capital markets

terror financing: FIU notifies fresh money laundering, terror financing reporting alerts for capital markets

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New Delhi: A fresh set of ‘alert indicators’ have been issued by India’s financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing regime. These new guidelines have been … Read more

biopharma companies: Expect Syngene revenue to grow from high single digits to low double digits next year: Jonathan Hunt

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Jonathan Hunt, MD & CEO, Syngene International, says the company deployed $55 million last year. Next year, they will be a little bit ahead of that – about $60 million. There are the usual themes within their business – automation, digitisation, improving productivity through an upgrading of technologies. About half of that should go towards … Read more

Rupee: Rupee closes at 6-month high of 82.83 on strong inflows, weaker dollar

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Mumbai: The rupee Wednesday closed at its strongest level versus the US dollar in six months as disappointing American economic data caused the greenback to weaken globally while overseas investors deployed funds in local capital markets. The domestic currency settled at 82.83 per US dollar on Wednesday, its strongest closing level since September 4, 2023, … Read more

Sebi: Sebi firm on FPI ownership norms as deadline looms

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Mumbai: The Securities and Exchange Board of India (Sebi) is set on imposing tightened ultimate beneficial ownership norms for overseas investors with effect from February 1 despite pressure from foreign banks and a section of offshore fund managers to ease the rules ahead of the deadline, said a person with direct knowledge of the matter. … Read more

IndiaFirst Life: IndiaFirst Life targets IPO launch by March

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Mumbai: Another private sector life insurer is set for a market debut after a gap of six years. IndiaFirst Life Insurance received approval for an initial public offering from the capital markets regulator Sebi in March last year and aims to float the issue by March. The company is meeting investors to gauge the market … Read more