India’s markets regulator is likely to stop using closing auctions to calculate derivatives settlement prices for at least a year, two sources with direct knowledge of the matter said, in a partial reversal of new mechanisms it has introduced for setting the closing prices of key stocks and derivative contracts. The Securities and Exchange Board … Read more
The Reserve Bank of India has approved Anup Bagchi’s appointment for a three-year term starting October 27, 2026, succeeding Sashidhar Jagdishan. Bagchi would be joining from ICICI Prudential Life Insurance where he has been serving as MD & CEO since June 2023. He is an ICICI veteran who had joined the group way back in 1992. … Read more
Tax authorities have taken a benign view on at least four gaming companies going by the first few final orders issued till now. No personal penalties were slapped on company directors and tax demands have been slashed following the Supreme Court (SC) verdict on a bitter feud waged by real money gaming (RMG) and casino … Read more
Sebi chairman Tuhin Kanta Pandey on Saturday said that the market regulator would soon move ahead with its proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper.The regulator had invited views on changes to the CAS, market timings and the settlement methodology for derivative contracts. … Read more
The number of rating upgrades has come down in the fi rst half of the fi nancial year as compared with the numbers in the year ago period as companies are facing multiple headwinds in the form of West Asia confl ict, rising crude oil prices, higher input cost and the evolution of US tariff … Read more
The Bank has received RBI approval for Anup Kumar Saha as the Bank’s Managing Director & Chief Executive Officer for a period of three years, effective January 1, 2027. He had joined Kotak Mahindra Bank in January 2026, and is currently working as an Executive Director of the bank. He is currently looking after the Retail Bank, … Read more
Delhi’s traffic signals could soon become more responsive to the traffic they are actually handling, rather than operating largely on fixed timings.The Centre has approved a Rs 1,789.52-crore Intelligent Traffic Management System (ITMS) for the capital, bringing signals, traffic enforcement, emergency vehicle movement and commuter information onto an integrated technology platform.Union minister Ashwini Vaishnaw said … Read more
Any change in the Tata Group’s structure that makes a clear controlling entity less obvious or weakens the holding company’s credit profile may impact the outlook of the group’s credit quality, and thereby, individual ratings, rating agency S&P said on Tuesday. The leadership transition or changes in the group structure or stakeholder priorities may raise … Read more
Venu Srinivasan, trustee of the Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust, and their joint nominee director on the Tata Sons board, has asked the Maharashtra Charity Commissioner for an immediate inquiry into the trust’s administration and governance. He alleged “serious governance lapses” and raised concerns over involvement of the charitable trust … Read more