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 Rejects NSE Proposal for Extended Trading Hours
08/05/2024
SEBI cited a lack of feedback from the stock broking community. NSE has now shelved its extended time frame plan.
Securities / Derivatives
India to Update Listing Rules for GIFT City Exchanges
08/05/2024
The proposed listing regulations take into account standards from IOSCO and best practices from other jurisdictions.
Securities / Derivatives
RBI Adjusts Bank Capital Market Exposure Norms
07/05/2024
The RBI said the move to T+1 settlement prompted a review of the existing guidelines on the issuance of IPCs by banks.
Capital / Liquidity
RBI Allows Standalone Primary Dealers to Borrow Forex
06/05/2024
Standalone primary dealers can now borrow FX from their parent companies and other authorised entities.
Securities / Derivatives
India Allows Non-Bank FPIs to Issue Derivatives in GIFT City
06/05/2024
Non-bank FPIs including AIFs are expected to start issuing derivatives in GIFT City and offering them to international investors.
Securities / Derivatives
SEBI Revamps Supervisory Framework for Analysts, Advisers
05/05/2024
Under the new framework, stock exchanges can apply to be recognised as administrative and supervising bodies for research analysts and investment advisers.
Capital / Liquidity
RBI Proposes Higher Provisions for Projects Under Construction
05/05/2024
The RBI proposes to require higher provisions for financing of projects in the construction phase, even if not overdue or stressed.
Securities / Derivatives
SEBI Eases Rules to Enable Digital Onboarding by Portfolio Managers
04/05/2024
A requirement for distributors of portfolio management services to register with the APMI is also being mandated.
Securities / Derivatives
SEBI Allows NRIs, OCIs to Fully Own GIFT City FPIs Entities
03/05/2024
Non-resident Indians and overseas citizens of India will be allowed to own up to 100 percent in FPIs, compared to just 50 percent previously.
Fintech / Regtech
RBI Updates Expectations on Operational Risk Management
03/05/2024
The updated guidance note better aligns with the BCBS principles and extends applicability to regulated entities beyond just banks.
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