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Source: Live Mint Top News The National Payments Corporation of India (NPCI) has announced a significant change to its Unified Payments Interface (UPI) transaction limit. Effective from September 16, 2024, the UPI transaction cap has been raised to ₹5 lakh per transaction. This increase aims to further bolster India’s push toward a more robust digital…
Source: Business Standard Overseas funds are piling money into Indian stocks, marking a strong return to the $5 trillion market. Image: Bloomberg 4 min read Last Updated : Sep 21 2024 | 9:01 AM IST By Abhishek Vishnoi and Winnie Hsu Overseas funds are piling money into Indian stocks, marking a strong return to the…
Source: Business Standard Additionally, the revenue generated from its debt business in FY 2023-24 accounted for only 5 per cent of the company’s total income (Photo: Reuters) 2 min read Last Updated : Sep 20 2024 | 2:32 PM IST Axis Capital on Friday said it is exploring legal remedies against markets regulator Sebi’s…
Source: Business Standard 2 min read Last Updated : Sep 20 2024 | 9:11 PM IST Axis Bank has said that Axis Capital’s (ACL’s) activities were bona fide and in compliance with all applicable regulatory provisions, following Securities and Exchange Board of India’s (Sebi’s) bar on ACL from merchant banking in the debt segment….
Source: Live Mint Capital market regulator Securities and Exchange Board of India (SEBI), on Friday, allowed mutual funds to buy and sell credit default swaps (CDS) to improve liquidity in the corporate bond market. “It has been decided to allow greater flexibility to mutual funds to both buy and sell CDS with adequate risk management,”…
Source: Business Standard 2 min read Last Updated : Sep 20 2024 | 6:39 PM IST Sebi allows mutual funds to buy, sell credit default swaps New Delhi, Sep 20 (PTI) Markets regulator Sebi on Friday allowed mutual funds to both buy and sell Credit Default Swaps (CDS), a move aimed at increasing liquidity…
Source: Live Mint Adani Energy Solutions, part of Adani Group, has had a volatile 2024, with the stock down over 6 percent YTD. In the last one year, it gained just 14.5 percent. Despite this lacklustre performance, brokerage firm Cantor sees potential multibagger returns for the stock. It has initiated a call on the Adani…
Source: Business Standard 2 min read Last Updated : Sep 20 2024 | 5:09 PM IST LIC Mutual Fund plans to launch smaller ticket-size systematic investment plans (SIPs) of Rs 100 by the first week of October, said RK Jha, managing director and chief executive officer. The decision comes at a time when…
Source: Live Mint Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday tracking positive cues from global peers. The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 25,530 level, a premium of nearly 40 points…
Source: Business Standard 3 min read Last Updated : Sep 19 2024 | 7:22 PM IST Flexi-cap funds are back on investors’ radars. In August 2024, they recorded net inflows of Rs 3,513 crore, the highest among diversified-equity schemes. With Indian stock markets at record highs and valuations at elevated levels, investors are turning…
