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.
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.
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.
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.
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.
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.
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.
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.
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.
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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