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India markets watchdog exempts small brokers from technical glitch rules

Jan 9 (Reuters) – India’s markets regulator on Friday eased compliance requirements and exempted smaller brokers from rules for technical glitches at brokerages. The Securities and Exchange Board of India (SEBI) said the streamlined framework will exclude stock brokers with fewer than 10,000 registered clients from compliance. These brokers will now be exempt from paying penalties or reporting requirements in case of technical glitches. “As a result of new eligibility criteria, approximately 60% of stock brokers would be moving out of this framework,” SEBI said. The regulator also added that glitches that do not impact trading activity will also be

BJP thinks of ED, I-T and CBI as its private army, says Congress leader Pawan Khera

AICC spokesperson Pawan Khera.

New Delhi [India], January 9 (ANI): Congress leader Pawan Khera on Friday said that the BJP (Bhartiya Janata Party) thinks of the Enforcement Directorate (ED), Income Tax Department (I-T), and the Central Bureau of Investigation (CBI) as its personal army. He claimed that the ED only conduct raids in selected states, which are not led by the BJP. “The moment we see a news flash about an ED raid, we know it has happened in a select few states only. We have been saying that the BJP thinks of the ED, I-T and CBI as its private army. This is

US Commerce Secretary, New Delhi give differing accounts of breakdown in India trade talks

NEW DELHI, Jan 9 (Reuters) – India’s trade pact with the United States stalled last year because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump ahead of a deal, Commerce Secretary Howard Lutnick said on Friday, giving an account of events that New Delhi has denied. Trade talks between India and the U.S. fell apart and Trump then doubled tariffs on Indian goods in August to 50%, the world’s highest rate, including a levy of 25% in retaliation for India’s purchases of Russian oil. “It’s all set up and you have got to have

Stock markets take downtrend for 5th day; Sensex, Nifty tank nearly 1 pc

Mumbai, Jan 9 (PTI) Benchmark indices Sensex and Nifty buckled under selling pressure for the fifth straight session on Friday, falling nearly 1 per cent, as investors turned cautious due to growing concerns over potential US tariff hikes amid lingering geopolitical worries. The relentless foreign capital flight from Indian markets also affected the market sentiment, traders said. After a brief rebound in early trade, the 30-share BSE Sensex failed to carry forward the momentum and tumbled 604.72 points, or 0.72 per cent, to sink below the 84,000-level and settle at 83,576.24. During the day, it dropped 778.68 points, or 0.92

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