Posts

CJP vows to press on until Gyanesh Kumar resigns

from Economic Times https://ift.tt/coT5xVl

US SEC proposes wider retail investor access to private assets amid risk concerns

The US securities regulator proposed rules on Wednesday that would broaden access to private assets traditionally reserved for wealthy or professional investors. This could potentially give more Americans opportunities for higher returns while exposing them to greater risks, according to the Reuters report.The Securities and Exchange Commission’s proposals form part of the Donald Trump administration’s broader effort to “democratise” investments such as private equity, private credit, real estate and venture capital, which can potentially deliver higher returns than conventional stock-and-bond portfolios.One measure could allow hundreds of thousands of certified professionals—including accountants, financial analysts, financial planners and licensed research analysts—to qualify as accredited investors and purchase private investments.Accredited-investor status currently depends largely on meeting wealth or income thresholds or holding certain professional credentials, such as a broker-...

India Inc's legal bill swells

Mumbai: Companies are stepping up spending on legal matters as they move to close cross-border deals and resolve disputes. The trend highlights India Inc's efforts to go global while facing tighter regulations and greater compliance requirements as companies pursue more complex deals in a buzzing M&A market.Nifty 500 companies spent ₹68,210 crore ($7.23 billion) on legal expenses last fiscal year, up 13.5% from FY25, data compiled by ET Data team showed.Experts said one of the key drivers has been heavier spending on overseas deals, disputes and compliance.The biggest companies account for much of that bill. Legal spending by Nifty 50 companies rose 9.7% to ₹25,519 crore, reflecting the rising prominence of legal advice in an increasingly regulated and litigious business environment.Also Read: Essar-backed Mesabi Metallics to set up $15-billion steel plant in USThe increase, however, reflects more than higher corporate overheads.As Indian companies expand overseas, a more fract...

Gold tumbles 4% to seven-week low as oil, dollar and yields climb

Gold prices fell 4% on Monday to its lowest level in more than seven weeks as rising oil prices fuelled inflation concerns and strengthened expectations of tighter monetary policy. A firmer dollar and higher Treasury yields added further pressure, according to a Reuters report.Spot gold was down 3.5% at $4,136.81 an ounce as of 1:30 p.m. ET (1730 GMT), after touching $4,110.55—its lowest level since August 5. US gold futures settled 3.5% lower at $4,168.40.“We’ve got crude oil prices sharply higher. And that suggests still more problematic price inflation, which suggests a tighter Federal Reserve monetary policy,” Jim Wyckoff, a market analyst at American Gold Exchange, told Reuters.Higher Treasury yields and the US dollar trading near multi-week highs were “creating a perfect storm to push the metals prices sharply lower,” Wyckoff said.The dollar held close to a two-month high, making greenback-denominated bullion more expensive for overseas buyers. Treasury yields extended their gain...

MPSC puts State Services Main Exam 2026 on hold

from Economic Times https://ift.tt/lLDZQCM

Trump says UK suspects planned ‘big damage’

from Economic Times https://ift.tt/6GkAXeY