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    REGULATORY SCRUTINY

    World MSME day: Retail investors need greater access to SME IPOs, regulatory process tightened

    MSME Day 2024: Regulatory overhaul to boost retail participation in SME IPOs needed, says Rahul Bhutoria, Director, and Founder, Valtrust.

    Big US banks expected to be cautious on shareholder payouts

    Big U.S. lenders brace for Fed stress tests evaluating capital resilience in economic hardships, impacting returns to investors amid challenges in regional lending and commercial real estate.

    Silver's the new gold as startups rejig CXO portfolio

    Many startups, particularly those gearing up for public listing, now consider youth and experience a winning combination. Having experienced leaders instills confidence in investors and markets, who view it as an indicator of stability and potential for success, said company founders and industry watchers.

    View: India's pharma giants set sights on superior quality standards

    India, known as the 'pharmacy of the world,' ranks third in global drug production and supplies vaccines to over 200 countries. With a target to reach $120-130 billion by 2030, maintaining high quality is crucial. Focus areas include robust investigations, skilled workforce development, and embedding quality in product development. India faces increased scrutiny from global regulators, necessitating adherence to stringent quality standards. Recent moves by CDSCO aim to streamline drug export licensing. Upholding quality is key for India's pharmaceutical industry to remain a reliable global supplier.

    Paytm Bank slows down in Fastag lane; q-comm in soup over food safety

    Happy Friday! Banks are gaining ground in the toll payments space as Paytm Payments Bank’s market share continues to plummet. This and more in today’s Morning Dispatch.

    India's EU-like antitrust law worrying technology firms

    India's proposed antitrust law, influenced by a panel report, targets tech giants with global turnovers exceeding $30 billion. The law aims to prevent market concentration, similar to the EU's Digital Markets Act.

    • US clears way for antitrust inquiries of Nvidia, Microsoft and OpenAI

      Federal regulators are proceeding with antitrust investigations into Microsoft, OpenAI, and Nvidia in the AI industry. The Justice Department and FTC are leading the investigations, signaling increased scrutiny into AI technology.

      Google's privacy chief to exit

      Google's chief privacy officer, Keith Enright, is leaving the company this fall after 13 years. The departure is part of a broader reorganization within the privacy teams amid heavy government scrutiny over privacy issues.

      Tesla shareholder sues Musk for alleged $7.5 billion insider trading

      A Tesla shareholder filed a lawsuit accusing CEO Elon Musk of insider trading by selling over $7.5 billion of Tesla shares before disappointing production numbers were public.

      Boeing CFO says second-quarter deliveries won't increase from the first quarter

      Boeing CFO Brian West mentioned that commercial jet deliveries will not increase in the second quarter due to production quality issues. He also discussed delays in jet deliveries to China related to a regulatory review of batteries for the cockpit voice recorder.

      HDFC Bank says 6-7 pc of overall annual expenses are on tech

      It can be noted that HDFC Bank was the first major lender to be slapped with business restrictions like a pause on issuing new credit cards and also launching new online products over two years ago.

      Fintech regulations to help those who follow rules: QED’s Nigel Morris

      Nigel Morris, cofounder and managing partner at QED Investors, spoke to ET about the recent clampdown by India's central bank across various segments of new-age financial services, the funding environment, valuation of fintechs and more in an exclusive chat.

      Shein steps up London IPO preparations amid US hurdles to listing

      Shein pivots to a London IPO from New York, facing U.S. regulatory challenges. The online retailer, valued at $66 billion, navigates hurdles with plans for a dual U.S. listing post-London float, monitoring the political climate.

      Before global scrutiny, Indian spice maker MDH faced many US rejections

      ​Hong Kong suspended sales last month of three spice blends made by MDH and one by another Indian company, Everest, for apparently containing high levels of a cancer-causing pesticide. Ethylene oxide is unfit for human consumption and a cancer risk with long exposure. India is the world's biggest spice producer and is also the largest consumer and exporter of spices.

      Bitcoin trades at $62,000 level amid regulatory scrutiny in the US

      Despite facing these hurdles, Bitcoin has shown remarkable resilience, boasting a staggering 127% increase in value over the past year. It has firmly held above the $60,000 threshold, with immediate support pegged at $61,300 and resistance at $64,500, currently trading at $63,000.

      Indian banks to step up IT spends as regulatory scrutiny rises

      Banks were earlier spending between 6%-8% of total operating expenditure on technology, sharply below the global average of 10%-12%.

