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 Issues Guidelines on Preparation of Offer Documents
08/02/2024
Draft offer documents should be prepared in “simple language”. SEBI will return noncompliant documents to issuers for correction and resubmission.
Securities / Derivatives
India: IRDAI to Scrap Pre-approval Requirement for Insurer IPOs
07/02/2024
Seven different regulations for insurance companies are being merged to enhance ease of doing business.
Fintech / Regtech
India’s UPI Payment Service Launches in France
07/02/2024
The service will enable Indian tourists to make UPI-based payments across merchants in France.
Fintech / Regtech
India Issues Regulatory Framework for GIFT City Payment Services
06/02/2024
The regulations cover account issuance, e-money issuance, escrow, cross-border money transfer and merchant acquisition services.
Securities / Derivatives
SEBI Proposes to Allow AIFs to Pledge Equity Shares
06/02/2024
Consultation proposes to allow Category I and II AIFs to create encumbrances on equity holdings in infrastructure sector companies.
Securities / Derivatives
SEBI Considers Scrapping Security Deposit Required of Issuers
05/02/2024
An expert committee has recommended abolishing the requirement for equity issuers to keep a security deposit with the stock exchange.
AML / KYC
Telecom Breach Exposes Personal Information of 750 Million Indians
05/02/2024
Billed as biggest ever leak of its kind, the breach has exposed names, mobile phone numbers, addresses and Aadhaar card numbers.
Fintech / Regtech
RBI Issues Directive on Streamlining Internal Compliance Monitoring
01/02/2024
A review found that internal compliance monitoring is still carried out with “significant manual intervention”.
Securities / Derivatives
India’s IFSCA Issues Eligibility Criteria for Accredited Investors
30/01/2024
The GIFT City regulator has specified criteria for individuals, sole proprietorships and other investment entities who can be deemed accredited investors.
Securities / Derivatives
SEBI Extends Deadline for Market Rumour Verification Rule
29/01/2024
The regulator said the extension was necessary to finalise industry standards and implement certain legal amendments.
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