World

SEBI exempts state-run firms from meeting public shareholding norms until August 2026

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SEBI exempts state-run firms from meeting public shareholding norms

SEBI (Securities and Exchange Board of India) has exempted all state-run firms from meeting public shareholding norms for two years until August 2026. This exemption means that listed public sector companies are not required to maintain the minimum 25% public shareholding mandated by the market regulator, SEBI (Securities and Exchange Board of India). The exemption Read more: SEBI exempts state-run firms from meeting public shareholding norms until August 2026..

Uber and BYD partnership to introduce 100,000 EVs to ride-hailing industry

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Uber and BYD partnership to introduce 100,000 EVs

Uber and BYD, the Chinese automaker, have announced a multi-year strategic partnership to introduce 100,000 electric vehicles (EVs) to Uber’s global ride-hailing platform. This collaboration aims to accelerate the transition to electric mobility within the ride-hailing industry. “Uber and BYD share a commitment to innovate towards a cleaner, greener world, and I am excited to Read more: Uber and BYD partnership to introduce 100,000 EVs to ride-hailing industry..

Infosys Share down over the DGGI alleging GST evasion of over Rs 32,000 crore

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Infosys Share down over the DGGI alleging GST evasion of over Rs 32,000 crore

Infosys shares fell on August 1, 2024, after the company received a notice from the Directorate General of GST Intelligence (DGGI) alleging GST evasion of over Rs 32,000 crore. The notice pertains to expenses incurred by Infosys’ overseas branches and claims that the company is liable to pay Integrated Goods and Services Tax (IGST) under Read more: Infosys Share down over the DGGI alleging GST evasion of over Rs 32,000 crore..