Based in India, Ajoy is a financial and industrial journalist with three decades of experience with leading print media brands in the country and global news agencies like Reuters. Over the years, he has covered major Indian heavy manufacturing industries like mining and metals, energy, chemicals and petrochemicals, and financial markets with a focus on equities and regulation.
Securities / Derivatives
SEBI Allows Full NRI, OCI Participation in GIFT City FPIs
28/06/2024
New rule to boost FPI investment in IFSC allows 100 percent aggregate contributions from NRIs, OCIs and RIs.
Capital / Liquidity
RBI Revises Framework for Currency Swap With SAARC Countries
28/06/2024
The new window under this framework offers concessions to support swap in Indian rupees. The total corpus for this support amounts to USD 3 billion.
Securities / Derivatives
SEBI Offers Flexibility in Trading Plan Norms for Insiders
28/06/2024
The regulator has reduced the cooling-off period between disclosure and implementation of trading plan from six to four months.
Securities / Derivatives
Bangladesh’s First ETF Launch Delayed Due to Poor Investor Interest
27/06/2024
LankaBangla Asset Management seeks further extension of subscription period after funds collected fall short of minimum requirement.
Market Infrastructure
SEBI Revises Oversight Framework for Stock Exchanges
26/06/2024
The new framework aims to enhance governance by clearly defining the structure and responsibilities of various statutory committees.
Securities / Derivatives
India Mulls Higher Tax for Derivatives to Deter Retail Investors
25/06/2024
Proposals include a tax that would be deducted at source and a 30 percent capital gains tax, like what was introduced for crypto.
Capital / Liquidity
RBI Revises Priority Sector Lending Guidelines for Banks
24/06/2024
The revisions aim to encourage banks to incentivise lending in underserved areas and discourage lending in districts with already high loan sizes.
Securities / Derivatives
SEBI Tightens Norms for IPO Price Discovery Process
24/06/2024
The order entry window of the pre-open call auction session for IPOs will end randomly during the last ten minutes.
Fintech / Regtech
Indian Banks Delayed in Joining Bharat Bill Pay System
21/06/2024
Several major banks have not yet gone live on the BBPS despite a 30 June deadline for credit card payments to be processed on the interface.
Securities / Derivatives
SEBI Extends Ban on JM Financial to One Year
21/06/2024
SEBI initially barred JM Financial in March from acting as lead manager for any new public issue of debt for 60 days. The ban is extended until 31 March 2025.
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