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Markets

Saregama India shares surge 13 percent following strong September quarter financial results

Saregama India saw its shares climb 13.3 percent after reporting September-quarter results that surpassed market expectations. Net profit surged 46.4 percent year over year to reach ₹64.17 crore, bolstered by expansion in the Music and Live Events segments. During the period, the firm onboarded 54 artistes and launched over 650 tracks, despite a 16 percent drop in Video revenue.

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LiveMint Markets16m ago 1 min
Banking

French blood banks targeted in cyberattack involving temperature manipulation of storage refrigerators

French blood banks experienced cybersecurity incidents on Monday when malicious actors manipulated storage refrigerator temperatures. The cyberattack directly targeted facilities responsible for keeping blood supplies secure. Details regarding the exact extent of the damage or potential disruptions remain limited.

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CNBC Global17m ago 1 min
RBI/SEBI Govt Breaking

Markets regulator forms specialized working group to evaluate startup platform norms

The Securities and Exchange Board of India (Sebi) has established a dedicated working group to evaluate the existing regulatory framework governing the Innovators Growth Platform. The initiative aims to assess current rules affecting startup listings and market participation. Further specifics regarding the composition or timeline of the working group were not disclosed.

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The Economic Times22m ago 1 min
RBI/SEBI Govt Breaking

Sebi simplifies verification rules for nonresident investors and permits digital onboarding

The Securities and Exchange Board of India (Sebi) has relaxed Know Your Customer (KYC) regulations for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). The regulator has also permitted digital onboarding processes starting December 3. These adjustments are designed to streamline investment access for nonresident individuals.

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The Economic Times23m ago 1 min
CA Corner

Glenmark subsidiary to showcase clinical trial data for therapeutic candidate at medical meeting

Glenmark Pharmaceuticals Limited announced that its subsidiary, Ichnos Glenmark Innovation (IGI), will share updated clinical trial data regarding ISB 2001 (also referred to as ABBV-2001). The presentation is scheduled for the 68th American Society of Hematology Annual Meeting. The upcoming disclosure will highlight findings from ongoing evaluations of the therapeutic candidate.

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Taxguru23m ago 1 min
Income Tax

Income Tax tribunal establishes camp offices in Himachal Pradesh and Jammu and Kashmir to reduce backlog

The Income Tax tribunal has opened camp offices in Himachal Pradesh and Jammu and Kashmir to alleviate travel burdens for litigants. Meanwhile, total case pendency has dropped significantly from 3 lakh to 60,000 cases. These administrative steps aim to improve the delivery and accessibility of tax dispute resolution.

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The Tribune37m ago 1 min
Business

Indian capital markets authority examines framework governing startup public offerings

India's markets regulator has initiated a comprehensive review of the regulations governing startup listings on specialized platforms. The evaluation aims to assess the effectiveness of current frameworks designed for high-growth enterprises. Further details regarding specific amendments or proposed changes were not specified in the report.

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Reuters42m ago 1 min
Global Finance

Political action committee backed by Elon Musk contributes funding to Texas campaign

A political action committee supported by billionaire Elon Musk contributed $47 million, equivalent to £35 million, to the campaign of Ken Paxton. Despite the substantial financial backing, the efforts did not secure a Republican victory in Texas during the competitive midterm elections. The funding highlighted significant outside financial participation in the regional race.

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BBC Business49m ago 1 min
GST

Appellate Tribunal Rules Against Cancelling Goods and Services Tax Registration Using Unclear Notices

Tax authorities cannot cancel a Goods and Services Tax (GST) registration through a vague show cause notice that lacks specific allegations and supporting facts. The Goods and Services Tax Appellate Tribunal (GSTAT) emphasized that taxpayers must receive a proper chance to reply under standard legal rules.

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Taxscan52m ago 1 min
Business

Consumer Goods Major Unilever Plans Thirty Five Million Euro Research Outlay in India

Consumer goods major Unilever plans to pump thirty-five million euros into its research and development operations within India. The capital injection aims to boost innovation capabilities in the domestic market.

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Economic Times53m ago 1 min
Markets

Domestic Equity Benchmark Sensex Rises Three Hundred Eighty Four Points With Multiple Scrips Touching Peak Levels

The benchmark Sensex advanced by three hundred eighty-four points to settle at seventy-seven thousand three hundred one. Concurrently, fifteen shares within the BSE 500 index reached new twelve-month peak levels, delivering monthly gains of up to thirty percent.

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ET Markets55m ago 1 min
RBI/SEBI Govt Breaking

Market regulator simplifies digital onboarding rules for foreign and non-resident investors

Capital markets regulator introduces relaxed verification norms enabling non-residents and foreign nationals to complete digital onboarding from compliant jurisdictions without physical presence. The updated framework permits video verification methods where direct checks are impractical. These operational guidelines take effect on December 3 to streamline verification procedures.

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ET Markets56m ago 1 min

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