The Reserve Bank of India (RBI) has introduced a comprehensive framework for recognising Self-Regulatory Organisations (SROs) in the Account Aggregator (AA) ecosystem. This framework outlines the eligibility criteria, governance structure, and responsibilities of SROs, aiming to enhance professional standards and best practices within the sector. Applications for recognition must be submitted via the PRAVAAH portal …
The White House has voiced concerns over the steep tariffs imposed on American goods by several nations, particularly India, Canada, and Japan. Addressing the issue in a recent press briefing, White House Press Secretary Karoline Leavitt criticised these high duties and emphasised President Donald Trump’s commitment to fair trade policies. Leavitt specifically highlighted the impact …
The Indian stock market, including Nifty50 and Sensex, will remain closed on March 14, 2025, in observance of the Holi festival. Trading will also be suspended across segments such as equity derivatives, securities lending and borrowing (SLB), currency derivatives, and electronic gold receipts (EGR) for the day. Upcoming Stock Market Holidays in 2025 This Holi …
The Indian mutual fund industry witnessed a sharp decline in Assets Under Management (AUM) in 5 years as a result of a downturn in the equity market and reduced inflows across most categories. According to data from the Association of Mutual Funds in India (AMFI), the industry’s AUM fell by ₹2.72 lakh crore in February …
JioHotstar, a part of Reliance group and the official digital broadcaster of the Indian Premier League (IPL) has announced a partnership with the Association of Mutual Funds in India (AMFI) for the upcoming tournament. This collaboration aims to leverage the league’s popularity to promote financial literacy and mutual fund investments to a wider audience. Partnership Details As …
Qualified Institutional Placements (QIP fundraising) in India reached an unprecedented high in 2024, despite ongoing market volatility. According to a study by real estate consultancy firm Anarock, QIP fundraising across sectors hit a historic peak, with 99 issues raising a total of ₹1,41,482 crore. This marks a staggering 75% increase from the previous record of …
A significant shift is emerging in the study-abroad preferences of Indian students. The latest data reveals a 13% decline in applications to the United States, a trend that has sparked concern among American universities and policymakers. Meanwhile, Russia, Germany, and France have recorded a substantial increase in Indian student enrolments. US Sees Decline Amid Policy …
Tata Technologies, the IT-enabled services subsidiary of the Tata Group, has announced key leadership restructuring to align with its strategic vision of supporting clients across various industries, including automotive, industrial heavy machinery, and aerospace. As reported by PTI, these leadership changes aim to enhance efficiency, drive transformation, and accelerate innovation for the company’s global client …
The Securities and Exchange Board of India (SEBI) has taken a significant step towards expediting the capital-raising process for companies by reducing the timeline for completing rights issues to 23 days. This move is aimed at making rights issues a faster and more efficient alternative to preferential issues, which typically take around 40 days. The …
The BSE Sensex closed at 74,029.76 down 72.56 points (-0.10%), while the Nifty 50 ended at 22,470.50, falling 27.40 points (0.12%). US President Donald Trump initially announced a plan to double tariffs on Canadian steel and aluminium imports but later reversed his decision within hours, as per news reports. Sectoral Performance NIFTY IT index experienced a …
