1 Minute News | 29 November 2024
| Friday, 29 Nov 2024 – 1 min read |
 CCI Launches Antitrust Investigation into Google: The Competition Commission of India has initiated an investigation into Google over alleged antitrust violations, following a complaint by WinZO accusing the tech giant of discriminatory practices in the real-money gaming sector. Adani Group Shares Surge for Second day in a row: Adani Group shares rose up to 18% despite rating downgrades from Fitch and Moody’s for the second day straight after Adani Green denied bribery charges against Gautam Adani and other executives. Solar Project Worth ₹1,233 Crore: Waaree Renewable Technologies has secured a ₹1,233 crore solar project from a domestic renewable energy developer, according to a BSE filing. India Eyes Export Boost Amid Trump’s Tariff Moves: With US President-elect Trump announcing hefty tariffs on China, Mexico, and Canada, India could see a rise in exports, especially in textiles, electronics, machinery, and pharmaceuticals. NSE, BSE will act as Alternative Trading Venues for each other from April 1, 2025, as directed by SEBI. The exchanges must submit a standard operating procedure within 60 days. SEBI Proposes Accredited Investors for Angel Funds, requiring angel fund investors to meet net worth-based accreditation criteria, with a one-year transition period for compliance. Experts say the changes may impact some investors but will enhance regulatory clarity and confidence. Private Insurance Stocks Take a Hit! Shares of private insurers, including SBI Life Insurance, HDFC Life Insurance, and others, fell on Thursday following concerns raised by the IRDAI over the Bancassurance business.Expert Opinion: “The insurance regulator has reportedly asked insurers to reduce their business by up to 50% when they enter bank tie-ups. This is negative for insurance companies, and the market is discounting this fresh development.” |
