The Securities and Exchange Board of India (SEBI) has reduced the minimum issue size to Rs 50 lakh from Rs 1 crore in case of public issuance of Zero Coupon Zero Principal Instruments (ZCZP).
This has been done to provide impetus to fundraising by Not for Profit Organizations (NPOs) on the Social Stock Exchange.
Capital markets regulator, the Securities and Exchange Board of India (SEBI) aims to introduce same-day settlement (T+ 0) of trades on stock exchanges by March 2024 and eventually have real-time settlement.
T+0 refers to the same-day settlement of trades and instantaneous settlement means settling the transactions on a real-time basis.
SEBI Chairperson: Madhabi Puri Buch
BSE has put in place fresh guidelines for small and medium enterprises looking to migrate from its SME platform to the main board, whereby the applicant will be required to have a net worth of at least Rs 15 crore for the preceding two financial years.
Under the guidelines, the applicant firm needs to be listed on the SME platform for at least three years.
RBI has extended the Payments Infrastructure Development Fund (PIDF) scheme by another two years till December 31, 2025. It will now include beneficiaries of the PM Vishwakarma scheme.
RBI governor Shaktikanta Das said that the PIDF scheme had enabled over 2.66 crore new payment touchpoints in India since its launch.
The ratio of insured deposits to assessable deposits in the banking system declined to 46.31 per cent in FY2023 from 49 per cent in FY2022 as customers, lured by attractive deposit rates, placed larger deposits (over and above the Rs 5 lakh deposit insurance cover) with banks, going by latest Deposit Insurance and Credit Guarantee Corporation (DICGC) data.
Malaysia will scrap entry visa requirements for Indian citizens visiting the nation beginning the 1st of December, 2023. Now, Indian nationals may stay for up to 30 days visa-free in Malaysia.
Along with Indian citizens, Chinese nationals will also be allowed visa-free entry from December 1st.
Malaysia capital: Kuala Lumpur
Malaysia currency: Malaysian Ringgit
Prime Minister Narendra Modi will be on a two day visit to Dubai, UAE from 30th November to attend the World Climate Action Summit.
The Summit is the High-Level Segment of the 28th Conference of Parties , COP-28 to the United Nations Framework Convention on Climate Change, UNFCCC.
COP-28 is being held from 28th November to 12th December under the Presidency of the UAE.
The 54th International Film Festival of India in collaboration with UNICEF is screening five films that deal with child rights. Out of five films, two are from India and three are from Iran and Sri Lanka.
Two Indian films include national award-winning Bengali film Damu, directed by Raja Sen and
the second Indian film is Manish Saini-directed Gujarati movie ‘Gandhi &Co.'
IndiGo has launched an AI chatbot, 6Eskai, which addresses customer queries in 10 languages and offers a unique ticket booking platform.
The chatbot, powered by GPT-4 technology, has reduced 75% of customer service agent workload.
With 1.7 trillion parameters, it can answer frequently asked questions and perform various functions, including flight bookings, discount, etc.
Mumbai-based Fino Payments Bank has received approval from the Reserve Bank of India (RBI) for the appointment of Rajat Kumar Jain as Part-time Chairman of the Bank.
He is the Founder Director of PadUp Ventures, a knowledge and mentoring platform, which provides deep mentoring and incubation services to early stage tech startups across sectors including Fintech.
Rishi Gupta, Managing Director & Chief Executive Officer of Fino Payments Bank.
S&P Global Ratings, Monday, revised India’s growth forecast for FY24 upward to 6.4% from 6% projected earlier as robust domestic momentum seems to have offset headwinds from high food inflation and weak exports.
The rating agency also lowered the FY25 growth estimate by 0.5 percentage points to 6.4%. It expects the economy to bounce back to 7% growth in FY26 and FY27.
HDFC Bank has approved the appointment of former NABARD chairman Harsh Kumar Bhanwala as an additional independent director.
It also approved the appointment of V Srinivasa Rangan, chief financial officer of erstwhile Housing Development Finance Corporation Ltd, as executive director for three years with effect from November 23, 2023