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GLOBAL LEI SYSTEM
Elon Musk faces a mix of admiration and scrutiny during his China visit with US President Donald Trump; here's whyElon Musk is in China for a summit with President Xi Jinping. He faces a mix of admiration and scrutiny. While Tesla's electric vehicles in...- The rapid embrace of AI in China, its biggest testing ground, may shape how AI is used globallyChina is rapidly adopting artificial intelligence tools. Ordinary citizens and businesses are using AI for daily tasks and work. Chinese co...
- RBI mandates LEI code for all market participants, bars non-compliant entitiesThe Reserve Bank of India has mandated all market participants, both resident and nonresident, to obtain a valid Legal Entity Identifier (L...
- Rich taxpayers will now need to give more details, ITR-2, ITR-3 for FY 2023-24 notified by CBDTTaxpayers earning over Rs 50 lakh or owning multiple houses must provide additional information when filing income tax returns (ITR). The C...
- ITR-2 changes: Rich taxpayers will now have to give additional detailsThe tax department is seeking details of Legal Entity Identifier (LEI); any contributions made to political parties, including the date and...
- Sebi mandates Legal Entity Identifier for all non-individual FPIsThe Securities and Exchange Board of India (SEBI) has made it mandatory for non-individual Foreign Portfolio Investors (FPIs) to provide th...
- Sebi introduces legal identifier system for issuers with listed NCDs, securitised debt, security receiptsIn view of this, Sebi said that issuers having outstanding listed non-convertible securities as on August 31 will have to obtain and report...
- FIEO partners with Rubix Data Sciences to facilitate Legal Entity Identifier issuanceAs part of the MoU with FIEO, Rubix will handhold Indian exporters through the documentation process and facilitate speedy and cost-effecti...
- Interest subsidy for MSME sector exporters increased to 5 per cent: RBIExporters get the subsidy under the 'Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit'.
- RBI asks large borrowers to obtain unique code from banksComing out with timeline for implementing the LEI, the RBI said borrowers with fund and non-fund exposure of Rs 1,000 crore and above will ...
- Aadhaar gets praise at global forum for financial inclusionIn a progress report on efforts to assess and address the decline in correspondent banking, FSB said its action plan in this regard is maki...
- Forget Apple. Xiaomi CEO Lei Jun now wants to be more like Costco"We are not Apple,” Lei, clad in a black polo shirt and blue jeans, said at Xiaomi’s Bengaluru office in India, its biggest overseas market.
- CCIL receives global approval to act as local legal identifierThe Clearing Corporation of India or CCIL — a clearing and settlement platform for OTC debt, forex, money market and derivative transaction...
- Xiaomi's buying spree gives Apple, Samsung more reasons to sweatSince Nov, the maker of Mi devices has participated in more than $600 mn of investments in 3 firms and announced it bought into dozens of s...
- Indian Clearing Corporation Ltd becomes first entity to be assigned LEI by CCILThe LEI helps connect to key reference information that enables clear and unique identification of companies participating in global financ...
- Clearing Corporation of India to issue unique ID codes to legal entitiesIndia will join global efforts to bring in transparency in OTC derivatives market to avoid a repeat of worst financial crisis seen in recen...
- With its sight on Apple, China smartphone maker Xiaomi unveils first tabletThe MiPad, which comes in six colours, will have a 7.9 inch screen, the same size as an iPad Mini. It is priced cheaper than iPad Mini and ...
- India-Pakistan ties very important for region's stability: Chinese Premier Li KeqiangAs Li Keqiang arrived in Pakistan from India for a visit, China today said it would like to see the two countries improve their bilateral r...
- Pakistan may opt for Chinese navigation systemPak may become the fourth country to opt for China's Beidou navigation system, a rival to the Global Positioning System developed by the US.
- BRICS Summit: Expected announcements and initiativesBRICS is expected to launch plans this week for a joint development bank and measures to bring their stock exchanges closer together.
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