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 issued under
Gold has a rich history as a prized asset for investors, particularly during periods of economic instability. Currently, the price of 22-karat gold in India is ₹6,565 per gram, while 24-karat gold, also known as 999 gold, is priced at ₹7,162 per gram. Here’s why gold is considered a prudent investment: Protection against inflation: As
JM Financial share price declined over 9% in early trade on Monday after the capital market regulator Securities and Exchange Board of India (Sebi) barred the company from acting as a lead manager for any new public issue of debt securities. JM Financial shares dropped as much as 9.82% to ₹79.30 apiece on the BSE.
Shares of Manappuram Finance shed over 7 percent on Wednesday after market regulator SEBI put the IPO of its arm Asirvad Microfinance in abeyance, according to media reports. The stock fell as much as 7.4 percent to ₹163.40 in intra-day deals today. It is now over 10 percent away from its 52-week high of ₹182.10,
A week after India barred lenders from investing in alternative investment funds that hold stakes in their borrowers, the market is counting the cost.The Reserve Bank of India said the move is designed to prevent an unstable build up of assets in the country’s financial system. But, lawyers and analysts say alternative investment fund managers