The widely heralded Jio moment of the mutual fund industry is right around the corner. Paytm is set to go live with its mutual fund distribution platform, Paytm Money, anytime this month. However, mutual fund distributors, which at the last count accounted for Rs 1.8 trillion of industry assets, are confident that there is no need for them to reshuffle their business model and reiterated the importance of timely advice for investors.

Tech titan Apple has informed telecom regulator Trai that the new version of its operating system includes a feature that would allow users to report unwanted messages and calls as spam, sources said.

The issue of reporting unsolicited telemarketing calls and messages has been a major bone of contention between the Telecom Regulatory Authority of India (Trai) and the US-based company.

Regulator Sebi on Monday barred Inventure Growth and Securities as well as its directors and other senior officials from the capital markets for four years for concealing “material information” and making false and inadequate disclosures in the IPO documents.

The regulator, which conducted a probe into the affairs of Inventure Growth and Securities Ltd (IGSL) in relation to its initial public offer (IPO)

Mumbai: The board of State Bank of India (SBI), India’s largest lender, has approved a plan to cover legal expenses of current and former staff booked by investigating agencies, but where no probe has been ordered by the bank, two people aware of the development said. The bank, these people said on condition of anonymity, also plans to purchase an insurance policy to reimburse legal costs for staff indicted for fraud while taking business decisions.

New Delhi/Bengaluru: India’s largest e-commerce firms Amazon Seller Services Pvt. Ltd and Flipkart Pvt. Ltd are lobbying the government to scrap the entire draft e-commerce policy, which recommends strict restrictions on online retail, including curbs on discounts, people familiar with the matter said.

India plans to roll out state-of-the-art 5G telecom services in the next four years, a senior official said, as the nation rushes to catch up with its Asian peers. “We are not there yet,” Telecom Secretary Aruna Sundararajan said in an interview in New Delhi, adding that complete roll-out of 5G will be done by 2022. “5G won’t be driven by supply, it’ll be driven by demand and the rest of industry needs to wake up to this.”

In what could hit Reliance Industries’ (RIL) aviation turbine fuel business, Airports Authority of India (AAI) and national oil marketing companies (OMCs) have refused to allow the private firm to become a shareholder in a proposed joint venture (JV) which seeks to set up common infrastructure to supply ATF across all major airports operated by the state-owned authority.

The Nifty indices for small- and mid-cap stocks clocked gains for a 12th consecutive day on Monday and yielded returns of 8.9% and 7.3%, respectively during the period as investors lapped up beaten-down stocks from the two categories.

The 12-day rally has also helped both indices to pare their year-to-date (YTD) losses to 16.5% and 9.2%, respectively. From the beginning of 2018 to mid July, the two gauges fell by as much as 23.3% and 16%, respectively.

Bank of Baroda (BoB) has put on sale a 4% stake in Clearing Corporation of India (CCIL) in order to raise at least Rs 124 crore, according to a public notice.

The bank has sought bids on a per-share basis, either for a 4% stake, e.i, 20 lakh shares, or for a part stake not less than 5 lakh shares. BoB holds a 5% stake in CCIL.

Although the bourses scaled their fresh all-time closing highs on Monday, the number of stocks hitting their 52-week lows were higher than the stocks hitting their respective 52-week high levels. On Monday, 92 stocks scaled to hit their respective 52-week highs, while 98 stocks hit their 52-week lows.

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