India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi: The Securities and Exchange Board of India (SEBI) on Tuesday once again extended the timeline for implementing its framework on "Safer participation of retail investors in algorithmic trading." The regulator said stock brokers will now get more time to comply with the new rules after many brokers and algo vendors requested additional time to make system-related changes. The framework, which was earlier supposed to come into effect from August 1, 2025, was first postponed to October 1, 2025. SEBI has now introduced a phased roadmap for implementation to ensure a smooth rollout. As per the new schedule, brokers must apply for registration of at least one retail algo strategy through an API by October 31. They will have to complete registration of retail algo products and some strategies by November 30 and participate in at least one full-fledged mock trading session by January 3, 2026. Brokers who fail to meet these milestones will not be allowed to onboard new retail clients for API-based algo trading from January 5, 2026. The entire framework, along with detailed operational standards, will become effective for all brokers from April 1, 2026. Brokers who are not ready to go live by October 1, will also have to submit information about their existing clients as of September 30, to the exchanges. SEBI said the guidelines aim to clearly define the rights and responsibilities of investors, brokers, algo providers, vendors, and market infrastructure institutions such as exchanges, depositories, and clearing corporations. Under the rules, all algorithmic trading strategies will need to be registered with stock exchanges and assigned a unique identification. This mechanism will help exchanges track algo orders placed through Direct APIs. Algo providers will also have to be empanelled with the exchange before registering their products, and the process will have to be done through a trading member before an algo ID is issued.
New Delhi: Mukesh Ambani's Reliance Industries is deliberating on closing a deal with the Russian oil giant PJSC Rosneft Oil Company, the talks for which are in an early stage. The talks are about sale of Rosneft's 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for the acquisition of Nayara. If it happens then it will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner. Since the discussions are in initial stage, there is no ...Read More >
MUMBAI (Reuters) -India has barred one of the world's largest quant trading firms, Jane Street, from accessing its securities market after an investigation found it made "unlawful gains", taking the most stringent action ever against a foreign trading firm. The markets regulator also impounded $567 million from U.S.-based Jane Street, which said it disputed the findings. Here are facts about Jane Street and its India presence: WHAT IS JANE STREET? Jane Street has more than 3,000 staff in five offices across the United States, Europe, and Asia. It trades in stocks of 45 countries and is also ...Read More >
Bengaluru : Muthoot FinCorp Limited ("MFL" or "Company"), the flagship company of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), has announced the launch of the secured and redeemable non-convertible debentures ("NCDs") with a face value of Rs.1,000 each, scheduled to open on Friday, July 04, 2025. The Tranche VI Issue has a base size of Rs.10,0 crore with green shoe option of Rs 190 crore , aggregating to Rs.290crore ("Tranche VI Issue"). The NCDs under the Tranche VI Issue are being offered with maturity/tenure options of 24, 36, 60 and 72 months, with monthly, annual and cumulati ...Read More >
New Delhi [India], July 16 (ANI): The Indian government expressed regret on Tuesday over the reported demolition of the ancestral property of celebrated filmmaker and writer Satyajit Ray in Mymensingh, Bangladesh and expressed its willingness to extend cooperation in its restoration. "We note with profound regret that the ancestral property of noted filmmaker and litterateur Satyajit Ray in Mymensingh, Bangladesh, belonging to his grandfather and eminent litterateur, Upendra Kishor Ray Chowdhury, is being demolished," the Ministry of External Affairs said. Also Read | India Urges Bangladesh ...Read More >
Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged '17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of '10,000 crore by Reliance Infrastructure to Reliance Group units through an undisclosed related party. The Directorate of Enforcement (ED) has summoned Anil Ambani, chairman and managing director of Reliance Group, for questioning i ...Read More >
Mumbai: The Securities and Exchange Board of India(Sebi) has proposed to include the definition of algorithm and proprietary trading in the stock brokers' regulations. The current rules do not have any definition for such trades done by brokers. Under the proposal, Sebi said algorithmic trading would mean any order generated or placed using automated execution logic. The regulator said it was revamping the stock brokers' regulations to incorporate new requirements that have arisen due to changes in market practices and the regulatory environment. Last month, Sebi had temporarily barred US-b ...Read More >
PATNA: Congress leader Rahul Gandhi is all set to embark on 'Vote Adhikar Yatra' from Bihar's Rohtas district on August 17 to register a protest against how the ongoing special intensive revision (SIR) of the electoral rolls was being conducted in the state. This comes at a time when the Opposition is ratcheting up its protest against the SIR and casting aspersions on the integrity of elections. AICC general secretary (organisation) and MP KC Venugopal held a meeting with the INDIA bloc leaders at Sasaram in Rohtas district on Wednesday and reviewed preparations for Rahul Gandhi's visit to Bi ...Read More >
