
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.

Structural Regulation
India Permits Direct Listings at GIFT City Exchanges
25/01/2024
Indian companies will be able to list on India INX and NSE International Exchange, according to a notification from the government.

Trading & Investment
$3.6b of Investments in AIFs Circumvent Regulations: SEBI
25/01/2024
The regulator has issued a consultation paper on proposals to enhance trust in AIFs and facilitate ease of doing business.

Anti-Money Laundering
India Expands Scope of Financial Services Offered in GIFT City
24/01/2024
Ministry of finance notifies book-keeping, accounting, taxation and financial crime compliance as services that can be offered in IFSC

Trading & Investment
India to Develop GIFT City Markets for REITs, InvITs
24/01/2024
Expert committee formed to recommend policy measures to facilitate the development of a REITs and InvITs ecosystem in GIFT City.

Structural Regulation
India to Allow Withdrawals from National Pension System
24/01/2024
The PFRDA will allow withdrawals up to 25 percent of subscriber’s contribution for specific purposes related to property, medical and business.

Credit Risk
RBI, SEBI Mull Exemptions on New AIF Investment Rules
23/01/2024
Exemptions from rules issued in December are being sought by lenders and funds for AIFs that are set up specifically to invest in distressed assets.

Liquidity Risk
SEBI Plans Comprehensive Stress Tests for Equity Funds
23/01/2024
Initial stress test data was found unsatisfactory. More stress tests are being planned especially for MF schemes with exposures to small and mid-cap stocks.

Trading & Investment
Bangladesh Lifts Floor Price Restrictions on Stocks
23/01/2024
BSEC initially set the restrictions to prevent a stock market free-fall, but the move prompted foreign fund managers avoiding the Bangladesh market entirely.

Trading & Investment
India’s IFSC Inks Pact for Hydrogen Trading Platform in GIFT City
22/01/2024
The collaboration will develop a Global Green Hydrogen Price Index that will serve as benchmark for price discovery.

Credit Risk
RBI’s Revised Norms on Fair Lending Practice Effective from April
19/01/2024
Starting April, lenders can impose reasonable penal charges only on the amount of loan under default in a non-discriminatory manner as per their board approved policy.
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