Synthetix activist investor ‘overhaul’ gathers 99% approval from SNX holders
Source: Coin Tegraph A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members. Read Full Article
Read More
MF Lite is here for passive funds: Sebi is making investing easier for you
Source: Business Standard 4 min read Last Updated : Oct 01 2024 | 10:34 AM IST The Securities and Exchange Board of India (Sebi) has approved a simplified regulatory framework for entities looking to launch passive mutual fund schemes. This ‘MF Lite’ framework aims to reduce compliance requirements and encourage new players in the market….
Sukanya Samriddhi Account to PPF: Guidelines for irregular small savings schemes effective today, October 1 | Mint
Source: Live Mint The Ministry of Finance has released new guidelines for regularising irregular accounts across various small savings schemes. These guidelines apply to multiple accounts, including NSS-87, PPF accounts for minors, and Sukanya Samriddhi schemes. All post offices and financial institutions must follow these procedures to ensure compliance and efficiency. This update was officially…
Bitcoin curious Michael Dell sells $1.2B worth of Dell stock
Source: Coin Tegraph Michael Dell, the seemingly Bitcoin-curious founder of his namesake tech firm, sold 10 million shares worth of his company for the second time in September. Read Full Article
BSE, MCX shares jump 6% after transaction fee revision for brokers
Source: Business Standard 3 min read Last Updated : Oct 01 2024 | 12:23 PM IST Shares of BSE and MCX soared up to 6 per cent in intraday deals on Tuesday. This comes as both the exchanges have hiked and introduced new transaction charges for brokers across various segments effective from today i.e October…
Upcoming IPO: Vikram Solar, Midwest files DRHP for IPO with SEBI | Stock Market News
Source: Live Mint Upcoming IPO: Vikram Solar Ltd and Midwest Ltd has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). India’s top producer of solar photovoltaic modules is Vikram Solar Limited, situated near Kolkata. When the DRHP was…
Singapore Airlines’ first co-branded card in India is here: Is it worth it?
Source: Business Standard Credit Card, Shopping(Photo: Shutterstock) 7 min read Last Updated : Oct 01 2024 | 11:18 AM IST SBI Card, India’s largest pure-play credit card issuer, in partnership with Singapore Airlines, the national carrier of Singapore, has launched the KrisFlyer SBI Card. This is Singapore Airlines’ first co-branded credit card in India….
Capital gains tax: Options for non-resident Indians after land sale | Mint
Source: Live Mint I am a non-resident Indian Citizen working abroad. I sold my agricultural land on 15 October 2022. As per Sec, I deposited the indexed capital gain in a capital gain account with a nationalised bank. 54B to purchase another agricultural land within two years from the date of sale. i.e. by 14th…
Decentralized physical infrastructure network (DePIN), explained
Source: Coin Tegraph Discover how DePINs work: DePINs allow the sharing of physical resources like data storage and connectivity without intermediaries. Read Full Article
SpiceJet stock Rise 6% after 8.5 million shares change hands on BSE
Source: Business Standard Spicejet(Photo: Shutterstock) 3 min read Last Updated : Oct 01 2024 | 11:14 AM IST SpiceJet share price jumped 5.80 per cent at Rs 67.40 per share on the BSE in Tuesday’s early morning trade. SpiceJet stock price surged after the Plutus Wealth Management acquired 8.5 million shares of SpiceJet, representing a…