Varun K

Varun is a senior editor at Dollars Bag, an online resource for news and reviews about money and finance. With over 3 years of experience in the financial services industry, Varun has a deep understanding of the sector and its complexities. At Dollars Bag, Varun is responsible for reviewing products and services related to money and finance. From beginner’s guides on budgeting to the latest in financial technology, Varun is well-versed in the ever-changing world of finance. He is passionate about helping her readers make sound financial decisions, and is always on the lookout for new and innovative products and services to cover.

‘Need for decentralisation’: Number of poor rising as wealth concentrates within some hands; ‘should not happen,’ says Gadkari

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Union Minister Nitin Gadkari voiced concerns about India’s widening wealth gap, emphasizing the need for inclusive economic growth and wealth decentralization at a Nagpur event. He lauded past economic reforms but cautioned against unchecked centralization. Gadkari highlighted sectoral imbalances, particularly agriculture’s low GDP contribution despite employing a large rural population.

Sebi warning: After action against Jane Street, chairman says ‘market manipulation won’t be tolerated’

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Sebi is tightening its grip on market manipulation, as Chairman Tuhin Kanta Pandey warns against any misconduct. This follows an interim order against Jane Street Group, accused of manipulating stock indices and ordered to return ₹4,843 crore. Pandey also emphasized transparency and ethics in corporate governance, urging chartered accountants to ensure genuine compliance.

India-US trade deal: India says reserves WTO right to hit back at US on auto tariffs; adds move won’t impact bilateral agreement talks

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India has reserved its right to impose retaliatory tariffs on the US following a 25% tariff on Indian auto parts, a procedural move under WTO safeguards. This action won’t impede ongoing trade deal talks, aiming for a $500 billion bilateral trade by 2030. An interim agreement is expected before July 9, but uncertainty remains.

Telecom earnings preview: Jio may lead in revenue growth; Airtel likely to top ARPU number, Vi steadies user base

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Reliance Jio is expected to surpass Bharti Airtel in revenue and ARPU growth, driven by strong FWA additions. While Airtel’s ARPU may be higher, Jio’s subscriber growth is significant. Vodafone Idea is projected to stabilize its user base with improved network and 5G expansion, though lagging behind in the 5G race. Tariff hikes are anticipated … Read more

India-EFTA trade deal: Pact to kick in next couple of months, says Piyush Goyal; deal promises $100 bn investment & duty cuts on key goods

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Commerce and Industry Minister Piyush Goyal announced that the free trade agreement between India and the European Free Trade Association is expected to be implemented within the next few months. The agreement includes a commitment of $100 billion in investments for India over 15 years. Government is promoting high-quality manufacturing by issuing 156 quality control … Read more

New gas pipeline tariff norms to reduce costs for CNG companies

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The Petroleum and Natural Gas Regulatory Board has revised pipeline tariff norms, aiming to lower wheeling costs for city gas distributors and broaden access to cleaner fuel in underserved regions. By rationalizing tariff zones and applying the lower Zone 1 tariff nationwide, transportation costs for CNG and PNG projects are expected to decrease.

Sebi’s Jane Street ban: Zerodha’s Nithin Kamath shocked trading firm ‘kept at it despite warnings’; quips ‘they’re used to lenient US regulatory regime’

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SEBI’s action against Jane Street for alleged market manipulation in options trading has sparked concerns about its impact on India’s markets. Zerodha’s Nithin Kamath warns that while the crackdown is justified, the potential pullback by prop trading firms like Jane Street, which constitute a significant portion of options trading, could negatively affect retail activity and … Read more