Share market and trading News

Nearly a third of positions at the National Company Law Tribunal remain unfilled, impacting the government's insolvency reform initiative. This shortage has led to operational inefficiencies, delaying insolvency resolutions significantly. The average resolution time has surged to 716 days, far exceeding the 270-day deadline, posing challenges for corporate insolvency processes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5Gk3AUI

High food inflation in India is driven by volatile tomato, onion, and potato prices due to short crop cycles, storage issues, and extreme weather. An RBI working paper suggests reforms like private mandis, re-launching futures trading, and expanding cold storage facilities to stabilize prices and support farmers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1p7x58h

Reliance Jio has urged telecom minister Jyotiraditya Scindia to have regulator Trai revise a consultation paper on spectrum allocation rules, emphasizing fair competition between terrestrial and satellite networks. Jio warns of potential legal battles if level-playing field considerations are not incorporated. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1yPmAk2

India's GJEPC has adopted new standards for defining a diamond, now requiring it to refer only to natural stones mined from the earth. This move aligns with the USA's FTC guidelines and aims to prevent lab-grown diamonds from being misrepresented. GJEPC is urging updates to the Consumer Protection Act to reflect this definition. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/a7hnZBx

Reliance Jio has requested Telecom Minister Jyotiraditya Scindia's help to revise TRAI's consultation paper on spectrum allocation to ensure fair competition between terrestrial and satellite communication providers. Jio emphasized the need for a fair and transparent auction system, arguing that the current consultation overlooks critical issues of market parity and legal implications. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mRIpuSL

State Bank of India (SBI) is set to enhance the instant loan scheme threshold for MSMEs beyond the current Rs 5 crore, streamlining the process with tech for quick approvals. Plans include network expansion with 600 new branches, aiming to include more MSMEs in formal credit systems. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jdQSyAY

Hyundai Motor India Ltd plans to export its upcoming electric vehicles to similar emerging markets, such as Africa and Latin America, aiming to strengthen its position as a production hub. The company also focuses on localizing production elements, including battery packs and drivetrain power electronics, to offer competitively priced EVs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LuhWTfa

India's industrial output experienced a contraction of 0.1% in August, marking the first decline in 22 months, predominantly due to a high base effect, reduced mining and electricity output, and a weakened manufacturing sector. Analysts attribute this to temporary factors including monsoon rains and expect no major alarm. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/426LS0b

India's foreign exchange reserves fell by $3.7 billion to $701.2 billion in the week ended Oct 4, marking the first decline in eight weeks. The drop includes a $3.5 billion decrease in foreign currency and a $40 million reduction in gold value. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bxtaI04

Retail investor participation in mutual funds via SIPs hit a record Rs 24,508 crore in Sept 2024, marking the 15th consecutive month of growth. However, equity mutual fund inflows fell 10% from Aug due to weakened interest in thematic and large-cap funds. The industry's assets under management increased to Rs 67 lakh crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UI3NpQc

TD Bank, the largest bank to date to admit to US Bank Secrecy Act violations, pleads guilty to money laundering-related charges and agrees to $3 billion in penalties. The Justice Department cites pervasive compliance failures over a decade. An asset cap limits TD's US operations, and CEO Bharat Masrani plans to retire, taking responsibility for the issues. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sTBM42v

Retail inflation in September is expected to rise due to a poor base effect and increasing food prices, especially onions, potatoes, and chana dal. RBI Governor Shaktikanta Das highlighted concerns from weather events, geopolitical conflicts, and volatile oil prices, cautioning careful monitoring to maintain control over inflation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cRBHF5T

In 1991, Ratan Tata took over as the chairman of the Tata Group from his uncle, JRD, who had been in charge for more than half a century. Ratan Naval Tata, a titan of industry, passed away at the age of 86. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2EvnVca

Finance Minister Nirmala Sitharaman stressed the importance of examining facts before criticizing Sebi chief Madhabi Puri Buch following allegations by Hindenburg Research. She emphasized the transparency brought by Indian regulators and called for a review of consumer and wholesale price indices, while warning against unsustainable freebie giveaways by state governments. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zSQJVdK

Hero Motors has retracted its IPO plan worth Rs 900 crore, as indicated in an update with Sebi. The proposed IPO included a fresh issue to raise Rs 500 crore and an OFS worth Rs 400 crore by promoters. Proceeds were intended for debt payment and facility expansion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/O5QnYom

Close to 50 companies, including major players like TCS, Tech Mahindra, and L&T, have offered over 13,000 internships through the PM Internship scheme portal. Around 200 companies have registered so far, aiming to bridge the skills gap by targeting over 1.2 lakh internships this financial year. Opportunities span various sectors, and internships are focused on unemployed youth aged 21-24. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vIEmuAJ

Indian farmers receive only about one-third of the final selling price of fruits and vegetables, with intermediaries taking the majority share, in contrast to sectors like dairy where farmers get 70%. Research by RBI suggests policymakers improve productivity, expand storage, and leverage digital platforms to stabilize prices and increase farmers' earnings. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CKayXZ6

The commerce department is planning a long-term solution for exporters' credit issues by considering a credit guarantee fund. This fund will help businesses access finance without needing collaterals. Exporters are currently struggling with declining export credit and high costs. Consulting firm EY is involved in assessing various options for improvement. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nXyLrjD

Amul has successfully launched its milk in the US and is set to enter the European market. India, now the largest milk producer, is poised to supply one-third of the world's milk. The cooperative model from India, exemplified by Dr. Verghese Kurien, is highlighted as a significant contribution. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pjDhCJd

Since early October, Indian stock markets have faced significant selling pressure as Foreign Portfolio Investors (FPIs) withdrew Rs 27,142 crore. The largest sell-off was on October 4, driven by FPIs reallocating funds to more favorable Asian markets like China and Hong Kong, impacting investor confidence. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PxMLWG8