Ajoy K Das

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    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.

    Articles by Ajoy K Das

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    Market Infrastructure

    GIFT City IBUs Directed to Offer Internet Banking Within Six Months

    25/04/2024

    IFSC Banking Units in GIFT City are asked to benchmark their internet banking services against top global banks in Singapore and Hong Kong.

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    Securities / Derivatives

    SEBI Finds Violations by Offshore Funds Invested in Adani Group

    24/04/2024

    12 offshore funds violated disclosure rules and breached investment limits. Eight of these funds are trying to settle with SEBI.

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    Fintech / Regtech

    India Explores Measures to Address Duopoly in Mobile Payments Market

    23/04/2024

    Google Pay and PhonePe together account for nearly 86% of UPI transactions by volume. Support and incentives are being considered for smaller players.

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    Securities / Derivatives

    SEBI Proposes Framework for Price Discovery of Investment Companies

    22/04/2024

    A special call-auction may be enabled for listed investment companies and investment holding companies.

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    Crypto / Digital Assets

    Binance, KuCoin to Return to India as Compliant Crypto Exchanges

    19/04/2024

    Binance will pay a $2mn penalty and return to India as a registered firm. Kucoin announced its return last month.

    India Working on New Corporate Insolvency Frameworks

    18/04/2024

    Frameworks for cross-border and group insolvencies are expected to come into effect after India’s national elections are over in June.

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    Fintech / Regtech

    RBI Proposes New Regulations for Payment Aggregators

    18/04/2024

    The proposed regulations stipulate new net worth requirements for payment aggregators facilitating face-to-face transactions.

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    Securities / Derivatives

    India to Establish Panel of Regulators to Assess Derivatives Risks

    17/04/2024

    The panel will be set up to assess potential systemic risks emerging from a surge in derivatives trading in India.

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    Capital / Liquidity

    RBI Issues Directions to Foster Loan Pricing Transparency

    17/04/2024

    All regulated entities will have to provide a Key Facts Statement to borrowers of retail and MSME loans from 1 October 2024.

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    Securities / Derivatives

    RBI Permits Use of GIFT City OTC Segment to Hedge Gold Price Risk

    17/04/2024

    Resident entities can hedge gold price risks using OTC derivatives in GIFT City, in addition to exchange-traded derivatives.

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