REGULATORY REASSESSMENT
Union Budget 2024 measures can upgrade India's supply chain in its bid to match up with China
BUDGET EXPECTATION: Finance Minister Nirmala Sitharaman, through Budget 2024, may introduce measures to strengthen India’s supply chain and manufacturing sector. This aligns with India’s strategic pivot to become a global manufacturing alternative to China. Under Prime Minister Modi's leadership, India has gained traction with infrastructure and logistics improvements, drawing multinational interest.
Quant Mutual Fund probe: Should you stay invested or exit your investment?
All things considered, and drawing parallels with the past cases, there is little logic in investors rushing to exit Quant funds based on what we know so far. While it’s possible that the circumstances may be worse than they currently appear to be, a wait and watch approach might be the most prudent policy at this stage.
ETMarkets Smart Talk: Housing, building material & related sector might be a dark horse in Modi 3.0
Whether the thrust on railway, defence & environment for capex would pan is not clear at this point, and markets hate uncertainty & de-rating happens when growth is not certain
IAMAI view on draft Digital Law not shared by all constituents: four members tell MCA
Four members of IAMAI, including Bharat Matrimony, Match Group, Hoichoi, and ShareChat, express divergent views on ex-ante regulation in the draft DCB to the Ministry of Corporate Affairs.
The next UK Prime Minister faces a long wish list from CEOs
As the UK gears up for a crucial general election on July 4, Conservative PM Rishi Sunak and Labour leader Starmer vie for business support. Executives from various sectors weigh in on key issues, such as London's equity market reforms, workers' rights, apprenticeships, tax equality, housing shortages, fintech regulation, and retail property taxes, shaping the debate.
Navigating market volatility during elections: Insights & strategies for investors
Elections bring uncertainty with potential policy shifts like tax reforms, subsidies policies, and changes to capital gains tax. Market volatility can unsettle investors as they reevaluate positions based on political rhetoric and campaign promises.
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How the entry or exit from Nifty impacted individual stocks
Inclusion of a stock in a diversified market benchmark like Nifty 50 is often considered to be a positive. Similarly, exclusion from the index is often interpreted as a signal to get out as returns are perceived to be sub-optimal. But, does this theory play out in the real world?
FM Nirmala Sitharaman tells regulators to meet fintechs, startups every month
Finance Minister Nirmala Sitharaman met representatives from the fintech industry on Monday to hear their concerns in the wake of the central bank's order to Paytm Payments Bank to stop accepting fresh deposits in its account or popular wallets from March.
Experts suggest regulatory reassessment to boost fintech sector and ease compliance burden
As the fintech sector gains size and scale, experts suggest the need to reevaluate regulatory policies to boost financial inclusion. The recent Reserve Bank of India's action on Paytm Payments Bank has left some in the industry perplexed, with concerns that the regulatory environment may impede fintech progress. Experts stress the importance of a balanced approach, fostering innovation while ensuring compliance with necessary regulations.
Paytm crisis: Startup founders write to FM, RBI Guv seeking review of central bank action
The note, signed by startup founders including Policybazaar's Yashish Dahiya, Bharat Matrimony’s Murugavel Janakiraman, Makemytrip’s Rajesh Magow and Ritesh Malik of Innov 8 said the RBI order would have a far-reaching impact on the ecosystem than just on Paytm as a company. The founders requested the regulator to reassess "the proportionality of restrictions".
Bajaj Electricals Q3 Results: Net profit declines 39% to Rs 37 crore
Bajaj Electricals Ltd on Monday reported a 38.87 per cent decline in consolidated net profit to Rs 37.36 crore for the December quarter. The company had posted a net profit of Rs 61.12 crore in the year-ago period, Bajaj Electricals said in a regulatory filing.
Beyond 3:30 pm! Why extending stock market timings should be explored
The journey to our current trading hours began with the advent of electronic trading. In 1995, the introduction of the BSE Online Trading (BOLT) system marked a new era, transitioning India's markets from traditional outcry to digital trading.
Udaan’s valuation plummets; draft rules for fintech self-regulatory bodies
Business-to-business (B2B) ecommerce platform Udaan has taken a major hit with its valuation being chopped by nearly half to $1.8 billion in a down round. This and more in today’s ETtech Morning Dispatch.
Telcos push for D2M policy relook to ensure level-playing field
Telecom operators have raised concerns over the government's draft policy on direct-to-mobile (D2M) networks, urging a reevaluation to ensure a fair playing field. They have warned of potential regulatory arbitrage if the policy is implemented hastily. The government is currently considering a proposal for D2M networks that would allow TV channels to be streamed on mobile devices without using cellular data.