New Delhi, Dec 4 (PTI) Axis Securities on Wednesday settled a case involving front-running trades by Vikrant Bhimrao Kadam, who worked as its dealer, and his friend, after paying Rs 14.62 lakh towards settlement amount to Sebi. It was alleged that as a stock broker, Axis Securities failed to exercise appropriate due diligence in the matter in its dealer and branch manager compliance policy. Also Read | Latest Government Jobs Notifications: Apply for 98 Court Officer, Assistant and Other Posts of NCLT Recruitment 2024; Know Salary and Other Details Here. The order came after Axis Securities ...Read More >
Brookfield India Real Estate Trust's Rs 2,800- crore QIP has drawn interest from institutional investors such as India's biggest insurer Life Insurance Corporation of India (LIC), World Bank arm IFC and mutual funds such as ICICI Prudential MF and SBI MF, sources told Moneycontrol. The Canadian investment firm Brookfield-backed firm's QIP, with a base issue size of Rs 2,800 crore, saw a 2x demand from investors, the sources said. "This is the first time LIC and IFC have invested in a REIT in In ...Read More >
New Delhi, Jun 27 (PTI) Jio BlackRock Broking Pvt Ltd, a wholly owned subsidiary of Jio BlackRock Investment Advisers Pvt Ltd, has received regulatory approval from the Securities and Exchange Board of India (Sebi) to commence operations as a brokerage firm. JioBlackRock Broking aims to bring affordable, transparent, and technology-driven execution capabilities for investors, the company said in a statement. The broking entity's parent company, JioBlackRock Investment Advisers, is a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and BlackRock Inc of the US. Along with the rec ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connections, targeting 10,000 in each Assembly segment. He reaffirmed nine-hour uninterrupted power for agri ...Read More >
New Delhi: The Aircraft Accident Investigation Bureau (AAIB) is probing from all angles, including sabotage, in the Air India plane crash in Ahmedabad that killed 274 people on board and on the ground last month, Minister of State (MoS) For Civil Aviation Murlidhar Mohol said. Mohol said the black box of the Air India flight AI 171 that has been recovered is in AAIB's custody and will not be outside the country for a thorough assessment. The MoS was speaking at the Pune chapter of the Emerging Business Conclave. "It (plane crash) was an unfortunate incident. The AAIB has begun a full investig ...Read More >
MUMBAI: The capital markets watchdog Securities Exchange Board (Sebi) has debarred the US proprietary trading firm Jane Street Capital from accessing the securities markets, and has impounded as much as $566 million for its illegal gain from manipulating the Nifty index. According to Sebi calculation, the company and its associated entities made a whopping Rs 36,671 crore in profits between January 2023 and May 2025, Sebi said in the 105-page interim order passed by the whole-time member Anantha Narayna G late last night. Of the total gain, Sebi considers as much as $566.3 million are illegal ...Read More >
Mumbai (Maharashtra) [India], July 4 (ANI): The interim order against the index manipulation matter concerning Jane Street Group, on which the markets regulator passed an order to recover ₹4,843.57 crore, should not be considered a show cause notice, SEBI sources said, adding that the investigations into the US-based investment firm will continue. "This interim order is not a Show Cause Notice, and it clearly indicates that investigations into Jane Street will continue. This interim order has only looked at the 18 major days of prima facie BANKNIFTY index manipulation on expiry day during the ...Read More >
Stocktwits - Wealth services and brokerage firm Anand Rathi Wealth (BO:ANAA) kicked off fiscal 26 with solid first-quarter earnings. After market hours on Thursday, the company reported a 27.4% increase in consolidated net profit to ₹93.91 crore, while revenue from operations surged 23.4% to ₹274 crore. The stock surged over 5% at open on Friday. It is among the top 5 most trending stocks on Stocktwits. From a technical perspective, Anand Rathi is showing strong bullish undertones on the charts, noted SEBI-registered analyst Rajneesh Sharma. Anand Rathi stock closed at ₹2,119.80 on Thursday ...Read More >
Mumbai (Maharashtra) [India], May 27 (ANI): Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, has received regulatory approval from the financial markets regulator SEBI to commence operations as an investment manager for their mutual fund business in India, a statement said Tuesday. JioBlackRock Asset Management will bring an innovative investment proposition to the growing number of Indian retail mutual fund investors, as well as to institutional investors in India, the joint statement said. Also Read | Suman Devi Thoudam Vows To Make Most o ...Read More >
New Delhi, Jul 4 (PTI) Shares of stockbroking firms such as Nuvama Wealth, Angel One, leading stock exchange BSE, and depository CDSL saw sharp declines on Friday amid concerns of potential business impact following a regulatory crackdown. Markets regulator Sebi has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of ₹4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. This could be the highest disgorgement amount ever directed by the Securities and Exchange Board of India (Sebi). ...Read More >
New Delhi [India], July 7(ANI): The Directorate of Enforcement (ED), Jaipur Zonal Office, conducted search operations on Friday at several locations in Jaipur and Kota districts of Rajasthan under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in the case of the Debock Industries Ltd (DIL) Scam, said the release. https://x.com/dir_ed/status/1942196032122826765 The searches have been conducted at the residence and office of the Chairman, i.e. Mukesh Mahavar alias Mukesh Manveer Singh of Debock Industries Limited (a NSE-listed company), and his associates. ED initiated ...Read More >
