Markets regulator Sebi on Thursday rolled out a revised incentive framework for mutual fund distributors, offering additional payouts for bringing in first-time individual investors from B-30 cities and new women investors from any location.Designed to widen outreach and improve awareness, the new structure will take effect from February 1, 2026, Sebi said in a circular,…
India’s textiles sector is set for a research and innovation lift with the government approving the Rs 305 crore Tex-RAMPS scheme, the textiles ministry said on Thursday, as reported by PTI. The initiative will run from 2025 to 2031 as a fully funded Central Sector Scheme.According to the ministry, the Textiles Focused Research, Assessment, Monitoring,…
The European Central Bank (ECB) sees interest rates as appropriately placed for now but has left room for potential cuts in 2026, according to minutes of its October meeting released on Thursday, AFP reported.The minutes showed that October’s unanimous decision to hold the key deposit rate at 2 per cent reflected broad agreement with Chief…
SoftBank-backed e-commerce firm Meesho will open its initial public offering on December 3, featuring a Rs 4,250-crore fresh issue of shares, according to the red herring prospectus filed on Thursday. The issue will close on December 5, while anchor investors will be allotted shares on December 2, PTI reported.Alongside the fresh issue, the IPO will…
The finance ministry is working with the Reserve Bank of India to develop a unified portal that will allow citizens to search and claim unclaimed assets across bank deposits, pension funds, shares, dividends and other financial instruments, Department of Financial Services (DFS) Secretary M Nagaraju said on Thursday.Speaking at a Punjab National Bank mega camp…
India’s housing prices grew at a slower pace in the second quarter of the fiscal, with the All-India House Price Index (HPI) rising 2.2% year-on-year, sharply lower than the 7% recorded a year ago, according to Reserve Bank of India data released on Thursday.The index, compiled quarterly from transaction-level data provided by registration authorities, has…
The Department of Telecommunications (DoT) on Thursday withdrew a duplicate Gazette notification issued last month, clarifying that the amended Telecommunication Cyber Security (TCS) Rules, 2025 – notified on October 22 – remain fully in force.The clarification came after the same TCS amendment notification was inadvertently republished on October 29 in place of a different rule…
Deendayal Port Authority (DPA), Kandla has become the fastest major port in India to cross 100 million tonnes (MMT) of cargo in the ongoing financial year 2025–26, achieving the milestone significantly earlier than in previous years.The port recorded 6.78% year-on-year growth, underscoring sustained momentum in cargo movement, the Kandla Port Authority said.According to DPA Chairman…
The Income Tax department will begin sending SMS and email alerts from November 28 to about 25,000 individuals flagged as “high-risk” for not disclosing foreign assets in their income tax returns (ITRs) for Assessment Year 2025–26, PTI reported citing sources. The cases were shortlisted on the basis of data received from foreign jurisdictions under the…
Global investment banking giant JP Morgan has sharply raised its base-case Nifty50 target to 30,000 by end-2026, signalling a firm bullish stance on Indian equities.In its latest India Equity Strategy note, the firm said that India’s macroeconomic backdrop remains supportive, with fiscal and monetary policies “aligned to drive growth, sentiment, and earnings.” The report adds…
