The Securities and Exchange Board of India (Sebi) has proposed to relax registration requirements and cost of compliance for Investment Advisors (IAs) and Research Analysts (RAs) by amending/clarifying the existing regulations. On Tuesday, the market regulator issued a consultation paper, seeking comments from the public to put in place what it said would be a … Read more
HDB Financial services, the non-banking financing arm of HDFC Bank, is awaiting the signal from its parent to begin the listing process. The lender also has plans to open nearly 200 branches in the current fiscal year as it aims to grow its loan book. “We are ready; it’s just that when we will be … Read more
Pakistan Telecom operators on Saturday blocked mobile phone SIMs of over 3,500 non-filers of the 5000 cards they had promised to the Federal Board of Revenue (FBR) they would in line with its Income Tax General Order (ITGO) — a move aimed at compelling 506,671 individuals to place on record their returns for 2023, The … Read more
New Delhi: The government is considering various strategies to ensure a nationwide rollout of the four labour codes even though some states and Union territories are yet to come out with draft rules under one or more of these codes.The ministry of labour and employment is considering several options including a gradual repeal of the … Read more
At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank’s Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions. Banks have requested the Reserve Bank of India (RBI) to consider excluding Nostro accounts from … Read more
Mumbai: The decision by India’s capital markets watchdog to exempt foreign portfolio investors (FPI) from additional disclosure requirements will ease their compliance burden where majority assets held by them are based in the country. The Securities and Exchange Board of India (Sebi) has exempted overseas funds, having more than 50% of their India equity assets … Read more
