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
Posts in category Business Standard
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 ..
Nifty PSU Bank soars 3%; Bank of India, Union Bank, PNB, UCO rally up to 7% (12-01-2024)
At 02:35 PM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 3 per cent as compared to a 1.2 per cent rise in the Nifty 50
Sensex soars 850 pts, Nifty vaults 250 pts: What’s behind Friday’s rally? (12-01-2024)
The Sensex hit a record high at 72,721, while the Nifty registered a new peak at 21,928 in trades on Friday led by frenzied buying in IT shares.
Nazara Technologies surges 8%, hits 52-week high on healthy outlook (12-01-2024)
For the first half (April to September) of the financial year 2023-24 (H1FY24), Nazara had reported 13 per cent year-on-year (YoY) growth revenue at Rs 551.7 crore
Nifty FMCG may sink 6% if it breaks this level; Metal index rangebound (12-01-2024)
Traders are advised to keep a watchful eye on the 55,900-mark on the Nifty FMCG index
Stocks to Watch: TCS, Infosys, Tata Power, Nykaa, LIC, M&M,Ultratech Cement (12-01-2024)
Stocks to Watch on January 12, 2024: Crude oil jumped 2 per cent to $79 after the US and UK striked Houthi targets in Yemen in response to the Red Sea attacks
Gold price dips Rs 120 to Rs 62,830, silver unchanged at Rs 76,000 (12-01-2024)
The price of 22-carat gold slipped Rs 100, with the yellow metal selling at Rs 57,600
Sebi proposes changes to ease fundraising, disclosure for listed companies (12-01-2024)
The regulator proposes considering funds and insurance companies holding 5% in firms post-public offer as large non-public shareholders, as per the paper
Stock Market LIVE: Sensex up 300 pts, Nifty tests 21,750; Infy, TCS shine (12-01-2024)
Stock market Update, Friday, January 12: IT shares led the rally in early deals after Infosys and TCS reported Q3 earnings post market hours yesterday.