Monday, September 21
The Union Health Ministry on Tuesday dismissed media reports suggesting that it has directed the issuance of warning labels on popular Indian snacks such as samosa, jalebi, and laddoo, calling the reports misleading, incorrect, and baseless."There have been some media reports claiming that the Union Health Ministry has directed to issue Warning Labels on food products such as samosa, jalebi and laddoo. These media reports are misleading, incorrect, and baseless," the Ministry said in a press release titled ‘Advisory issued to display Oil and Sugar Boards in workplaces is an initiative to promote healthier dietary habits’.Clarifying its position, the Ministry said no directive has been issued regarding warning labels on food items sold by vendors, and the advisory does not target Indian
Mumbai: Jane Street has complied with an interim regulatory order and deposited ₹4,844 crore in an escrow account, after the Securities and Exchange Board of India (Sebi) probe into the New York trading firm revealed alleged instances of manipulation in the local derivatives market. The decision came as a surprise to market participants, as it is rare for firms accused of violations to deposit such a large sum to comply with an ex-parte, interim order. "Jane Street's action in depositing this amount could be with the intention to establish its bona fides," said a senior Supreme Court lawyer, who declined to be named.Sebi is examining the firm's request to lift the trading ban on it. The regulator will issue directions to intermediaries, including stock exchanges and depositories, to lift
Mumbai: Investors often obsess over capturing the month's lows when doing systematic investment plans (SIPs) in equity MF schemes, but timing barely matters. A study by Motilal Oswal Asset Management showed the return difference, irrespective of the date you invest, is minuscule over longer periods. For monthly SIPs done in Nifty 500 index for over 10 years, difference in returns for an investor who puts in money at the highest point of the month versus the lowest point is 1.13%."The probability of being lucky and consistently investing at the lowest index value each month is mathematically close to zero," says Pratik Oswal, head, passives, Motilal Oswal AMC. For a 10-year SIP in Nifty 500 index, an investor who consistently managed to end up investing at the lowest point every month earne
YOKOHAMA, Japan - Nissan is closing its flagship factory in Oppama, Japan, to cut costs and moving all its production there to another plant in southwestern Japan. Vehicle production at the Oppama plant in Kanagawa Prefecture south of Tokyo, will end at the end of the 2027 fiscal year, in March 2028, the Japanese automaker said Tuesday. After that, all models that had been made or scheduled for production at Oppama will be made at Nissan Motor Kyushu, in Fukuoka Prefecture. The Oppama plant has been a prized symbol for Nissan Motor Corp., which rolled out its Leaf electric car there in 2010, ahead of key rivals. Chief Executive Ivan Espinosa, who took on the job in April, said the decision was extremely difficult, calling the Oppama plant "an icon for Nissan." He promised employees will
