NSE sues Singapore Exchange in the Bombay HC over India product launch

News

NSE sues Singapore Exchange in the Bombay HC over India product launch The NSE is trying to stop SGX from launching derivatives that could replace the Nifty 50 contracts that have traded in the city-state for 18 years.The National Stock Exchange (NSE) has sued the Singapore Exchange (SGX) in the Bombay High Court, escalating a […]

SEBI to ease norms for MF in derivative investment by raising cap on F&O

SEBI

SEBI to ease norms for MF in derivative investment by raising cap on F&O Sebi has also reached out to other regulators including RBI, IRDAI asking them to consider relaxing the derivative investment rules for institutions under their jurisdictions Market regulator the Securities and Exchange Board of India (Sebi) is planning to ease the norms […]

Cabinet may consider amendments to Insolvency & Bankruptcy Code today

News

Cabinet may consider amendments to Insolvency & Bankruptcy Code today The government plans to promulgate an Ordinance to give effect to these changes since Parliament is not in session.The Cabinet is likely to consider amendments to the Insolvency and Bankruptcy Code (IBC) on Wednesday.The government plans to promulgate an Ordinance to give effect to these […]

Shell Cos: I-T Dept to File Pleas in NCLT to Recover Tax Dues

Income Tax

Shell Cos: I-T Dept to File Pleas in NCLT to Recover Tax Dues The income-tax department is an “aggrieved creditor” to many deregistered shell companies and will petition the National Company Law Tribunal (NCLT) to recover tax dues of crores of rupees. The Central Board of Direct Taxes (CBDT) has directed the I-T department to […]

McAfee Working on Security Solutions for Digital Wallets

News

McAfee Working on Security Solutions for Digital Wallets Cybersecurity company McAfee, which has a quarter of its global workforce based in Bengaluru developing security solutions, is now building security features to protect digital wallets from frauds and scams. “India has a large number of wallets when compared to other countries. While these wallets are expanding […]

Overseas funds set date with Sebi on foreign portfolio investor circular

SEBI

Overseas funds set date with Sebi on foreign portfolio investor circular Watchdog’s document on foreign portfolio investors says that the ultimate beneficiary of a fund will be determined by both shareholding and control Overseas investors plan to meet market regulator Securities and Exchange Board of India (Sebi) this week to seek clarity and highlight lacunae […]