India

Securities / Derivatives

India: Two FPIs Seek Extension to Comply With New Disclosure Rule

By Ajoy K Das | 10/09/2024

Two Mauritius-based FPIs suspected of being linked to Adani Group have asked for six more months to comply with SEBI’s beneficial ownership disclosure rules.

India to Require Pre-Approval for Mergers Involving Foreign Firms

By Ajoy K Das | 10/09/2024

The RBI’s approval will be required for merger and amalgamation deals involving foreign companies starting 17 September.

Securities / Derivatives

India’s IFSCA Proposes Rules for CP, CD Issuance in GIFT City

By Ajoy K Das | 10/09/2024

The introduction of CP and CD products is expected to attract more foreign and NRI investors to participate in GIFT City.

Securities / Derivatives

SEBI Employees Demand Resignation of Chairperson

By Ajoy K Das | 09/09/2024

About 200 employees held a “silent march” in front of SEBI’s headquarters to call for the resignation of chairperson Madhabi Buch Puri.

Sanctions

US Issues Sanctions Targeting Russia’s Arctic LNG 2 Project

By Editors | 08/09/2024

Two Indian companies were sanctioned for owning and managing a vessel that engaged in “deceptive shipping practices”.

Sanctions

Russian Business With India is ‘Booming’, Says Sberbank Exec – Report

By Editors | 06/09/2024

Sberbank executive said Russia is able to import anything it needs from India, with most transactions only taking a few hours to complete.

Market Infrastructure

IFSCA Proposes Rule Changes for GIFT City Market Infrastructure

By Ajoy K Das | 06/09/2024

The changes are aimed at ensuring robust governance standards at GIFT City’s two stock exchanges, two clearing corporations and one depository.

Securities / Derivatives

StanChart Completes First Gold Price Hedge Deal in India’s GIFT City

By Ajoy K Das | 05/09/2024

Standard Chartered Bank completed an OTC derivatives deal in GIFT City worth $4mn for hedging gold prices.

Securities / Derivatives

India IFSCA Issues New Listing Regulations for GIFT City

By Ajoy K Das | 04/09/2024

The regulations specify requirements for Indian and foreign companies seeking to list debt and equity securities (including SPACs) in GIFT City.