In a significant move, the Reserve Bank of India (RBI) has begun insolvency proceedings against Aviom India Housing Finance, a housing finance company based in New Delhi. This step comes after concerns over the company’s governance practices and mounting payment defaults. The RBI’s decision to initiate corporate insolvency resolution underlines the seriousness of the issues …
Starting February 1, 2025, the National Payments Corporation of India (NPCI) will enforce a new directive prohibiting special characters in UPI transaction IDs. This move aims to standardise transaction processing and enhance security across payment platforms. UPI apps that fail to comply will see their transactions declined by the central system. Security Risks of Special …
The Indian stock markets, typically closed on weekends, will remain open for trading on Saturday, February 1, 2025. This special arrangement coincides with Finance Minister Nirmala Sitharaman’s presentation of the Union Budget 2025. Why Are Stock Markets Open on February 1, 2025, Saturday? The decision to keep the markets open on a Saturday is not …
On January 30, 2025, the BSE Sensex ended in green closing at 76,759.81, up by 0.30% and the NSE Nifty50 closed at 23,249.50, up by 0.37%. Sectoral Performance On Thursday, Nifty Consumer Durables, Nifty Midsmall IT & Telecom and Nifty Media ended in the red. Nifty Realty, Nifty Oil & Gas, and Nifty Midsmall Healthcare ended in …
The Securities and Exchange Board of India (SEBI) has introduced stricter regulations regarding associations between registered market participants and unregistered financial influencers. These measures aim to safeguard investors from misleading advice and unwarranted claims of guaranteed returns. SEBI’s new guidelines place clear restrictions on how regulated entities engage with influencers, directly or indirectly. Prohibition on …
The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated, following a series of rate cuts since September 2024. In the past three months, the Fed had reduced …
On January 29, 2025, the BSE Sensex ended in green closing at 76,532.96, up by 0.83% and the NSE Nifty50 closed at 23,163.10, up by 0.9%. Sectoral Performance On Wednesday, Nifty FMCG ended in the red. Nifty Midsmall IT & Telecom, Nifty Realty and Nifty Midsmall Financial Services ended in green. Top Gainers and Losers On Wednesday, …
In a significant move to enhance the entrepreneurial landscape of Jammu & Kashmir, the Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with the Jammu & Kashmir Entrepreneurship Development Institute (JKEDI). The recently signed Memorandum of Understanding (MoU) focuses on fostering innovation, providing mentorship, and offering infrastructural support to startups within the …
The Securities and Exchange Board of India (SEBI) has launched a web-based portal, Integrated SEBI Portal for Technical Glitches (iSPOT), for reporting technical issues faced by stock exchanges and other market infrastructure institutions (MIIs). This new system aims to streamline the submission of preliminary and final Root Cause Analysis (RCA) reports and establish a centralised …
The Securities Appellate Tribunal (SAT) has upheld the order issued by the capital market regulator against the SME company Trafiksol ITS Technologies, directing it to refund investors money following its successful initial public offering (IPO). SAT Decision on Trafiksol’s appeal In a ruling issued on Tuesday, the appellate authority rejected the appeal filed by the …