To the moon? Bitcoin ETFs lift off
After the fake post comes the real thing. The long-mooted and eagerly anticipated exchange traded funds (ETFs) to track bitcoin got the official go-ahead at last, sending the crypto world into a celebratory mood at what it sees as a game-changer.
California minimum wage spike initiates Pizza Hut franchise workforce cuts and delivery alterations
Pizza Hut franchises in various California counties anticipate a $20 hourly minimum wage hike by 2024, foreseeing substantial job cuts, affecting around 2,000 workers across regions. This shift also marks the end of in-house delivery, redirecting services to Uber Eats or DoorDash. Franchise autonomy is stressed, promising continued service quality via Pizza Hut's app and website. Yum! Brands, Pizza Hut's owner, supports accessible delivery. The pending wage law change prompts concerns among fast-food giants like McDonald's and Chipotle.
Ministers group likely to discuss e-gaming on December 15
While the GoM has conducted “a couple of informal meetings” so far, the first official meeting is likely to set the tone for the process of regulating online gaming, with a specific focus on how to effectively tax the sector and avoid “any illegal gambling or betting, especially from off-shore players”.
MNCs rush to tax experts as SC backs I-T dept on reassessment notices
The apex court on May 4 ruled that thousands of show-cause notices issued by the income-tax department under an old provision (Section 148) should be treated as the ones issued under the new amendment (Section 148 A).
Industry’s demand for 90% spectrum price cut irrational: Trai’s Raghunandan
"There is no possibility of any price revision," the official said, adding that the current norms as per the Trai Act does not permit any price re-look. "We have submitted our views. It is for the telecom department (DoT) to look into the matter including pricing and take a decision accordingly," he said.
Still strong bias for cash payment; need to reassess PSS Act: Report
Due to the emergence of disruptive technologies leading to technology led payment solutions, there is a need to reassess the Payment and Settlement Systems Act, 2007 (PSS), a key enabler for promoting digital transactions, the report by Vidhi Centre for Legal Policy said.
We will do whatever it takes to keep the telecom sector healthy, says Minister Ashwini Vaishnaw
Vaishnaw, who is also the minister for railways and electronics & IT, said the recently announced relief package for the telecom sector does not need any legislation to back it up since it conforms with the Supreme Court's orders in the adjusted gross revenue (AGR) case.
Even after $1.5 trillion rout, China tech traders see more pain
A stock rout triggered by Beijing’s widening clampdown has left Tencent Holdings Ltd. trading at a price-to-book ratio lower than during the 2008 financial crisis. Alibaba Group Holding Ltd. has slumped to record low in Hong Kong, where the benchmark stock index fell into a bear market this week.
Businesses may have to reassess tax liability, ongoing M&As after slump sale rule change
The slump sale amendment rules notified on Monday by the Central Board of Direct Taxes provide for taking the higher of the fair value of the business transferred or the fair value of the consideration received as the deemed consideration for computing capital gains on slump sale or exchange, even if the actual consideration received is lower.
Centre considers cutting 5G prices to offer telcos relief from increased costs of China ban
Private telcos Bharti Airtel, Vodafone Idea and Reliance Jio have termed the Telecom Regulatory Authority of India’s suggested base price of Rs 492 crore per MHz for 5G spectrum too high. CLSA said in a report that the suggested price was the most exorbitant in the world, with rates in Italy, the US, South Korea and the UK being much lower.
DoT to do reassessment based on AGR docs given by telcos; issue revised demand notices
The telecom department will carry out reassessments on the basis of documents submitted by telcos on self-assessment of AGR dues as per licence agreement, and issue revised demand notices, Parliament was informed on Thursday.
Now, Jio user will have to pay 6 paisa/min for calling other operators customers
For all the outgoing calls to other mobile operators, Jio users will have to pay an additional charge.
Adani Power Quarter 4 net profit at Rs 2,529 crore
Adani Power, the country's largest private power producer, today reported a net profit of Rs 2,529 crore for the fourth quarter ended March 31, 2014.
International airlines oppose moves to hike Chennai airport charges
International carriers today protested a proposal to increase airport charges at the newly -developed Chennai International Airport.
Is auction the only way to allocate spectrum?
The process of spectrum allocation should be handled carefully as it will have a bearing on the new spectrum to be allocated.
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