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  1. Business News Highlights: SEBI extends timeline for social enterprises to submit annual disclosures, impact report

Business News Highlights: SEBI extends timeline for social enterprises to submit annual disclosures, impact report

Upstox

5 min read | Updated on October 07, 2024, 18:44 IST

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SUMMARY

Stay tuned for live updates on the latest business news, trends, and breaking developments on October 7, 2024.

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  1. SEBI extends timeline for social enterprises to submit annual disclosures, impact report

    Markets regulator SEBI on Monday extended the timeline to January 2025 for social enterprises, which have registered or mobilised funds through social stock exchange, to submit annual disclosures and 'annual impact report' for the financial year 2023-24.

    Social enterprises were required to make annual disclosures and submit 'annual impact report' to the Social Stock Exchange (SSE) by October 31, 2024.

    October 07, 2024, 18:42 PM

  2. India's domestic air passenger traffic to touch 300 million by 2030, says civil aviation minister

    India's domestic air passenger traffic is projected to touch 300 million by 2030 and about $11 billion is being spent to develop airports, Civil Aviation Minister K Rammohan Naidu said on Monday. Read more.

    October 07, 2024, 18:40 PM

  3. Centre starts selling tomatoes at subsidised rate of ₹65 per kg in Delhi

    The Centre on Monday started selling tomatoes at a subsidised rate of ₹65 per kg in the national capital to provide relief to the common man and check abnormal profits by intermediaries.

    Tomatoes are being sold at an average rate of ₹90 per kg in the national capital.

    October 07, 2024, 17:26 PM

  4. CIL’s future coking coal linkage auctions for steel sector to gain traction

    Coking coal linkage auctions by BCCL are expected to gain traction among steel producers after Coal India Limited (CIL) made the auction terms more industry-friendly to help India reduce imports, officials said on Monday.

    Steel majors have expressed satisfaction with the modifications made in the terms, stating they will participate in future rounds of auctions.

    Coking coal is a key raw material for steel making and most of its demand is met through imports.

    October 07, 2024, 17:25 PM

  5. India eases certain conditions for UAE in bilateral investment treaty, says GTRI

    India has eased certain conditions for UAE in the bilateral investment treaty by including portfolio investments and reduction in the local remedies exhaustion period from five years to three years in the pact, economic think tank GTRI said on Monday.

    The India-UAE Bilateral Investment Treaty (BIT) came into force on August 31 this year.

    The model BIT requires investors to attempt to resolve disputes through India's legal system for at least five years before seeking international arbitration.

    October 07, 2024, 14:08 PM

  6. FADA urges OEMs to take corrective action as PV inventory rockets to record high

    Automobile retail sales in India declined 9 per cent year-on-year in September amid a massive buildup of passenger vehicle inventory due to sluggish demand, dealer's body FADA said on Monday, urging original equipment manufacturers to take corrective steps.

    The overall registrations declined to 17,23,330 units last month from 18,99,192 units in September 2023, as most of the categories including passenger vehicles and two-wheelers witnessed a year-on-year (Y-O-Y) drop. Read more.

    October 07, 2024, 12:39 PM

  7. DGCA advisory to airlines on potential rudder system issue in Boeing 737 planes

    Aviation regulator DGCA on Monday issued an advisory to Indian airlines operating Boeing 737 planes regarding the potential risk of a jammed rudder control system.

    The move follows the recent probe report by the US National Transportation Safety Board (NTSB) that highlighted safety concerns involving Boeing 737 aircraft lanes equipped with Collins Aerospace SVO-730 Rudder Rollout Guidance Actuators.

    October 07, 2024, 13:54 PM

  8. NATCO's partner Mylan settles patent litigation with Novo Nordisk over generic Ozempic in US

    NATCO Pharma Ltd on Monday said its partner Mylan Pharmaceuticals Inc has reached a patent litigation settlement with Novo Nordisk in the US over generic Ozempic, a drug used to lower blood sugar and weight loss.

    NATCO and Mylan have partnered for the development of generic Ozempic (Semaglutide) products, the company said in a regulatory filing. Read more.

    October 07, 2024, 11:26 AM

  9. Paytm focusing on consumer payments business: CEO

    Fintech firm Paytm’s immediate priority is to invest in its consumer payments business in an effort to recover lost user base following regulatory actions by the RBI, a top company official said on Sunday.

    The RBI had restricted Paytm Payments Bank from accepting deposits or facilitating credit transactions in customer accounts, including prepaid instruments and wallets. Read more.

    October 07, 2024, 09:52 AM

  10. Malls need to be 'more humane' towards delivery partners: Zomato CEO hits out

    Zomato CEO Deepinder Goyal on Sunday said malls need to be "more humane" towards delivery partners, sharing his first-hand experience as a delivery executive picking up orders for the food tech giant.

    The Zomato CEO and his wife Grecia Munoz, who changed her name to Gia Goyal on Instagram, earlier took on the role of delivery partners to deliver orders in Gurugram and get a first-hand experience of challenges faced by them. Read more.

    October 07, 2024, 09:52 AM