Mumbai, July 9 (SocialNews.XYZ) Asian Paints Limited on Wednesday said that it has sold its entire 4.42 per cent paid-up share capital, representing 20,10,626 equity shares, in Akzo Nobel India Limited. In a stock exchange filing, it said "The Company has, today, sold its entire holding of 20,10,626 equity shares in Akzo Nobel India Limited, representing 4.42 per cent of its paid-up share capital". For Rs 3,651 per share, the transaction was carried out in bulk, with a total deal value of roughly Rs 734 crore. "The sale was executed for Rs. 3,651 per share through the bulk deal mechanism," ...Read More >
The shares of Coffee Day Enterprises sharply surged 10 percent to hit the upper circuit on July 15 after data on the latest shareholding pattern showed that veteran investor Dolly Khanna has bought some stake in the firm. Khanna held 32.78 lakh shares, representing 1.55 percent stake in the parent company of popular chain Café Coffee Day, according to BSE data showing the firm's shareholding pattern as at the end of the April-June quarter. Coffee Day Enterprises shares remained locked in the u ...Read More >
New Delhi, Aug 26 (PTI) India's Real Estate Investment Trust (REIT) market is gaining momentum with nearly 140 million sq ft of office and retail real estate already in the portfolio of five trusts listed on stock exchanges, according to Colliers India. Real estate consultant Colliers India noted that the REIT market in India is "steadily progressing from a 'nascent' to 'early growth' stage. Stating that around 500 million sq ft of office assets are REIT-worthy, the consultant said the four listed office REITs currently encompass close to 133 million sq ft of Grade A office space. "Addition ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): NSE Sustainability Ratings and Analytics, a defunct subsidiary of the stock exchange NSE, has launched ESG ratings services for listed companies. It marks a significant milestone in advancing sustainable business practices in India. Also Read | Startup Growth in India: Country Now Has 1.76 Lakh Registered Startups and 118 Unicorns, Says FM Nirmala Sitharaman. NSE Sustainability focuses on assessing Environmental, Social, and Governance (ESG) performance, providing stakeholders with vital information to make informed decisions. The company NSE Sus ...Read More >
BENGALURU: Jane Street has told staff it will contest a ban by India's financial regulator which has accused the U.S. high-frequency trading giant of market manipulation, adding that its practices in question were "basic index arbitrage trading". Jane Street said it was "beyond disappointed" by what it called "extremely inflammatory" accusations from the Securities and Exchange Board of India (SEBI) and is working on a formal response, according to an internal email sent to employees over the weekend that was seen by Reuters. The email did not elaborate on the potential action that Jane Stre ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): JioBlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm in India, a company statement said Friday. JioBlackRock Broking aims to bring affordable, transparent, and technology-driven execution capabilities for Indian investors. Also Read | Did 21-Year-Old Muslim Man Marry His 65-Year-Old Grandmother After Grandfather's Death in Haryana? Fake News Along With Image From Old Scripted Video Goes ...Read More >
New Delhi: Ace investor and founder of retail giant DMart, Radhakishan Damani stands to benefit greatly from his calculated investment in the National Stock Exchange (NSE), which is getting closer to its much anticipated IPO. According to the latest shareholding disclosures, Damani holds a 1.58% stake in NSE, owning 3.91 crore shares. His shareholding is worth an astounding Rs 9,300 crore at the current unlisted market price of Rs 2,389 per share. The NSE holding is currently Damani's second-largest investment by value and is only behind Avenue Supermarts (DMart) he established. In recent yea ...Read More >
Mumbai: The chairperson of the Securities and Exchange Board of India (SEBI), Tuhin Kanta Pandey, has said that any form of market manipulation will not be allowed. He was speaking in Mumbai on Saturday, a day after SEBI took strict action against US-based trading firm Jane Street and three of its related companies. Stronger Watch on Illegal Trading Pandey said SEBI has increased its market surveillance to catch and stop illegal trading activities. "Market manipulation is not going to be tolerated," he told reporters. He added that SEBI will continue to take tough steps against unfair practi ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Bahraich, June 28: Two minors allegedly killed a man by slitting his throat and then crushed his head with a stone to steal his iPhone to create "high-quality reels" for more likes, police said on Saturday. Police have held both the accused and initiated investigations. The victim, Shadab (19), who lived in Bengaluru, was visiting his ancestral village of Nagaur in Bahraich for his maternal uncle's wedding. Additional Superintendent of Police, Ramanand Prasad Kushwaha, said that the incident occurred on the night of June 20. "Shadab was reported missing on June 21, and his body was discovered ...Read More >
New Delhi, Jun 30 (PTI) Torrent Pharmaceuticals expects the Rs 19,500-crore deal to acquire majority stake in Mumbai-based J B Chemicals and Pharmaceuticals to complete over the next 15-18 months. As per the deal, which is the second largest in the domestic pharmaceutical space behind Sun Pharma's 2015 acquisition of Ranbaxy, Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of ...Read More >