Ajoy K Das
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
Securities / Derivatives
India to Adopt International Audit Standards in Domestic Rules
01/09/2024
NFRA plans to adopt ISA 600 for all listed companies except those with government ownership. ICAI says this would concentrate audit work in the hands of a few large firms.
Fintech / Regtech
India Proposes Measures to Combat Spam Calls & SMS
31/08/2024
Complaints have surged about unregistered telemarketers, including those using auto-dialers or robo-calls for unsolited commercial communications.
Securities / Derivatives
RBI Introduces Scheme to Widen Green Bond Trading in GIFT City
30/08/2024
Eligible participants include persons residing outside India, IBUs of foreign banks, and certain regulated funds or schemes.
Securities / Derivatives
SEBI to Raise Net Worth Requirements for Merchant Bankers
30/08/2024
The current net worth requirement is around $6mn. SEBI proposes to raise this 10x for those handling main board issues.
Enforcement
SEBI Fines CDSL and Citibank for Separate Regulatory Violations
30/08/2024
Both settlement orders were passed on Tuesday, with SEBI saying it reserves the right to initiate further action against CDSL or Citibank.
Fintech / Regtech
RBI Grants Recognition to First SRO for Fintech Sector
30/08/2024
The RBI granted recognition to the ‘Fintech Association for Consumer Empowerment’, known as FACE.
Securities / Derivatives
SEBI Proposes to Mandate UPI Blocking Mechanism for Stock Trades
29/08/2024
Under the UPI block mechanism, investors only transfer funds to the broker after their shares are credited.
Fintech / Regtech
RBI Developing New Unified Platform to Facilitate Lending
28/08/2024
The so-called “Unified Lending Interface” will provide lenders digital access to customer data from land records and other sources.
Enforcement
SEBI Bans Anil Ambani from Securities Market for Five Years
27/08/2024
Billionaire industrialist Anil Ambani and others allegedly orchestrated a scheme to divert funds from Reliance Home Finance through loans to connected entities.
Securities / Derivatives
SEBI Proposes Revisions to Boost Appeal of Rights Issues
26/08/2024
SEBI aims to make rights issues the preferred route for additional fundraising by listed companies, compared to QIPs and preferential allotments.
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