Mumbai: The Securities and Exchange Board of India (Sebi) Wednesday extended the deadline for Life Insurance Corporation (LIC) to achieve a 10% public shareholding by three years, pushing it to 2027. This extension provides LIC with much-needed flexibility on regulatory requirements as its current public shareholding is just 3.5%. Earlier, LIC had got a one-time … Read more
Regulatory guidelines prescribe that investors need to add a nominee for all their mutual fund folios. The deadline for this has been extended and folios will be frozen for debits for investors who don’t comply. WHAT IS NOMINATION IN A MUTUAL FUND? Nomination is the process of appointing a person to take care of your … Read more
Vladimir Putin has ordered his government to look into creating a games console to rival the PlayStation 5 and the Xbox Series X/S, as the Russian leader seeks to satisfy the country’s vast community of gamers, according to reports. Putin has ordered the government to “consider the issue of organising the production of stationary and … Read more
