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The world’s most important semiconductor-manufacturing hub is also one of the world’s biggest earthquake hot spots, and it was put to the test Wednesday after a powerful quake. Taiwan Semiconductor Manufacturing—which makes chips for customers such as Apple and occupies a critical place in the global electronics supply chain—has prepared for years for a quake, drawing on lessons from a 2011 disaster in Japan among others. TSMC briefly evacuated some of its locations Wednesday and suspended work at some plants after an estimated 7.4-magnitude quake struck eastern Taiwan.

Nithin Kamath wrote: “I have said this before, regulatory risk is by far the biggest risk for stock brokers." "The RBI has its own reasons for restricting unhedged currency derivatives, but this means the death of currency derivative trading on stock exchanges by retail traders," he added. According to a 5 January RBI circular, starting 5 April, the traders have been mandated to demonstrate contracted or prospective currency exposure to participate in the currency derivatives segments provided by exchanges such as the NSE (National Stock Exchange) and the BSE (formerly Bombay Stock Exchange).

CBSE) has extended the registration date to apply for the Central Teacher Eligibility Test (CTET) July 2024 session. The CTET is a mandatory qualification for teachers seeking positions in government schools from Class 1 to Class 8. The registration process for the CTET July 2024 session began on March 7th, 2024, allowing candidates a three-week window to apply. This window was to close on April 2nd. But now CBSE has extended the registration date to April 5, 2025 (11.59 pm)

Bombay High Court on Tuesday sought to know from the Serious Fraud Investigation Office (SFIO) under which circular or provision it could downgrade a lookout circular issued against a woman being investigated in a 2019 fraud case. A division bench of Justices Revati Mohite Dere and Manjusha Deshpande was hearing a petition filed by one Shikha Kapadia, who was seeking to quash an LOC issued against her in September 2019 after the SFIO launched a probe against her and her employer company. Advocate S K Halwasia, appearing for the SFIO, informed the court that the authority was downgrading the LOC issued against Kapadia. «We are downgrading the LOC to an extent where she (Kapadia) does not have to seek permission whenever she needs to travel. The immigration officers will inform the SFIO every time she travels,» Halwasia said.

NDTV on 2 April. Seeking information regarding the SOPs laid down by the bank for the electoral bonds scheme, noted activist Anjali Bhardwaj had filed a petition under Right To Information (RTI) Act. In response, the bank via SBI's Deputy General Manager M Kanna Babu said that SOPs were internal guidelines.

Mint takes a look at how the health of Indian banks has improved over the years. Data from the RBI showed that in FY14 — the fiscal year preceding the start of the NDA government’s first term — the gross non-performing asset (NPA) ratio was at 3.8%. The bad-loan crisis peaked in FY18, when 11.2% of loans had soured.

Reserve Bank of India's (RBI) latest guidelines on penal charges on loan accounts have come into effect from April 1. The norms prohibit commercial banks and finance companies from charging borrowers penal rates on loan defaults or any other non-compliance event. Sangita Mehta explains the rationale behind such an action and the rights of the borrower and the lender after the latest guidelines. What do the new penal interest guidelines say? RBI has barred banks and finance companies from charging penal interest, often levied on customers for delays in payment of equated monthly instalments (EMI). Also, lenders cannot introduce additional components to the rate of interest as a substitute. RBI has allowed a lender to levy penal charges; however, banks must ensure that there is no capitalisation of the penal charges and no further interest computed on such charges.

Ayurvedic wellness centres, homeopathy clinics and Unani hospitals across the country may soon have integrated accreditation standards, as the government pushes to widen the reach and popularity of alternative medicine. The National Accreditation Board for Hospitals and Healthcare (NABH) has requested stakeholders’ views on common accreditation standards it plans to issue by June, chief executive Atul Mohan Kochhar said. The decision was taken to ensure ease of business for the wellness centres, he added.

—Name withheld on request

demat account is a crucial step for investors looking to invest directly in the stock market. However, before diving into the world of trading and investments, individuals must adhere to certain KYC (Know Your Customer) norms mandated by regulatory authorities. These norms serve to verify the identity and credentials of account holders, ensuring transparency and security in financial transactions.

Yes Bank share price ended the day with gains of 5.4% on Monday. While the benchmark indices saw strong gains and Nifty-50 index gained 0.6% on positive cues, the strong investor sentiments on private banks were also reflected by 1.03% rise in Nifty Private Bank index.

