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Mint had reached out to Buch on the sidelines of an event seeking clarification on how the regulator will identify an investment educator from an influencer. The Sebi move aimed to ensure market integrity by entrusting regulated entities to ensure that people associated with them do not indulge in prohibited activities.

According to a survey conducted by Calastone and ETF Stream, asset servicers are increasingly aware of the growing complexity of ETF products, with 40% of respondents arguing this will need further improvements in primary market servicing and technology. On the ETF issuers side, 38% of those polled highlighted the move to T+1 settlements as the biggest challenge on the ETF primary market servicing. Calastone: UK investors shun stocks despite global rally Around 44% of those surveyed said they do not believe asset servicers can meet the challenges taking into account the current sta...

Born from an endeavor to defy convention, Avión Lucky Liquid embodies a story of serendipity. This limited-edition release of just 100 bottles is the pioneering product of nine years’ aging for extra añejo tequila in one single oak cask that previously matured Mexican Cabernet Sauvignon. Left forgotten in the cellars until it was fortunately rediscovered, the result is an expression with unparalleled depth and character which takes its name from having beaten all odds – clearly prevailing as an exquisite 100% agave tequila despite the nature of its production.

Budget Expectations: As India eagerly anticipates the Union Budget 2024, one area of keen interest for taxpayers, especially corporates, is the refinement of the faceless assessment scheme. Despite its noble intentions and innovative approach, the implementation of the faceless assessment scheme has encountered several significant challenges, which, if appropriately addressed, can pave the way for meeting the underlying intended objectives and play a pivotal role for ‘Ease of Doing Business’ in India. Typically, in case of large corporate taxpayers, before concluding the assessments, the Faceless Officer calls for copious amounts of data, justification etc. from the taxpayer such, as reconciliation of revenue with the GST returns, reconciliation of information reported on the Insight Portal, details of expenses in pre-defined formats etc. These information requests are often issued close to the statutory deadline for concluding such proceedings, leaving taxpayers with very limited time to provide the reconciliation and the necessary supporting documents, ultimately leading to unwarranted additions.

Vedanta Ltd is likely to hit the market in the next couple of weeks to raise money through a qualified institutional placement (QIP) route, sources aware of the development said. The move aims to reduce debt and fulfil certain capital expenditure obligations. Earlier in May, the board of the natural resources major had approved fund raising of up to ₹8,500 crore, which then got shareholder approval in June. The company could, however, raise a lower amount of around ₹6,000 crore, the people said. A final decision on the quantum of the share issue has yet to be taken.

regulator has issued a show cause notice to Religare Enterprises subsidiary, Care Health Insurance (Care), in relation to the grant of stock options to Rashmi Saluja, the Religare chairperson, said sources aware of the development. The board of Religare, which in turn owns Care, and the promoter family of Dabur are locked in a protracted battle over the control of Religare. The Burman family made an open offer to minority investors of Religare and has accused the board of giving Saluja stock options in alleged violation of rules. In the show cause notice, which was issued last month, the regulator has alleged Care failed to comply with the directions of the Insurance and Regulatory Development Authority of India (IRDAI), sources added.

electrolyser manufacturing under the production-linked incentive (PLI) scheme, have conveyed to the government that they will be able to commission their units by next year, ahead of the 2026 deadline, said people aware of the development. This will be a boost to India's green ambitions as electrolysers are essential for green hydrogen production. John Cockerill Greenko Hydrogen, L&T Electrolysers, Reliance Electrolyser Manufacturing and Adani New Industries see their manufacturing units ready by 2025.

The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed...

RBI) has made certain adverse observations regarding the conduct of a senior executive chosen to head a state-owned bank. The banking regulator has made certain remarks in a letter on the conduct of Asheesh Pandey, currently an executive director (ED) at Bank of Maharashtra (BoM), and has asked the finance ministry to consider them while evaluating his candidature for the managing director position, said multiple people aware of the development. Pandey, age 54, is shortlisted for the role of MD & CEO at Indian Bank, but still requires final approval from the Appointments Committee of the Cabinet (ACC).

Dogecoin’s (DOGE) ten year journey takes a commemorative turn with the launch of Doge2014 token. This ERC20 token celebrates the legacy of the iconic meme coin.

