Prop traders made Rs 44,000cr in F&O, retail traders lost Rs 72,000cr in FY26, says Sebi MUMBAI: Large institutions and proprietary traders continued to make a killing in the derivatives segment of the market during FY26. At the same time, it was retail traders who lost heavily during the fiscal, a Sebi study of F&O…
HDFC Bank raises record $1.8 bn via dollar bond issue MUMBAI: HDFC Bank has raised $1.75 billion through a dual-tranche dollar bond issue from its GIFT City branch to fund overseas lending and general banking operations.The issue comprises $500 million of three-year notes at 5.15% and $1.25 billion of five-year notes at 5.4%, settling Aug…
Govt eases export rules to allow wider invoicing, payments in Indian rupees NEW DELHI: Govt on Thursday tweaked provisions of the Foreign Trade Policy to make it easier for exporters to invoice overseas transactions and receive payments in Indian rupees.“All export contracts and invoices, other than those involving member countries of the Asian Clearing Union…
Niva Bupa says no financial impact from Irdai action, vows steps to safeguard stakeholders MUMBAI: Niva Bupa Health Insurance has been barred from opening new places of business for six months after the insurance regulator found that the company had failed to comply with expense of management limits for 2024-25.Irdai in an order issued Aug…
Centre may cut local-remedy wait for foreign investors from 5 years to 1 NEW DELHI: Seeking to address a long-pending grouse of overseas investors, govt is all set to amend the model bilateral investment treaty (BIT) to allow for international arbitration one year after exhaustion of local remedies, instead of the current five-year clause that…
Noel Tata kicks off Tata Sons succession search MUMBAI: Tata Trusts chairman Noel Tata is understood to have informally kicked off the search process for Tata Sons’ eighth chairman, meeting former HDFC chairman Deepak Parekh at the Taj Wellington Mews Residences in Mumbai on Wednesday, according to people aware of the meeting.The meeting, which also…
VB G RAM G generates 11.4 crore person-days, women account for 61.5% NEW DELHI: Over 11.4 crore person-days have been generated since the rollout of Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission (Gramin) Act (VB G RAM G Act), which replaced MGNREGA, according to the govt portal on the new scheme. Women account for 61.5%…
US-Iran war hits Indian carriers harder as international passenger traffic falls 26% NEW DELHI: The US-Iran war’s impact on international air travel globally has, from an Indian perspective, hit homegrown carriers harder than foreign ones.While people flying in and out of India fell 10.5% to 1.7 crore during April-June, the traditional peak summer quarter, Indian…
Sugar imports open after decade as govt moves to check price surge NEW DELHI: Govt Thursday allowed the import of 10 lakh tonnes of raw sugar, the first such move in a decade, as it stared at a possible decline of at least 20% in the opening stock of the sweetener.The move came soon after…
Domestic solar cell supply shortage short term, market set to realign soon India’s shortage of domestically made solar cells is expected to ease as manufacturers increase production to meet local-content rules, industry players have said. At present, the country has around 32 GW of solar cell manufacturing capacity and is expected to rise to around…
