Did you know that small stock brokers can have hundreds of crores of clients' funds just sitting idle in their accounts? It might come as a surprise, but these brokers were allowed to use these funds to generate bank guarantees that they could use for their personal needs, similar to how investors pledge their shares to get cash. 

Did you know that small stock brokers can have hundreds of crores of clients' funds just sitting idle in their accounts? It might come as a surprise, but these brokers were allowed to use these funds

Explained: Sebi's new rule to protect clients' funds from broker misuse

BankBazaar is also making an entry into the secured gold loan market in partnership with the gold loan focused NBFC

Fair trade regulator CCI on Tuesday approved Kandhari Global Beverages' proposal to acquire beverage major Coca-Cola's bottling plant for Rs 2,000 crore.
Kandhari Global Beverages is an authorised bottler of the Coca-Cola Company (TCCC) and Schweppes Holdings, and is engaged in the business of supplying and distributing non-alcoholic beverage (NAB) products in Rajasthan.
"CCI approves the proposed acquisition of the target business by Kandhari Global Beverages Pvt Ltd," the Competition Commission of India (CCI) said in a release.
The target business comprises Hindustan Coca-Cola Beverages Pvt Ltd's (HCCBPL) business of preparing, packaging, supplying and distributing NAB products in north Gujarat and Union Territory of Diu.
Last month, Coca-Cola said that it is selling its bottling plant in the north Gujarat region to Kandhari Global Beverages.
Though the company has not shared financial details, industry insiders have pegged the deal to be around Rs 2,000 crore, where Coca-Cola w

The Atlanta-headquartered beverage major is divesting assets globally by franchising regional operations to local partners as part of its asset-light business model

Google has not offered Chrome for sale. The company plans to appeal the ruling that it holds a monopoly

Vivo T4 5G smartphone with 7,300mAh battery launched. Amazfit launches Active 2 smartwatch. Google Messages rolls out Sensitive Content Warning. Vivo unveils X200 Ultra and X200S

Following the terror attack in Jammu and Kashmir, Finance Minister Nirmala Sitharaman is cutting short her official visit to the US and Peru and will depart for India at the earliest, according to an official statement on Wednesday.
Sitharaman arrived in the US on Sunday for a six-day visit, after which she was scheduled to travel to Peru for a five-day trip.
"Union Minister for Finance and Corporate Affairs Smt. @nsitharaman is cutting short her official visit to the USA-Peru. She is taking the earliest available flight back to India to be with our people in this difficult and tragic time," the Finance Ministry said in a post on X.
This comes as 26 people were killed after terrorists opened fire at a famed meadow near Kashmir's Pahalgam town on Tuesday. Most of those killed were tourists.
Earlier, Prime Minister Narendra Modi, who was on an official visit to Saudi Arabia, also cut short his two-day visit and departed for New Delhi on Tuesday night, as the terror attack sent ...

Sitharaman arrived in the US on Sunday for a six-day visit, after which she was scheduled to travel to Peru for a five-day trip

Security has been beefed up across Jammu as various parties, including Pradesh Congress Committee (PCC), have called for a general strike and protests on Wednesday to condemn a deadly terror attack on tourists in south Kashmir's Pahalgam tourist resort.
Terrorists opened fire at a famed meadow near Pahalgam town on Tuesday afternoon, killing at least 26 people, mostly tourists, in the deadliest attack in the valley since the Pulwama strike in 2019.
The 26 deceased included two foreigners and two locals, a high-ranking official said, without getting into details.
The Jammu and Kashmir unit of the Congress, Jammu Chamber of Commerce and Industry, Jammu bar association, Vishva Hindu Parishad and Rashtriya Bajrang Dal have separately called for a day-long Jammu bandh' on Wednesday as a mark of protest against the innocent killings in the gruesome attack.
They have also announced separate protests to denounce the Pakistan-sponsored terrorism.
Officials said a high-level security meetin

Terrorists opened fire at a famed meadow near Pahalgam town on Tuesday afternoon, killing at least 26 people, mostly tourists, in the deadliest attack in the valley since the Pulwama strike in 2019

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

Explained: Sebi's new rule to protect clients' funds from broker misuse

Other Videos

Explore News