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FINANCIAL REGULATION
ACME Solar raises ₹3,404 crore from Power Finance CorpACME Solar secured over ₹3,400 crore funding from PFC for its 250 MW project. This funding supports the development and construction of the...
Meta's Mark Zuckerberg says US should not block Chinese AI models: FTIn an interview with the newspaper published on Tuesday, Zuckerberg said that banning cutting-edge Chinese AI in the US would not be "an ef...
Canara Bank to frontload ECL provisioning, plans ₹8,000 cr capital raiseCanara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to ₹12-...
Backing exam bill, TDP & Shiv Sena seek multiple NEET attempts a yearKey NDA allies proposed conducting the NEET-UG exam multiple times annually. This change aims to prevent students from being penalised by s...
Government sets up India Digital Payment Intelligence Corp to contain cyber fraudsIndia Digital Payment Intelligence Corporation has been established to combat cyber financial frauds. This new entity will share real-time ...
LIC appoints Shatmanyu Shrivastava as new CFO, replacing Sunil AgrawalShatmanyu Shrivastava has been appointed as the new Chief Financial Officer of LIC. He replaces Sunil Agrawal, who resigned from the financ...
Sebi bars Stark Investments for allegedly mobilising funds via unregistered operationsThe regulator launched its investigation after receiving 16 complaints alleging that the entities were providing investment advice and mana...
Indonesia's central bank governor Perry Warjiyo steps down, stoking independence concernsIndonesia's central bank governor Perry Warjiyo resigned unexpectedly on Monday. Destry Damayanti, a senior deputy governor, will now serve...
Assam Cabinet approves stamp duty waiver for SHG loans up to Rs 10 lakh, clears MBBS admission rule changesAssam's cabinet approved waiving stamp duty on loans for SHG members up to ten lakhs. New rules will govern Ayurvedic medical officers' rec...
Technology can't substitute professional judgement, audit quality responsibility lies with auditor: NFRAThe National Financial Reporting Authority has introduced new principles for technology adoption by auditors. These guidelines promote the ...
India to roll out common customer ID for banks, insurers; mutual funds to follow, sources sayStarting in August, a collaborative customer identification initiative will be rolled out by Indian banks and insurers, featuring a system ...
Global Market: South Korea accelerates tougher ETF trading rules to curb market volatilitySouth Korea has advanced stricter trading rules for retail investors in single-stock leveraged ETFs, requiring a 30 million won cash deposi...
Explainer: How the Clarity Act could transform crypto regulation in the USU.S. Senate Republicans have introduced the long-awaited Clarity Act, a landmark bill aimed at creating a comprehensive regulatory framewor...
UK fintech Revolut valuation soars to $115 billionBritish digital bank Revolut, whose growth has exploded in recent years, reached a valuation of $115 billion Wednesday following a secondar...
Sebi simplifies certification rules for SIF distributorsSebi has eased certification rules for Specialized Investment Fund distributors. A new certification allows selling both mutual funds and S...
Sebi cancels registration of 11 research analysts for non-payment of renewal feeOn Tuesday, Sebi took a decisive step by canceling the registrations of eleven research analysts due to their failure to pay the required r...
How Korean stocks turned from trusty bellwether to AI frenzyThat volatility, felt on dealing desks from Tokyo to New York, has not only wreaked havoc with portfolios - it has also dramatically distor...