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I-T dept, ED, CBI probing irregularities in NSE co-location case: Govt

New Delhi, Apr 5 (PTI) The income tax department, ED and CBI are investigating the case related to irregularities in co-location facility provided by NSE, Minister of State for Finance Pankaj Chaudhary said on Tuesday. In a written reply in the Rajya Sabha, the minister said market regulator Sebi, after investigation into the matter involving [...]

Markets snap two-session rally; HFDC twins slip on profit-booking

Mumbai, Apr 5 (PTI) Equity benchmarks took a knock on Tuesday after two days of sharp upmoves as investors pocketed gains in banking and financial stocks after their recent rally. HDFC twins, which topped the gainers' chart in the previous session after announcing their mega merger, were the biggest drags on Tuesday. Investor focus also [...]

Parliament approves accountancy bill

New Delhi, Apr 5 (PTI) Parliament on Tuesday approved a bill to revamp the functioning of the institutes of chartered accountants, cost accountants and company secretaries, with Finance Minister Nirmala Sitharaman asserting that the changes will not impact the autonomy of these bodies. Rajya Sabha passed the Chartered Accountants, the Cost and Works Accountants and [...]

Auto industry to reach pre-pandemic highs by FY2024: FADA

New Delhi, Apr 5 (PTI) Supply chain disruptions and low demand across segments, especially two-wheelers, are expected to impact automobile retail sales in the current fiscal with the turnaround anticipated only in the next financial year, automobile dealers' body FADA said on Tuesday. According to the Federation of Automobile Dealers Associations (FADA), the on-going Russia-Ukraine war and [...]
CCI penalises 24 entities, individuals for bid rigging in Indian Railways tenders

CCI penalises 24 entities, individuals for bid rigging in Indian Railways tenders

The Competition Commission has slapped penalties totalling around Rs 1.16 crore on 24 entities, including individuals, for indulging in bid rigging and cartelisation in tenders floated by the Indian Railways. As many as 11 entities and 14 individuals of these entities were found to have violated competition norms. Out of these 25, the regulator did [...]

US lawmakers want India to restrict sale of Russian-origin diamonds

Washington, Apr 5 (PTI) A bipartisan group of American lawmakers has sought the help of the Biden administration in restricting the international trade and sale of Russian-origin diamonds, in view of the massive sanctions that the US and its European allies have imposed on Moscow. In a letter to Secretary of State Tony Blinken and [...]