The Securities and Exchange Board of India (Sebi) board will meet on Monday to deliberate on a wide-ranging agenda that includes a proposal to ease fund settlement norms for foreign portfolio investors (FPIs) and changes to regulatory frameworks governing market intermediaries, people familiar with the matter told news agency PTI.A key proposal before the board…
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PM Modi chaired a high-level meeting on the petroleum, crude oil, natural gas, power, and fertiliser sectors to review energy preparedness amid Middle East tensions. Iran fired long-range ballistic missiles hitting southern Israeli cities and the US-UK base Diego Garcia, following which Israeli military flagged European capitals are within Iranian missile range, while the UK…
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As China and the U.S. compete for domination in artificial intelligence, compute power will be the key factor in determining the winner, Bernstein found. The firm also named a few stocks to play on the trend. “China will need to make huge investments in semis and power infrastructure to catch up with the U.S., creating…
The government has stepped up efforts to streamline gas distribution and ease supply pressures, directing faster processing of city gas projects while increasing allocations of commercial LPG to key sectors amid a challenging geopolitical environment.The Petroleum and Explosives Safety Organisation (PESO) has instructed its offices to dispose of City Gas Distribution (CGD) applications within 10…
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