The Securities and Exchange Board of India (SEBI) on Tuesday proposed a service platform called MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) for investors to trace inactive and unclaimed mutual fund (MF) folios. The new platform is aimed at preventing the risk of fraudulent redemptions of any inactive or unclaimed folios in cases where
The Securities and Exchange Board of India (SEBI) has barred foreign portfolio investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as underlying assets or using derivatives to hedge their ODIs in India in bid to curb regulatory arbitrage . Also ReadSEBI may relax AIF norms: Ananth Narayan “A foreign portfolio investor shall not
Capital market regulator SEBI appointed a forensic auditor to look into financial statements of New Delhi-based real estate company TARC between years FY21-23, citing that disclosure by the company may have been ‘detrimental to the interest of investors’. The company’s stock lost 10% on Tuesday and ended at Rs 189.55. It has a market capitalisation
Taking cues from other Asian equity markets and weighed down by an across-the-board selloff, the benchmark indices fell over 1% on Tuesday. The Sensex remained under selling pressure throughout the session and closed 1,064 points, or 1.30%, lower at 80,684.45, marking its second consecutive day of decline. Similarly, the NSE Nifty fell 332.25 points, or
The Indian rupee was mostly unchanged today and trade closed at Rs 84.90 against the US dollar. This was a strengthening of 1 paisa from its previous all-time low of 84.91 on Monday.The marginal uptick came despite a weakening economic outlook, a widening trade deficit, and weak domestic markets weighing on investor sentiment. At the
By Ravi Singh The benchmark indices began the week with a negative bias, suggesting a period of consolidation following a marginal gain in the previous week. For the continuation of last week’s momentum, the Nifty needs to firmly close above 24,850. In the derivatives market, the Nifty November weekly options exhibit significant open interest at
The Securities and Exchange Board of India (SEBI) may relax regulations for alternative investment funds (AIF) as recent regulatory measures have reassured the watchdog about reduced circumvention practices, a senior SEBI official said. Speaking at the CII AIF Summit, SEBI whole-time-member Ananth Narayan said, “Now that we have these checks and balances in place, I
The markets have been trading in range for most part of the week. The Nifty and the Sensex closed around 1.3 percent lower ach. The Sensex ended the day in deep red, plunging by 1.30 per cent or 1064.12 points to close at 80,684.45. The Nifty too mirrored the move and closed at 24,336.00, a
Tax planning helps you analyse your financial position and find ways to lower net taxable income and overall tax outgo using various provisions available under the Income Tax Act, 1961. It become even more important to review tax planning periodically as the government frequently brings changes to income tax rules either during the Union Budget
Indian stock markets ended on a mixed note on December 26 after a volatile trading session. The Sensex ended almost unchanged, dipping just 0.39 points to settle at 78,472.48, while the Nifty managed a slight gain of 22.55 points or 0.10 per cent, closing at 23,750.20. The Nifty Bank index also ended the day in
Carraro India IPO completed its bidding phase on December 24. The issue opened for subscription on December 20, with the price band of the issue kept between Rs 668 to Rs 704. After its three-day bidding window, the allotment of the shares is likely to be finalsed today (December 26). After this process, the shares
As we conclude 2024, it’s about time to reflect, take a close stock of our accounts, and plan for a better start in 2025. Listed below are 8 steps to evaluate closely how our plans have panned out and the course correction required to set ourselves up for a secure and successful 2025. 1. Review
The Employees’ Provident Fund Organisation (EPFO) has announced some major changes in guidelines and policies for its crores of members. Most of these changes are likely to be effective in the new year. The retirement fund body is set to introduce many new facilities for its subscribers. The primary objective of these new rules is