Bureau of Civil Aviation Security (BCAS) has issued a fresh guideline to airports and airlines for deplaning passengers during tarmac delays. Zulfiquar Hasan, Director General of BCAS, said that they have prepared the guidelines and issued to airport operators and airlines. «In case of delays (no specific time limit of delay) the call will be taken by airport security or airlines to deplane passengers and bring them to boarding area again,» he said.

Election Commission issued a censure on Monday to BJP leader Dilip Ghosh and Congress' Supriya Shrinate for their derogatory remarks against the dignity of women. The Commission stated that their comments constituted a low-level personal attack and breached the provisions of the Model Code of Conduct.

How to download JEE Main Session 2 admit card Step 1: Visit the official website jeemain.nta.ac.in. Step 2: Now, open the activate link stating ‘Session 2 admit card’ Step 3: Enter your application number, date of birth and log in.

Reserve Bank of India (RBI) on shielding the identities of officers who spot wilful defaulters and build cases against errant borrowers, said bankers aware of the development. A recent High Court order has directed banks to name the employees on committees identifying a borrower as a wilful defaulter. The division bench order about Milind Patel, director of IFIN versus Union Bank of India, also asked the bank to provide the petitioner full access to the relevant documents and material on record. This is yet another contentious issue between lenders and the borrower. The Union Bank had argued that it is not obliged to provide evidence to the borrower as per the RBI guidelines. Lenders will seek RBI's guidance on this issue, too, the bankers cited above said. The bank management lobby, the Indian Banks Association (IBA), will soon seek advice on ways to address this issue.

HDFC Bank has informed its customers that National Electronic Funds Transfer (NEFT) transactions may not be available on April 1, 2024, due to procedures regarding financial year-ending. Even if the NEFT facility is available for select HDFC Bank customers, it may get delayed. So those who are planning to transfer money may avoid NEFT on Monday. Further, if you receive salary or other payments through NEFT transfer on April 1, 2024, they may also get delayed due to the same reason. HDFC Bank customers may use other transaction methods such as Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS), and Unified Payments Interface (UPI) to transfer money on April 1, 2024.

Priyanka Gandhi Vadra on Saturday questioned the government over the new Telecom Bill recently passed in the Parliament and wondered whether there was a scam worth thousands of crores in the allocation of satellite broadband spectrum. The Congress general secretary alleged that through the new Telecom Bill, the Narendra Modi government has «flouted» the rules and guidelines of the Supreme Court applicable since 2012. Why was this done? she asked. In a post on X in Hindi, Priyanka Gandhi posed questions for the government.

Siddaramaiah's son, Yathindra Siddaramaiah, of violating the Model Code of Conduct (MCC) by using derogatory language against Prime Minister Narendra Modi and Home Minister Amit Shah. In a letter to the poll body, the state unit of the BJP alleged that Yathindra Siddaramaiah's remarks during a party meeting in Hanur town of Chamarajanagara district were a breach of the MCC guidelines issued by the EC. The letter emphasized that such personal attacks on political leaders were unacceptable and demanded action against the former MLA for his comments.

In its National Trade Estimate Report on Foreign Trade Barriers 2024, the US Trade Representative (USTR) said: «Since 2021, US firms have been subject to an increasing number of takedown requests for content and user accounts related to issues that appear politically motivated». As per the report, India's customs system is complex and open to administrative discretion. It also cited a lack of clarity on definitions related to brand owners, date markings, non-retail containers, and multi-unit pack on alcoholic beverages.

FY24 Stock Market Recap: BSE PSU index gains 92%, 37 stocks surge over 100%; check top gainers “In pursuance of SEBI guidelines for periodic revision of lot sizes for derivatives contracts specified in the SEBI circular CIR/MRD/DP/14/2015 dated July 13, 2015, the market lots of derivatives contracts shall be revised," the stock exchange said in the notification. The derivative lot size of 128 stocks remains unchanged, encompassing companies such as Apollo Hospitals, Bajaj Finance, Asian Paints, and Adani Enterprises. Also read: FY24 Review: Gold price continues to glitter amid geopolitical concerns; outlook bullish for FY25 For 6 stocks, the lot size has been increased, including Zee Entertainment, Polycab India, Navin Flourine, Dalmia Bharat, Bandhan Bank, and Atul.

In the realm of personal loans, the interest rate structure stands out as a crucial consideration. Borrowers typically encounter two primary options: Fixed and variable interest rates, each presenting its array of benefits and considerations.