The Reserve Bank of India (RBI) has bolstered confidence in the Indian economy by projecting a 7% growth rate for the current fiscal year 2024-25 (April 2024 to March 2025). This forecast follows a strong performance in FY 2023-24, with GDP expanding by a robust 7.6%. The RBI’s projection underscores the resilience of the Indian…
The Securities and Exchange Board of India (Sebi) recently issued a comprehensive master circular for stock brokers. This document consolidates prior regulations and places a strong emphasis on investor communication. Here, we analyze the key points regarding email and SMS alerts mandated by Sebi. Ensuring Transparency Through Accurate Client Data The new circular prioritizes the…
For Non-Resident Indians (NRIs) married overseas, a common concern is whether their spouse and children can inherit property in India. The answer is generally yes, but there are some legal nuances to consider. Marriages Abroad and Succession Laws Marrying abroad doesn’t automatically disqualify your spouse or children from inheriting your Indian assets. In fact, a…
The social security systems in the United States and the United Kingdom provide a critical safety net for retirees. However, Indian expatriates working in these countries may find themselves in a situation where their contributions don’t translate to full benefits. Let’s delve into the potential challenges and explore strategies for navigating this complex landscape. Challenges…
Nikesh Arora, the Chief Executive Officer (CEO) of Palo Alto Networks, has carved a distinct path in the competitive landscape of the technology sector. He recently garnered significant attention for exceeding the compensation of well-established figures like Sundar Pichai and Mark Zuckerberg. Arora’s professional journey began in India. After obtaining his electrical engineering degree from…
The Securities and Exchange Board of India (Sebi) plays a critical role in safeguarding the integrity and fostering the growth of the Indian capital markets. A key aspect of this responsibility lies in deterring insider trading, a practice that erodes investor confidence and disrupts fair market equilibrium. Sebi has implemented a comprehensive strategy to combat…
China has embarked on a substantial gold acquisition program, raising questions about its long-term economic strategy. This surge in demand stems from two primary motivations: diversifying its foreign exchange reserves and mitigating dependence on the US dollar. Beyond Equities: Retail Investors Seek Stability Chinese retail investors are also contributing to the gold rush. Faced with…
A controversy has erupted between actress Scarlett Johansson and OpenAI, the company known for its large language model ChatGPT. Johansson alleges that a recently introduced voice option for ChatGPT, codenamed “Sky,” is an unauthorized imitation of her voice. The dispute centers around Scarlett Johansson claim that OpenAI CEO Sam Altman approached her in 2023 to…
The Financial Services Institutions Board (FSIB) has postponed the scheduled interviews for the chairperson role at the State Bank of India (SBI). This unexpected delay comes as the incumbent chairman, Dinesh Kumar Khara, is set to retire on August 28, 2024. The postponement throws the selection process for this critical leadership position into temporary uncertainty….
Once a symbol of India’s burgeoning fintech sector, Paytm now faces a critical juncture. Following regulatory hurdles and key personnel departures, the company’s stock price has fallen precipitously. Founder Vijay Shekhar Sharma shoulders the weight of restoring investor confidence and crafting a successful turnaround strategy. This article explores the challenges Sharma faces and potential avenues…