Why is SEBI chairperson reluctant to face questions of parliamentary panel, asks Rahul (24-10-2024)
SEBI Chairperson Madhabi Puri Buch did not attend the Public Accounts Committee of Parliament. Congress leaders, including Rahul Gandhi, question her absence. Congress president Mallikarjun Kharge accuses the BJP-led Centre of using Buch to shield its misdeeds. Buch’s absence led to the postponement of the PAC meeting, causing a deadlock in proceedings.
Harley-Davidson lowers full-year revenue forecast on weak demand, shares down 3% (24-10-2024)
Harley-Davidson lowered its annual revenue forecast due to persistent inflation and high borrowing costs affecting North American motorcycle demand. With retail sales dipping 10% and a shift in focus to Touring bikes, the company expects full-year global shipments to be down 16% to 17% and annual retail sales to drop 6% to 8%.
Govt may use AI to check traffic violations: Gadkari (24-10-2024)
The government is proposing to use Artificial Intelligence and other innovative methods to check traffic violations and ensure that penalties are levied accurately, Union minister Nitin Gadkari said on Thursday. Addressing the 12th edition of the Traffic InfraTech Expo, the minister outlined plans for upgrading toll collection methods, including the exploration of satellite toll systems, which would improve efficiency and ensure transparency in toll collection. Gadkari noted that road safety cannot be achieved without integrating advanced engineering solutions, enforcement of laws, and the adoption of cutting-edge technologies like Artificial Intelligence (AI).
The SME portfolio (24-10-2024)
The stock option scheme of 4 lakhs stocks is almost 4% of current paid up capital, which looks huge. Is this normal?
Sebi levies Rs 15 lakh fine on 3 entities for indulging in non-genuine trades (24-10-2024)
Sebi has fined multiple entities a total of Rs 27 lakh for non-genuine trades in the BSE’s illiquid stock options segment and regulatory violations. The penalties include Rs 15 lakh on three traders for artificial volumes, Rs 5 lakh on Rudra Shares & Stock Brokers, and Rs 7 lakh on a research analyst for non-compliance.