The Open Network for Digital Commerce (ONDC) is considering reviving its subsidy program with a proposed incentive pool of Rs 100–150 crore for food delivery partners operating on its platform. If implemented, the move would mark a significant policy reversal for the government-backed e-commerce platform, which had previously scaled back such incentives.The new subsidy plan,…
Meta Infotech made a strong debut on the BSE SME platform on Thursday, listing at Rs 225 per share, a sharp 39.75% increase from the initial IPO price of Rs 161.The company’s public offering of Rs 80.18 crore witnessed substantial oversubscription at 166.94 times, with high-net-worth individuals showing exceptional interest, oversubscribing their quota by 309…
The bank has been gathering client input regarding potential modifications to its GBI-EM Global Diversified index. (AI image) JPMorgan Chase & Co. is evaluating potential adjustments to its primary emerging-market index by reducing the allocation of major bond issuers, including China and India, aiming to encompass a wider spectrum of developing-nation debt.According to documents reviewed…
Multi asset allocation funds have outperformed the Sensex in the past five years. Want to earn decent returns at lower risk? Go for multi asset allocation funds that invest in a mix of equity, debt and commodities. These funds invest in at least three asset classes, with a minimum allocation of at least 10% to…
( Representative AI image) Asian markets were mixed on Friday as investors stayed cautious despite Wall Street hitting record highs.Chinese markets led regional gains, with the Hang Seng Index in Hong Kong surging 1.6% to 24,402.41 and the Shanghai Composite rising 1.1% to 3,546.50, supported by fresh signs of economic stimulus and buying in tech…
President Donald Trump has sharply expanded a barrage of tariffs since returning to office, aiming to overhaul global trade in favour of the United States. The sweeping measures, which target a broad range of foreign goods and industries, have triggered market fluctuations and strained ties with key American allies.Canada faces 35% tariffs; Brazil hit with…
ITR filing: For the financial year 2024-25 (Assessment Year 2025-26), taxpayers must file their returns by September 15, 2025. (AI image) ITR filing FY 2024-25: The Income Tax Department has now made available the excel utilities for ITR-2 and ITR-3 forms, enabling individuals with taxable capital gains, crypto income and other specified incomes to file…
MUMBAI: RBI will conduct a record Rs 2.5-lakh-crore variable rate reverse repo (VRRR) auction on Friday as it seeks to absorb a persistent glut of liquidity in the banking system. This move follows a series of recent VRRR operations that have drained Rs 3 lakh crore, yet the money market surplus remains above Rs 3…
SBI is preparing to sell as much as Rs 25,000 crore ($2.9 billion) of shares to institutional investors as soon as next week, according to people familiar with the matter, in what could be the nation’s biggest deal of its kind.If the qualified institutional placement is fully subscribed, it would mark the biggest QIP ever…
MUMBAI: Canara Bank on Thursday informed the Bombay HC that it has withdrawn an order that classified Anil Ambani‘s loan account connected to Reliance Communications, which is undergoing insolvency proceedings, as ‘fraudulent’. The HC bench then disposed of a petition filed by Ambani challenging the bank’s Nov 8 order. The bank had classified the loan…