Sebi board approves changes to mutual fund expense allowance, stockbroker rules and simplified IPO documents

India’s market regulator Sebi on Wednesday approved a wide range of reforms for both mutual funds and stock brokers, aimed at simplifying rules, cutting costs for investors and easing compliance by market intermediaries. This marks one of the most comprehensive regulatory reviews in recent years.Sebi approved the replacement of the thirty-year-old regulations for stockbrokers with […]

Consumer businesses are holding back on price increases due to cost pressures and post-GST scrutiny

Consumer goods makers are holding back on routine price hikes despite a rise in raw material costs across categories, fearing any hikes could trigger government investigations into possible profiteering following the recent VAT cuts.Senior executives at some of the largest companies in sectors such as soaps, biscuits, detergents, automobiles and consumer electronics said they plan […]

The deterioration in asset quality is seasonal and linked to the strategic wind-down of consumer lending, says CIFCL

D Arul Selvan, President and Chief Financial Officer, CIFCL Prolonged monsoons and a clean-up of the consumer lending segment led to Cholamandalam Investment and Finance Company Limited (CIFCL) seeing a decline in asset quality in the quarter ended September, said Arul Selvan, President & CFO of CIFCL. Even as CIFCL reported 20 percent revenue and […]

Navratri Drives Register automatic sales as a GST reduction, festive offers fuel demand

New Delhi: Consumers hurried to the showrooms to choose their most read cars and motorcycles after unprecedented tax reductions and festive offers, whereby the sale of cars to a record of this Navratri is stimulated. The retail trade, counted as vehicle registrations, climbed 34% to 1.16 million vehicles during the Navratri festival season from September […]

The car industry sees a growth of a record of the festive season at 34 percent, even if the sale of September rises marginal: fada

The car industry saw record sales growth during the Navaratri period from September 22 to September 30, data from Federation or Automobile Dealers Association did not reveal Tuesday. According to the data, the festive sale grew 34 percent on an annual basis. The sale of passenger vehicles grew by 34.8 percent, while the sale of […]