INDIA

Enforcement

SEBI Penalises Former Exec of Axis Axis Asset Management Company

By Mark Johnston | 12/07/2025

The former executive was found to have recommended specific stocks to relatives that closely resembled trades executed by Axis Mutual Fund.

Enforcement

Indian Court Dismisses Xiaomi’s Plea Against ED Action in FEMA Case

By Nithya Subramanian | 11/07/2025

The Madras High court has allowed adjudication proceedings to continue, saying its interference in the case would be premature.

Fintech / Regtech

BRICS Advances SWIFT Alternative Plan, Taps Indonesia’s QRIS for Pilot

By Manesh Samtani | 11/07/2025

The BRICS group has tasked finance ministers with developing a cross-border payment system, but analysts point to significant technical and geopolitical hurdles.

Securities / Derivatives

India’s MCX Launches New Electricity Futures Contracts

By Nithya Subramanian | 11/07/2025

The new product offers a structured risk management tool for the power sector, industrial users, and investors.

Securities / Derivatives

SEBI Proposes Expanded Business Scope for Credit Rating Agencies

By Editors | 10/07/2025

The proposal would allow credit rating agencies to rate instruments like unlisted securities, but requires strict operational separation and clear disclaimers to investors.

Securities / Derivatives

RBI Consults on Novation Framework for OTC Derivatives

By Nithya Subramanian | 10/07/2025

The new framework aims to standardise practices, strengthen risk management, and enhance transparency in the OTC derivatives market.

Enforcement

Nehal Modi Arrested in US, Faces Extradition to India over $1.5B PNB Scam

By Nithya Subramanian | 09/07/2025

Nehal Modi is accused of laundering money, destroying evidence, and intimidating witnesses in connection with one of India’s biggest banking frauds.

Securities / Derivatives

India’s NSDL and CDSL Launch Proxy Advisory Integration

By Nithya Subramanian | 09/07/2025

The two depositories have launched a new electronic voting feature that integrates proxy advisory recommendations, enabling retail investors to make informed decisions.

AML / KYC

India’s MCA Revises Norms to Strengthen Corporate Compliance

By Nithya Subramanian | 09/07/2025

The new form mandates stricter disclosure norms, geotagging of offices, and professional certification to ensure active company status and combat shell entities.