The benchmark Nifty on Friday ended the week with 2.15 per cent gains, the most since the week ended July 14, 2017. Signs of easing trade tensions between the US and China, coupled with lowering of inflation forecast by the Reserve Bank of India (RBI), had buoyed investor sentiment.

However, global stock markets edged downwards on Friday after US President Donald Trump’s threat to impose an extra $100 billion in tariffs on China exacerbated fears of a more serious trade dispute, while the dollar paused ahead of crucial US payrolls data.

The Securities and Exchange Board of India (Sebi) is set to intensify its drive against individuals who misuse unpublished price-sensitive information (UPSI) to make illicit gains from the stock market.

Trading based on UPSI is among the most serious offences in the stock market. Sebi has stepped up on improving its surveillance mechanism after prescient messages, related to the financial results of several blue-chip companies, including Axis Bank, HDFC Bank and Tata Motors, were being circulated on WhatsApp.

Even after the Supreme Court extended the deadline to link Aadhaar with various services, including existing bank accounts, mutual funds and insurance policies, Aadhaar or Aadhaar enrolment number remains mandatory for opening a new bank account. At the same time, there are consumer complaints citing the demand for Aadhaar at points of sale of other financial products such as insurance policies and mutual funds.

Who will win India’s promising market for internet commerce? A company with deep pockets and an almost limitless capacity to bear losses. Amazon.com Inc. fits the bill. Its investors don’t bat an eyelid when the firm announces large amounts of cash burn every other year.

It seemed like the US company had met its match when SoftBank Group Corp invested $2.5 billion in Flipkart last year. Led by maverick tycoon Masayoshi Son, SoftBank never seems to be short of funds or the appetite for taking wild risks.

Among the German Luxury car manufacturers, Mercedes-Benz has perhaps the strongest hold in the Indian subcontinent. Having recently announced their sales for 2017-18 and reasserting their leadership in the country having sold as many as 16,236 cars. The company, which had sold 13,259 units in 2016-17, also said in the January-March period it sold 4,556 units as against 3,650 units in the year-ago period, up 24.8 per cent.

Global financial messaging cooperative Swift today said Icici Bank has become its first Indian client to go live with an improved cross-border payments service. The announcement of the service, which Swift claimed as being more transparent, comes weeks after the discovery of one of the largest banking frauds to be detected in Indian history, the Rs 12,900-crore Nirav Modi scam at the Punjab National Bank (PNB).

Just after RBI (Reserve Bank of India) on Thursday announced a crackdown on cryptocurrencies in India, Bitcoin price immediately fell under $5,500-mark. Bitcoin briefly started trading at Rs 3,56,000 and Ethereum began at Rs 19,500 Rupees on India’s market. Bitcoin was trading at a price of Rs 3, 65,100 down nearly 2.5 percent in India today on Zebpay. The price of Bitcoin has plunged over 60 percent from all-time high of December. It touched nearly $20,000 on CoinDesk’s BPI in December.

Reliance Communications Ltd (RCom) said on Friday it received the National Company Law Appellate Tribunal's (NCLAT) approval to proceed with the sale of its tower and fibre business.

The National Company Law Tribunal had prevented RCom from selling any asset without its permission, following a legal challenge from Swedish telecoms gear maker Ericsson, seeking payment of unpaid dues of Rs 11.55 billion ($177.7 million) by RCom and two of its units.

Mumbai: This could be the Jio moment for India’s Rs22 trillion mutual funds industry. Asset management companies, which have as many as 18 million investors, are about to get a distributor in Paytm, which boasts of a customer base that is more than 16 times bigger.

Paytm, which claims to have a user base of more than 300 million, is set to kick off its mutual funds distribution business with the launch of its digital platform by the end of April.

New Delhi: India’s telecom regulator is considering taking legal action against Apple for a delay in taking steps to support the authority’s app and enable iPhone users to flag unsolicited calls and messages, deepening a spat between both sides.

“We will consider taking legal action,” RS Sharma, chairman of the Telecom Regulatory Authority of India, told reporters Thursday.

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