markets today (May 21, 2026): Wall Street extends losses as oil prices rebound, Nvidia earnings fail to lift sentiment
US stock markets moved lower on Thursday extending recent losses as a rebound in oil prices and rising Treasury yields renewed pressure on equities despite another strong earnings performance from Nvidia, AP reported.The S&P 500 slipped 0.4 per cent and was on course for a fourth decline in five sessions after recently touching a record…
Car buyers alert: Maruti Suzuki to raise prices by up to Rs 30,000 from June; check what changes
Car buyers will have to pay more from next month as Maruti Suzuki India on Thursday announced a price increase of up to Rs 30,000 across its vehicle portfolio from June 2026, citing inflationary pressures and a persistently adverse cost environment, PTI reported.In a regulatory filing, the country’s largest carmaker said the exact increase would…