Markets regulator Sebi has extended the timeline for implementing an additional incentive structure for mutual fund distributors to March 1, allowing more time for asset management companies to put systems in place, according to a circular issued on Wednesday.The revised framework, aimed at encouraging onboarding of new individual investors from B-30 cities and new women…
Mumbai: Amazon is betting big on its quick commerce business, with plans afoot to take the instant delivery service to 100 cities from three locations now as it plays catch-up with rivals Blinkit, Swiggy Instamart and Zepto, which together hold the bulk of the market share.The development comes a few days after the firm made…
NEW DELHI: The Supreme Court on Wednesday held that the Election Commission of India (ECI) “did not act outside its statutory powers” while conducting the Special Intensive Revision (SIR), ruling that the exercise could not be termed “ultra vires merely because it differs from the ordinary revision process”.“SIR fulfils proportionality and are not manifestely execessive….
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CHENNAI/NEW DELHI: Congress snapped on Wednesday its 11-year alliance with the DMK and threw its weight behind TVK, deepening fissures in INDIA bloc after DMK’s rout in Tamil Nadu. AICC in-charge Girish Chodankar met TVK chief C Joseph Vijay and pledged support of Congress’s five MLAs. “Congress-TVK alliance will continue for local body polls and…
NEW DELHI: The Centre has decided to end the subsidy for electric three-wheelers after it met the target of 2.9 vehicles under PM e-Drive on Friday. In the three-wheeler segment, EV penetration is estimated at around 32%, which is in line with the target the Centre had set for itself, and is now leaving it…
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India and Oman signed a trade deal, expanding the country’s strategic and economic relations in the Persian Gulf, and helping exporters at a time when they are facing headwinds in several parts of the world.The Comprehensive Economic Partnership Agreement (CEPA), the second in West Asia after the one with UAE a few years ago, will…
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