Indian bourses’ overseas trading restriction anti-competitive: MSCI

  New Delhi, Feb 16: Global index provider MSCI has termed the move by Indian stock exchanges to restrict derivatives trading and data feeds overseas as anti-competitive, as it could lead to unnecessary disruption. Further, the move could impact India’s weightage and its asset classification in the MSCI indices. It strongly suggested Indian exchanges and […]

Govt expects to finalise 5G service roadmap by June

Govt expects to finalise 5G service roadmap by June

  New Delhi, Feb 16: The Department of Telecom expects to finalise a roadmap for 5G services by June this year, a top official said. “By June this year, I hope we will be able to unveil India’s 5G roadmap,” Telecom Secretary Aruna Sundararajan said at an Assocham event today. Globally, standards around 5G are […]

Walmart in talks to buy 40% in Flipkart

  New Delhi, Feb 16: Walmart Inc is in talks to purchase a stake of more than 40 per cent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia’s third-largest economy, two sources familiar with the matter said on Friday. In what would be one of its biggest overseas deals, the […]

BSE extends window to submit Aadhaar for new MF investors

  New Delhi, Feb 15: To ensure compliance with anti-money laundering rules, leading stock exchange BSE today extended the deadline for new mutual fund investors to submit PAN and Aadhaar till April 1, 2018, failing which their folios would be closed. “The effective date for mandatory submission of PAN and Aadhaar number with requisite documents […]