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Regulators came late to the fast evolving cross-border world of cryptoassets but they could come up with their first global framework of rules within months, a senior official said on Wednesday.

GLOBAL-Better risk sentiment help antipodeans, but traders wait for U.S. inflation data

Borrowing cost for MFIs set to rise by 200-400 bps

Updated at : 2022-02-10 07:25:01

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Stress in the bottom of the social segment still remains high with about 5% borrowers whose businesses were dependent on the tourism and education sectors facing cash-flow challenges.

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Sebi said the decision has been taken after taking into account the recommendation of Mutual Fund Advisory Committee and the feedback received from the industry and has come out with detailed outline for role, responsibility, membership and other features of the Audit Committee of AMC.

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More than a month after extending the deadline to meet the card-on-file (tokenisation) rules, Reserve Bank of India last week held a meeting with top merchants and payment aggregators to gauge their preparedness, two people aware of the development told ET.

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About 40% of such disbursements came from tier-1 cities while the rest has come from other cities and towns. The average ticket size of such loans is said to be at Rs 34 lakh.

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Capital markets regulator Sebi on Wednesday came out with a framework for conversion of a private listed Infrastructure Investment Trust (InvIT) into a public InvIT. In addition, the regulator has issued guidelines for converting a private unlisted InvIT into a private listed one.

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Revenue from operations declined by 1 per cent to Rs 6,002.2 crore as against Rs 6,064.8 crore in the same period of last financial year, Aurobindo Pharma said in a statement.

Wall Street opens higher on Big Tech boost

Updated at : 2022-02-09 21:25:01

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The Dow Jones Industrial Average rose 152.12 points, or 0.43%, at the open to 35,614.90.

In another transaction, IIFL Wealth Prime sold 36 lakh units of India Infrastructure Trust at Rs 98.50 per share, bulk deal data published on BSE showed.

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