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"All financial sector players are very strongly regulated and when it comes to fintech they are the other extreme; so there has to be some middle path," Khara said. "As a banker we will consume the solutions offered by them. So, a partnership between the two can go a long way. They have also acknowledged this reality and now they are becoming part of this ecosystem. But, I believe, there should be adequate appreciation of the regulatory regime in which they operate."

It will also have to communicate the same to its clients within 15 days of the order or the request. It should not take any fresh mandates and allow its clients to withdraw any assignment given to it, without any additional cost to such clients. The rating agency should facilitate an orderly migration of assignments as desired by clients to other credit rating agencies (CRA).

“The pressure on the Fed is high,” said Diane Swonk, chief economist at KPMG LLP. The report likely means the Fed will raise by three-quarters of a percentage point at the year’s final two meetings, she said, which would mark five straight increases of that magnitude.

Bank Nifty weekly expiry option chain reflects on PE writers building positions at 37500 strikes - overall more than 40 thousand contracts and fresh additions of 30 thousand contracts. CE writers add up exposures of over 50 thousand contracts at various strikes from 39000-42000 zones, thereby hinting the on a very broad range for the index.

"The Nifty breached the psychological 17,000 multiple times before closing above it in the final hour," Rupak De, Senior Technical Analyst at LKP Securities, said.

The board of the stock exchange will have to prescribe the procedure, frequency, and quorum for the meetings of the council as well as guidelines for handling potential conflict of interest, if any. The council would meet as frequently as required with a minimum of four meetings in a financial year.

The software major reported a 23.4 per cent YoY jump in consolidated revenue and an 11 per cent rise in the net profit to Rs 6,021 crore.

Both the topline and bottomline were above ET Now poll of estimates of Rs 3,320 crore and Rs. 476 crore, respectively.

The wealth firm saw a net flow of Rs 2,474 crores during April-September 2022, which is more than double compared to the net flows of Rs 1,202 crores in the same period the previous year. The company reported a consolidated net profit of Rs 83 crores for April – September 2022

The Bengaluru-based startup expects to list on the Nasdaq as Zoomcar Holdings Inc after being acquired by Innovative International Acquisition Corp in the first half of 2023.