Bank of India is likely to tap the debt market next week to raise up to Rs 10,000 crore through infrastructure bonds and Bank of India may follow suit a week later to raise Rs 5,000 crore. Infrastructure bonds help lenders reduce their overall cost of funds amid an ongoing battle for deposits as these debt instruments are exempt from the regulatory requirement of maintaining cash reserve ratio (CRR) and statutory liquidity ratio (SLR). SBI, the country’s largest mass lender, is likely to raise the funds through 15-year infrastructure bonds, people aware of the developments said. The debt sale is likely to take place around July 10-11, they said. The upcoming bond sale comes on the heels of an infrastructure bond issuance by the bank on June 26, through which it had raised Rs 10,000 crore amid strong demand from institutional investors. “They (SBI) are likely to again opt for a 15-year maturity infrastructure bond as they wish to actively develop the longer-term yield curve for these instruments,” one of the persons cited above said. “They would likely be looking for a coupon rate of around 7.35-7.36%, similar to the one that was set at the last issuance.” Bank of India is likely to carry out its infrastructure bond sale around the third week of July, with the state-owned lender likely to opt for securities maturing in 10 years, people aware of the matter said.

Gurugram, July 03, 2024: As the awareness and demand for term insurance gains momentum, Policybazaar has observed a steadily growing preference among High-Net-Worth Individuals (HNIs) for high-value insurance coverage. This shift is visible through an increasing number of HNIs opting for high-value policies of ₹20 Crore over the last few years.

New Jersey gambling regulators have fined DraftKings $100,000 for reporting inaccurate sports betting data to the state

NEW DELHI : Private companies spending lakhs of rupees on training their employees may receive an additional boost in the upcoming budget to ensure their workers are skilled enough to be among the world's best. The finance ministry is evaluating a proposal to incentivise private companies to train and upgrade the skills of their workers, two officials aware of the development told Mint.

Mint. To capture the growing opportunities in pre-IPO and late-stage companies, Sharma is also evaluating a secondaries fund. “While it’s too early to comment on this, we are definitely looking at these options as there is a lot of demand for secondaries now," he said.

Diya Kumari today presented the state budget in which she made four big announcements to promote solar energy in the state. Among the announcements include Energy Express Home Reforms. Besides, the state is planning to create model solar village in each district of the state. The FM has also proposed a plan to build 2 MW decentralised solar plant.

₹3 lakh to ₹4.8 lakh per annum, and for LIG from ₹6 lakh to ₹9.2 lakh per annum, aligning with Consumer Price Index (CPI) adjustments. These revisions are crucial to ensure the relevance and accessibility of housing schemes. Expand affordable home dimensions: Current size limits for EWS and LIG homes are inadequate for dignified living.

Hawaii islands is known for its picturesque beaches and various other tourist monuments. Like the other states of the US, it has its own share of challenges and one such issue is that of drugs. It has been reported by USA Today that Mexican cartels are wreaking havoc in this peaceful place. There are two dominant cartels which are Sinaloa and its rival which is known as the Cartel Jalisco Nueva Generacion who run the drug pipelines all the way from California and Nevada to Oahu. The government has been aware of this and is trying to tackle the issue.

India is readying a blueprint to enhance the participation of women in the national workforce to the global average, which the government considers crucial to achieve its developed nation goal by 2047. Proposals under consideration include incentives to create employment, development of the care economy, and enabling easier access to finance to encourage more women to join the labour force, said people aware of the deliberations. Discussions have commenced between the ministries of women & child development and labour & employment, as well as the Niti Aayog on possible interventions, they said. The budget to be introduced this month could capture some of these ideas.

economy ended the first quarter on a strong note with manufacturing sector activity rebounding in June after two months of deceleration while goods and services tax (GST) collections came in strong. Passenger car sales rose further in the month from last year's high base. However, the intense heatwave may have adversely impacted some sectors in the quarter. GST collections rose 8% in June to Rs 1.74 lakh crore from Rs 1.61 lakh crore a year earlier, people aware of the numbers told ET. As per industry estimates, 340,784 cars, sedans and utility vehicles were sold last month compared with 328,710 units in the same month the preceding year. A little over half of these volumes, 53%, came from the sale of sports utility vehicles (SUVs).

The Internal Revenue Service has begun an eight week awareness campaign to ensure that tax professionals are protecting themselves and their clients against identity theft.