Trai imposes over Rs 1 cr penalty on Voda Idea for failure to curb pesky calls, SMS
New Delhi, Sep 29 (PTI) Telecom regulator Trai has imposed over Rs 1 crore penalty on Vodafone Idea for failure to curb pesky calls and SMS, the company said on Friday. The Telecom Regulatory Authority of India (Trai) levied the fine on September 28, Vodafone Idea (VIL) said in a regulatory filing on Friday. “Failure […] Key Points
ThePrintSebi using Artificial Intelligence for investigations, says official
India Business News: The Security Exchange Board of India (Sebi) has been using Artificial Intelligence (AI) for its investigations. Referring to the instances of stock market manipulations, Varshney said adhering to the law will be more beneficial and violation will cause problems. The Securities and Exchange Board of India (Sebi) has been taking action against violators as well as measures to enhance transparency and curb misdoings. Key Points
Times Of IndiaGovt-appointed panel moots ex-ante competition regulations for big tech
New Delhi, Mar 12 (PTI) A government-appointed panel has proposed ex-ante regulations for large digital enterprises to curb any possible anti-competitive business practices. The Committee on Digital Competition Law (CDCL) came out with its report and draft legislation on Tuesday and has sought public comments. The panel was set up in February last year following […] Key Points
ThePrintIndia's central bank likely sold US dollars to limit rupee's losses
MUMBAI (Reuters) - The Reserve Bank of India likely sold U.S. dollars on Monday to curb losses in the rupee, as the currency opened trading near its lifetime low, four traders told Reuters. The rupee Key Points
ThePrintThese Nifty Financial Services stocks can deliver more than 15% returns
After a long phase of three years of consolidation and relative underperformance, there were some initial signs of the private sector banks making a comeback attempt. However the RBI decision to curb unsecured lending, made the sentiment turn against them. But only sentiment, in reality will it make a difference for their long term perspective is a matter of debate with answer titling in favour of NO. After today’s monetary policy one more risk is off the table Key Points
Economic Times
India likely to restrict sugar exports after poor monsoon rains
According to ET Now sources, the export curb is due to poor seasonal monsoon rainfall which is vital for India's $3 trillion economy. It brings nearly 70 per cent of the rain the country needs to water crops and replenish reservoirs and aquifers, reported Reuters. Key Points
Economic TimesIndia may buy Russian crude past cap if OPEC+ cuts boost costs
The stance underscores the pressing need in the country of 1.4 billion people to curb inflation and spur growth amid a surprise output cut by OPEC+ and western sanctions to rein in Russias oil revenue following the invasion of Ukraine. India, along with China, has emerged as one of the key buyers of Russian crude. It is now Indias top supplier, above Iraq and Saudi Arabia. Key Points
Economic Times