MUMBAI: Mumbai airport and SpiceJet had a run in on social media on Monday over the latter’s pending dues. It started when the airport tweeted a passenger advisory stating that SpiceJet’s flight operations out of Mumbai will be “temporarily disrupted” from Aug 13 midnight. Mumbai airport posted the tweet on its official X handle “@CSMIA_Official”,…
MUMBAI: Markets regulator Sebi on Sunday said that US-based short-seller Hindenburg Research‘s latest report was “inappropriate” and that it had “adequate internal mechanisms for addressing issues relating to conflict of interest“. In its report, Hindenburg has alleged conflicts of interest by Sebi chairperson Madhabi Puri Buch. Sebi has asked investors to take an informed decision…
MUMBAI: Dalal Street on Monday is unlikely to react negatively to Hindenburg Research‘s latest report that alleged instances of conflicts of interest by Sebi chairperson Madhabi Puri Buch. Traders, dealers and fund managers that TOI spoke to and also who commented on social media messaging groups that are private, were more annoyed with the US…
MUMBAI: In 2022, when Madhabi Puri Buch took charge as Sebi chairperson, she broke several barriers – primary of them being the first woman and the first former private sector professional to head the markets’ regulatory body. After a four-and-half-year stint as a whole-time member at Sebi, she had taken a few months off due…
July 2024 CPI inflation: The Consumer Price Index (CPI) inflation for the month of July eased sharply to 3.54%. This is the lowest retail inflation in 59 months or nearly 5 years according to the Ministry of Statistics data released today.According to MoSPI data, the provisional inflation rate stands at 3.54% for the entire country,…
India’s richest investors: Anuj Sheth, Manish Jain, Vijay Kedia, and Akash Bhanshali emerged as the top wealth creators among India’s 15 wealthiest individual investors during the June quarter. However, the portfolios of Jhunjhunwala and Family, Ashish Kacholia, Tejas Trivedi, and Vishwas Ambalal Patel experienced a decline during the same period, as per data from primeinfobase.com…
Gold outlook: The recent Budget’s decision to reduce the import duty on gold from 15% to 6% has left investors in paper gold feeling cheated. The announcement caused domestic gold prices to plummet by more than 8%, from Rs 74,080 to Rs 68,388 per 10 grams. Gold ETFs and sovereign gold bonds, which are linked…
Latest Bank Fixed Deposit rates: In the past two months, several public sector banks (PSBs) in India have adjusted their fixed deposit interest rates. PSU banks are banking institutions where the government holds a majority stake of over 50% of the capital.Union Bank, Bank of India, Punjab National Bank, and other banks have revised their…
Vande Bharat trains for export! BEML Ltd, a state-owned heavy equipment manufacturer, anticipates that the rail and metro segment, alongside defence, will be the most significant contributor to its revenue in the near future. The company is looking to secure export orders for Vande Bharat and metro trains within the next few years. Shantanu Roy,…
Sunil Bharti Mittal-led Bharti Enterprises announced on Monday its intention to purchase a 24.5% stake in BT Group, the largest broadband and mobile provider in Britain. Bharti Enterprises said that it would acquire a stake worth about 3.2 billion pounds ($4 billion). The acquisition will involve buying out the shares held by Altice UK, the…
