Posts in category Business Standard
Binance loses India traders to local companies it recently dominated (13-01-2024)
WazirX and Mudrex estimated that roughly 70% of their fresh inflows came from Binance, while CoinDCX put the figure at around 40%
Gold prices surge on Middle East tensions, Federal Reserve rate-cut bets (13-01-2024)
Bullion was mostly flat on the week, but extended its run above the $2,000 level to nearly a month. U.S. gold futures settled 1.6% higher at $2,051.60
Gold price rises Rs 120 to Rs 62,950, silver unchanged at Rs 76,000 (13-01-2024)
The price of 22-carat gold rose Rs 100, with the yellow metal selling at Rs 57,700
BNS Leading Crypto In India: Embrace Fee-Free Crypto Deposits & Trading Now! (12-01-2024)
New Delhi [India], January 12: The past few months have been a testament to the resilience and potential of the cryptocurrency market, transitioning from a prolonged bear phase to a promising bullish trend. At BNS, we acknowledge that our journey has not always been smooth, but our commitment to enhancing user experience remains unwavering. As the crypto market ushers in a new era of growth and optimism in 2024, we at BNS are excited to announce a series of groundbreaking initiatives designed to redefine the trading experience for our users. In our continuous effort to lead the industry with innovative solutions, we are introducing changes that not only cater to the evolving needs of our community but also set new standards in the world of cryptocurrency trading.
Rupee gains 11 paise against the US dollar amid strong FPI inflows (12-01-2024)
The local currency strengthened for the eighth consecutive trading session on Friday; it touched an intraday high of 82.86 per dollar before settling at 82.92, compared to 83.03 on Thursday
After CLSA, Goldman eyes ‘affluent India’ play and identifies key themes (12-01-2024)
Identifies key themes like leisure, jewellery, out-of-home food, healthcare and premium brands as growth areas
India exchange-traded fund debuts on Abu Dhabi Securities Exchange (12-01-2024)
S&P India Shariah Liquid 35/20 Capped Index has rallied nearly 20 per cent in the past one year in AED terms
Axis Bank-Karvy matter: SAT says Sebi has 4 weeks to restore pledged shares (12-01-2024)
The matter pertains to an appeal by several lenders to whom defaulter Karvy had pledged securities of its clients to the tune of Rs 1,400 crore
Crypto wrap: High volatility in market after SEC’s approval of Bitcoin ETFs (12-01-2024)
The crypto market witnessed many highs and lows during the week. Bitcoin touched its highest level in 22 months and soon wiped off the gains
Market regulator Sebi tweaks rule for onboarding investors in AIFs (12-01-2024)
Capital markets regulator Sebi on Friday tweaked the framework for on-boarding investors by Alternative Investment Funds (AIFs).
This came in view of amendments to the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005.
The Regulation 10(a) of AIF norms laid down the criteria for on-boarding investors whereby AIFs are allowed to garner funds from any type of investor -- Indian, foreign, or non-resident Indians -- through the issuance of units.
However, when on-boarding investors, the AIF manager must ensure that the investor or its beneficial owner is not listed in the sanctions list by the United Nations Security Council, Sebi said in its circular on Friday.
Additionally, the investor should not be a resident in a country identified by the Financial Action Task Force (FATF) as having strategic anti-money laundering or combating the financing of terrorism deficiencies, subject to countermeasures, or a jurisdiction making insufficient progress in addressing these ..