Category: Finance
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Vijay Mallya Faces Three-Year Ban from Securities Market by SEBI
India’s markets regulator, Securities and Exchange Board of India (Sebi), has recently issued an order that prohibits fugitive businessman Vijay Mallya from participating in the securities market for a period of three years. This decision was made after discovering that Mallya had channeled funds into the Indian securities market using intricate transactions to conceal his…
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“SEBI Labels L&T AMC Exoneration ‘Erroneous,’ Slaps Rs 5 Lakh Fine on HSBC AMC”
Sebi has fined HSBC Asset Management (India) Rs 5 lakh after finding that a 2023 order which cleared the fund house during an investigation was incorrect. The penalty is related to activities by L&T AMC, which was purchased by HSBC Group in May 2023 and later merged with HSBC AMC in October 2023. Sebi was…
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Tata Motors Shares Zoom Past Rs 1,100 Level to Hit Fresh 52-Week High: Analyzing the Strength of This Upside !
Tata Motors shares extended their impressive rally for the third consecutive day during Friday’s trading session. The stock surged by 1.74 percent, reaching a one-year peak of Rs 1,110. It was last observed trading 1.23 percent higher at Rs 1,104.50. At this level, the scrip has accumulated a 39.72 percent gain on a year-to-date (YTD)…
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“Union Budget 2024: Top 5 Key Highlights for Salaried Employees and Job Seekers”
In the Monsoon Session of Parliament, Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024-25, marking her achievement as the first finance minister to deliver seven consecutive budget speeches. This milestone surpasses the record set by former Prime Minister Morarji Desai, who presented six consecutive budgets during his tenure as finance minister from 1959 to…
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Boosting MSME : New Credit Rating System and Increased Mudra Loan Limits Announced in Budget !
In the Budget 2024-25, Finance Minister Nirmala Sitharaman announced an increase in the Mudra loan limit from Rs 10 lakh to Rs 20 lakh. Additionally, a new assessment model for MSME credit was introduced. Sitharaman also mentioned the implementation of a credit guarantee scheme to facilitate term loans for MSMEs to purchase machinery and equipment…
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Andhra Expresses Gratitude: Chandrababu Naidu Thanks PM Modi for Amaravati and Polavaram Allocations in Budget 2024 !
Andhra Pradesh Chief Minister Chandrababu Naidu, who is also the Telugu Desam Party chief, expressed his gratitude to the Centre for acknowledging the requirements of the state and providing funds for various projects, such as the construction of the new capital, Amaravati. Finance Minister Nirmala Sitharaman unveiled a series of initiatives for the progress of…
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Mobile Phones and Gold to Cost Less – What’s Getting Cheaper and Pricier in Budget 2024!
Finance Minister Nirmala Sitharaman has unveiled her seventh Union Budget for the fiscal year 2024-2025 on Tuesday. Customs duties on cancer medicines and mobile phones will be significantly reduced, leading to lower retail prices for these items. Additionally, the cost of imported gold, silver, leather goods, and seafood is also expected to decrease. Finance Minister…
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“Budget 2024: Finance Minister Nirmala Sitharaman Unveils Special Schemes for Bihar”
On July 23, Union Finance Minister Nirmala Sitharaman revealed a number of initiatives for Bihar during her Budget 2024 address. These initiatives are part of a larger initiative called “Purvodaya”, which aims to promote the comprehensive development of eastern states such as Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh. The government will provide support…
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Budget 2024 LIVE: Nirmala Sitharaman Unveils Major Jobs and Tax Reforms !
In her seventh consecutive Union Budget, Finance Minister Nirmala Sitharaman unveiled significant employment initiatives. It is anticipated that she will also reveal a rise in the basic exemption thresholds for both the old and new tax systems, providing substantial relief for the middle class. Yesterday, Prime Minister Narendra Modi expressed confidence in the Finance Minister’s…
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“Paytm Faces ‘Very Serious’ Warning from SEBI, Shares Drop 2%”
One97 Communications Limited, the parent company of Paytm, experienced a decrease of almost 2% in its shares on Tuesday following a cautionary letter from the Securities and Exchange Board of India (Sebi) concerning related party transactions for the fiscal year 2022. During the initial trading session on the Bombay Stock Exchange (BSE), the stock dropped…