In a major regulatory move, the Securities and Exchange Board of India (SEBI) has introduced a one-time settlement scheme for stockbrokers who traded on the now-defunct National Spot Exchange Ltd (NSEL) platform. The scheme aims to expedite the resolution of enforcement actions pending since the infamous ₹5,600 crore NSEL payment crisis of 2013. 🧾 Who…
In a landmark regulatory shift, the Securities and Exchange Board of India (SEBI) has approved relaxed delisting norms for select Public Sector Undertakings (PSUs) where the Government of India and/or other PSUs hold 90% or more equity. The move, finalized during SEBI’s 210th board meeting, aims to simplify the voluntary delisting process for legacy PSUs…
In a landmark move for India’s aerospace sector, Anil Ambani-led Reliance Infrastructure and French aviation giant Dassault Aviation have announced a strategic partnership to manufacture Falcon 2000 business jets in India, with the first delivery slated for 2028. The announcement was made at the Paris Air Show, marking the first time Dassault will assemble Falcon…
As India accelerates its push into next-generation telecom technologies, GSMA Director General Vivek Badrinath has urged Indian telecom operators to focus on monetising 5G before shifting attention to 6G development, warning that the full potential of 5G remains largely untapped. 📶 5G Monetisation Still Elusive Despite two years since its commercial rollout, India’s 5G ecosystem…
A landmark wealth report has revealed that 2,013 Indian individuals now collectively hold assets worth a staggering ₹100 lakh crore, with Akash Ambani and Anant Ambani topping the list as the richest Indians, each boasting a net worth of ₹3.59 lakh crore. 📊 360 ONE Wealth Creators List: Key Highlights Compiled by 360 ONE Wealth…
In a concerning development for India’s strategic minerals sector, IREL (India) Ltd, the country’s premier rare-earths producer, has been functioning without a full-time Chairman and Managing Director (CMD) for over six months. The leadership vacuum comes at a time when global demand for rare earth elements is surging and India is striving to reduce its…
Mining conglomerate Vedanta Ltd is reportedly set to offload shares worth up to ₹7,500 crore in its subsidiary Hindustan Zinc Ltd (HZL) through block deals, according to sources cited by CNBC-TV18 and Moneycontrol. 📉 Shares to Be Offered at Discount Amid Market Dip The stake sale, expected to take place on June 18, will be…
In a significant leadership development, Sandeep Kataria, the first Indian to serve as Global CEO of Bata Corporation, has stepped down from his role after nearly five years at the helm of the Swiss footwear giant. The company is expected to make an official announcement later this week, with succession planning already underway. Kataria’s Legacy…
In a strategic leadership move, Meta Platforms has named Arun Srinivas as the new Managing Director and Head for India, effective July 1, 2025. This appointment follows the expanded role of Sandhya Devanathan, who now oversees Meta’s operations across both India and Southeast Asia. Arun Srinivas: A Proven Leader in Digital Innovation Srinivas, who joined…
India’s quick commerce sector is witnessing an unprecedented price war, with platforms like Blinkit, Zepto, Instamart, Flipkart Minutes, and Amazon Now offering record-high discounts to outpace rivals and capture consumer attention. Discounts Surge Amid Rising Competition New Entrants Fuel the Fire The entry of Amazon and Flipkart into the quick commerce space has intensified competition,…
