Business
‘Front-running patterns seen in PMS by Sebi’s AI tools’
Sebi is extensively deploying artificial intelligence tools for market surveillance. These advanced capabilities are generating actionable alerts for regulators. Patterns from these alerts suggest front-running is occurring within the PMS industry. The regulator is adopting a supportive approach for compliance and resolution. This initiative aims to foster greater awareness and deter negative investor perceptions.
Business
RBI may look through price worries, high credit growth
RBI governor Sanjay Malhotra indicated no immediate policy reaction to current inflation. He described price pressures as contained, attributing them to supply-side factors. Growth remains resilient, supported by domestic demand and investment. Credit expansion is brisk, with RBI monitoring fast-growing segments closely. The central bank focuses on inflation composition, not just the headline number.
Blog
Congress warns Punjab dissidents against indiscipline, armtwisting, gives no assurances
Congress leaders were sternly told to maintain party discipline and avoid public criticism. Dissenting Punjab leaders met with AICC general secretary K C Venugopal regarding their grievances. They were instructed to address internal matters through designated organizational channels. Any open dissent was deemed politically detrimental and unacceptable to the party leadership. The party emphasized focusing
Business
Smartphone sales decline 10% in Q1, biggest in 3 years
Chinese brands feel the heat as below 15,000 segment plunges 45% in a year
Business
RIL Q1 profit plunges 25% to 23,000 crore, revenue up 25%
Reliance Industries saw a 25% profit decline, yet revenue grew significantly. Strong performances from oil-to-chemicals and Jio digital services boosted overall results. Jio’s earnings climbed, supported by subscriber growth and increased average revenue per user. Retail and oil and gas divisions showed stable or slightly varied ebitda figures. The company maintains a healthy cash balance
Blog
Build toilets for women in courts in 6 weeks: Supreme Court
The Supreme Court has mandated states to construct washrooms for women lawyers. This directive addresses a significant human rights and health issue for advocates. States are given a six-week deadline to complete the construction of these facilities. The court rejected pleas of fund paucity, suggesting alternative revenue sources. This action aims to ensure women lawyers
Blog
SC says it will rule on plight of patients who can’t afford life-saving drugs & judicial expediency in such cases
SC to take up high cost of lifesaver meds
