Chequered Flag Dec. 30: Headlines At A Glance

Today’s key stories include the Reserve Bank of India’s (RBI) Financial Stability Report, SEBI’s anticipated reforms for 2024, significant updates from Wipro, developments regarding the Steel PLI scheme, and other important news.

Updated On 09:47 PM IST, 30 Dec 2024

Financial Stability Report: Monetary Fines Drop 47%

According to the latest Financial Stability Report, monetary fines levied by the RBI on regulated entities decreased significantly, falling to nearly Rs 30 crore from June to November.

Risky Metrics Persisting in Three Banks

Despite an overall improvement in the risk metrics of Indian banks, three specific lenders continue to show concerning trends.

SEBI’s 2024 Reforms: Changes to SME IPO Rules and More

This year, the Securities and Exchange Board of India (SEBI) has implemented broad reforms, including constraints on future and options trading and measures to protect small investors.

Defence Contracts Signed with Mazagon Dock and Naval Group

The Defence Ministry has finalized two contracts valued at Rs 2,867 crore with Mazagon Dock Shipbuilders Ltd. and the Naval Group from France.

ITC Hotels Allows Up to 100% Foreign Holding

Foreign investors will be permitted to hold up to a full 100% stake in ITC Hotels Ltd. upon its listing.

Steel PLI Scheme Draws Rs 17,581 Crore Investments

The government has announced that investments under the Production-Linked Incentive (PLI) scheme for specialty steel reached Rs 17,581 crore as of October.

Government Denies Use of DigiYatra Data for Tax Enforcement

The Income Tax Department, along with a senior official from DigiYatra, has refuted claims that the platform's data was being used to track tax evaders.

Wipro Extends Deadline for Acquisition of Applied Value Technologies

Wipro Ltd. has announced that the deadline to finalize the acquisition of Applied Value Technologies Pte. has been postponed from December to January.

Budget Demands Include Tax Relief and STT Abolition

Finance Minister Nirmala Sitharaman presided over the fifth pre-budget consultation with representatives from Indian industry in New Delhi recently.

Market Indices Close Lower

The NSE Nifty 50 index ended the day down by 168.50 points, or 0.71%, closing at 23,644.90. Similarly, the BSE Sensex finished 450.94 points lower, or 0.57%, at 78,248.13.

Finance, Government, Economy, Markets, Companies