      FMCG companies: Buyers aware, sellers beware

      FMCG companies face quality issues and regulatory actions, risking consumer trust. Nestle India, Patnajali, Bournvita controversy, and Hindustan Unilever rebrand amidst inflation challenges and omni-channel adoption. While stock meltdown and regulatory action are short-term risks, losing consumer trust is a long-term and bigger risk for an FMCG company.

      Kotak crackdown: The 'Regulatory Bank of India' is taking no chances

      Kotak Mahindra Bank: The Reserve Bank of India (RBI) is cracking down on regulatory compliance in the banking industry, issuing strict penalties for non-compliance. Recent actions, including barring Kotak Mahindra Bank from new customer sign-ups, highlight the RBI's serious approach to enforcing regulations. The central bank's tougher stance aims to improve governance and transparency in the financial sector, despite potential impacts on growth and capital costs. The RBI's increased vigilance follows high-profile banking collapses and aims to prevent systemic risks while promoting a more robust and transparent financial system.

      FirstCry set to withdraw $500 million IPO papers after regulatory scrutiny

      FirstCry, backed by SoftBank, TPG and India's Mahindra and Mahindra sells baby products, including clothes, diapers and toys, seeking to tap the market for new parents in the world's most populous country.

      Sugar & chemicals in food: FMCGs' biggest risk is not inflation but what they mix in what we eat

      Product safety concerns in India pose risks for the FMCG industry, impacting companies like Nestle India. Regulatory scrutiny challenges health claims, affecting consumer trust. Social media influencers influence companies' actions, while the spices category raises new risks for FMCG companies.

      Regulatory scrutiny may queer the pitch for insurtech; and other top startup & tech stories this week

      Multiple people in the know have told me that the insurance regulator is not comfortable with the typical corporate structures of startups, and may not be in favour of granting them an insurance manufacturing licence. The regulator wants these firms to get rid of any holding company structures, onboard investors directly into the applying entity, and have founders bring in sufficient amount of net worth before applying.

      Oppo, Realme and OnePlus to have separate sales operations

      China's BBK Group, the largest smartphone manufacturer, is breaking its sales structure for three brands, Oppo, Realme, and OnePlus, to de-risk the business under increased government scrutiny. The plan is to allow individual brands to have their own sales and marketing teams, ensuring they are not clubbed together in case of further government action.

      India's regulatory scrutiny may raise lenders' capital costs, slow loan growth, says S&P Global

      The Reserve Bank of India (RBI) is increasing regulatory scrutiny of lenders to improve governance and curb exuberant lending. The RBI has tightened its norms on unsecured loans and warned lenders against exuberance due to rising risks to the financial system. The increased focus on compliance and tight liquidity in the banking system may slow down credit growth to 14% in 2024-25 from 16% this financial year.

      P2P lenders to stop liquid funds; and other top tech, startup stories this week

      Peer-to-peer (P2P) lending platforms have decided to halt one of their most attractive products from March 31 following increased regulatory scrutiny by the Reserve Bank of India, we reported on March 22.

      How RBI is upping the scrutiny on credit cards

      The Reserve Bank of India is tightening its grip on cobranded credit cards, a recently booming sector. This stricter scrutiny aims to prevent unregulated entities from gaining backdoor access to the credit card industry.

      Paytm Payments Bank and Paytm to discontinue inter company agreements amid regulatory scrutiny

      Paytm Payments Bank has been instructed by the Reserve Bank of India to halt its basic banking services from March 16. Earlier this week, on Monday, Vijay Shekhar Sharma - the founder of Paytm - announced his resignation from the board of Payments Bank, which replaced its directors with new inductees, mostly from the banking and bureaucratic fraternity.

      Sebi wants heat shield for mutual fund investors

      The regulator has, in a communication sent to Association of Mutual Funds in India (AMFI) on Tuesday evening, asked fund houses to list the steps they are taking to protect investors in such schemes in next 21 days, said two people in the know.

      Why has Adobe and Figma called off $20 billion merger

      Adobe and Figma's $20 billion merger, aimed at reshaping creativity, crumbles under regulatory scrutiny. As Adobe's CEO cites shared vision but clashes with regulators, a $1 billion reverse termination fee marks the end, pushing both companies to chart independent paths.

      US crypto industry lobby spending on track for new record in 2023

      Crypto companies spent $18.96 million in the first three quarters of 2023 on lobbying, compared with $16.1 million during the same period in 2022.

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