Tuesday, October 13
The rural development ministry has unveiled the draft Registration Bill, 2025, introducing provisions for online registration of properties, electronic presentation and admission of documents, issuance of electronic registration certificates, and digital maintenance of records.Once made into a law, it will replace the 117-year-old Registration Act of 1908. It aims to reduce physical documentations, boost transparency in property deals and add to ease of living.The Bill also expands the list of documents in property transactions that will require mandatory registration. These documents include agreements to sell, powers-of-attorney, sale certificates issued by authorities, equitable mortgage arrangements, and certain instruments based on court orders.The Department of Land Resources under t
Auditors of the India units of Chinese smartphone manufacturers Oppo and Realme have flagged multiple concerns regarding their bookkeeping, processes, and incomplete records, according to Registrar of Companies (RoC) filings earlier this month.Analysts said auditor reports and observations have significant implications for stakeholders, including investors, creditors, and regulators. This comes at a time when the Chinese brands have been under intense regulatory scrutiny in India for the past four-five years, with the government alleging several irregularities such as customs duty and income tax evasion as well as money laundering.121421066Turned a Profit in FY24Investigations and court cases are ongoing. Oppo Mobiles India and Realme Mobile Telecommunications India, wholly owned by their
Mumbai: Shares of Eternal, formerly Zomato, fell 4.5% as the company's decision to cap its foreign shareholding at 49.5% could lead to selling by overseas passive funds. According to Nuvama Alternative & Quantitative Research, the decision could lead to drop in the stock's weightage on benchmarks of global index providers MSCI and FTSE, resulting in outflows in the range of $820 million to $1.3 billion over the next few days.Changes in stock weights in indices of MSCI and FTSE result in passive flows because trillions of dollars in global funds track their benchmarks. When a stock is added or removed or if its weights are increased or decreased, index-linked ETFs and mutual funds are forced to buy or sell to mirror the index composition.Nuvama said the reduction of weights on MSCI Stan
Mumbai: The Securities and Exchange Board of India (Sebi) on Monday said expiries of all equity derivatives contracts will be limited to two days a week, either Tuesdays or Thursdays. "In the multi exchange framework, spacing out of expiry days through the week reduces concentration risk and provides an opportunity to stock exchanges to offer product differentiation to market participants," Sebi said in a circular."At the same time, too many expiry days has the potential to revive expiry day hyperactivity, which could jeopardise investor protection and market stability," it said. 121423878The regulator said, every exchange will continue to be allowed one weekly benchmark index options contract on their chosen day - Tuesday or Thursday. Besides benchmark index options contracts, all other e
