Mumbai, Aug 12 (IANS) Markets regulator, the Securities and Exchange Board of India (SEBI), on Tuesday revealed that it conducted search and seizure operations involving 89 entities at 71 locations covering 18 cities across the country during 2024-25.The inspections were launched on 24 mutual funds and their Registrar and Transfer Agents (RTAs), plus 13 portfolio managers, according to the SEBI’s Annual Report.The off-site monitoring of all mutual funds was powered by algorithm-based alert sys…

New Delhi, Aug 12 (IANS) The National Securities Depository’s (NSDL) net profit for the first quarter of the current financial year (Q1 FY26) stood at Rs 89.63 crore, up 15 per cent year-on-year (YoY), according to an exchange filing on Tuesday. The newly listed stock depository firm had reported a consolidated net profit of Rs 77.82 crore in the same quarter last year (Q1 FY26).The NSDL posted a rise in its bottom line for the April–June quarter of FY26, even as revenue from operations declin…

New Delhi, Aug 12 (IANS) India’s turmeric exports have recorded an over 50.7 per cent jump to $341.54 million for the financial year 2024-25 compared with the corresponding figure of $226.58 million of the previous fiscal year, the Parliament was informed on Tuesday.In quantity terms, the exports of turmeric from India were over 1.76 lakh metric tonnes in 2024-25 compared with 1.62 lakh metric tonnes in 2023-24, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to…

New Delhi, Aug 12 (IANS) A total of 25 public-private partnership (PPP) projects worth Rs 13,355 crore have been awarded by major ports in the country in the last five years, the Parliament was informed on Tuesday.The government has identified private sector participation as a critical component in modernising and strengthening the major ports’ infrastructure.There are 12 major ports under the administrative control of the Central government. Non-major ports are controlled by state authorities, …

New Delhi, Aug 12 (IANS) The global shipment of smart glasses grew by 110 per cent YoY in H1 CY2025, a report said on Tuesday.This surge was driven by strong demand for Ray-Ban Meta smart glasses and new companies like Xiaomi and TCL-RayNeo, according to a report from Counterpoint Research.In the first half of 2025, Meta’s share of the worldwide smart glasses market rose to 73 per cent due to strong demand and expanded manufacturing capacity at Luxottica, its key production partner.AI smart glas…

New Delhi, Aug 12 (IANS) The Finance Ministry has issued a corrigendum to the Income Tax Bill, 2025, clarifying the interest applicable on short payment of advance tax. The amendment specifies a 3 per cent interest rate on such shortfalls, bringing the clause in line with provisions under the Income Tax Act, 1961.The amendment specifies a 3 per cent interest rate on such shortfalls, bringing the clause in line with provisions under the existing act.Under current rules, taxpayers with an annual t…

Amid ongoing economic uncertainty and volatile markets, gold continues to hold its place as a…

New Delhi, Aug 12 (IANS) The Reserve Bank of India has, from time to time, underscored the importance of clear and accessible communication between banks and their customers, stressing the need to use the customer’s preferred language, the Parliament was informed on Tuesday. “RBI’s Master Circular on Customer Service in Banks states, inter alia, that all customer-facing materials at the branches of Scheduled Commercial Banks must be made available in Hindi, English, and the concerned regiona…

New Delhi, Aug 12 (IANS) India’s dealmaking environment remained resilient amid global macroeconomic headwinds, as the total deal value rose 2 per cent in the first half this year, from H2 2024, to touch $50 billion, a report said on Tuesday.Investors preferred quality and scale, reducing deal volume 12 per cent to 1,285 transactions. Despite fewer transactions, the relative stability suggests a trend towards fewer, high-value strategic bets, the report from Ernst & Young (EY) said.In the …

New Delhi, Aug 12 (IANS) In a boost for the ‘Make in India’ initiative, global technology brand OnePlus on Tuesday announced a collaboration with domestic electronic firm Bhagwati Products Ltd (BPL) to manufacture premium tablets.This strategic partnership aligns with OnePlus’ long-term vision for India and its recent ‘Project Starlight’ initiative aimed at deepening local integration.“As part of these efforts, OnePlus is ramping up its local manufacturing operations. In addition to prod…