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The regulator said stock brokers proposing to undertake securities market activities in GIFT-IFSC may do so under a separate business unit (SBU) of the stock broking entity itself.

The deal, expected to close in 15 months, gives Bajaj full control over its insurance businesses, allowing it to pursue new categories and inorganic growth. Also management will look into comprehensive licence for the two companies, once the insurance amendment legislation, the management informed analysts.

The longstanding managing director Rajeev Jain has now been appointed as vice chairman in the capacity as an ED effective April 1, and will be succeeded by Anup Saha as the new MD. Global brokerage Jefferies called this the smoothest possible succession .

Sebi, in collaboration with social media companies, has eliminated over 70,000 misleading posts and handles since October last year. To combat unregistered investment advisers, Sebi is proposing the use of the UPI Payright handle to clearly identify registered entities and protect investors from fraud.

Trump said there will be flexibility on tariffs and that his top trade chief plans to speak with his Chinese counterpart next week. The president also reiterated his plan to use duties as a way to narrow the U.S. trade deficit with China.

Sebi guidelines: Sebi has mandated registered intermediaries to verify their email and mobile numbers on social media platforms before publishing ads. This move aims to curb securities fraud and misleading investment promotions online, enhancing investor protection and market transparency.

SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 percent stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions.

Indian rupee: The Indian rupee strengthened past 86 against the US dollar on Friday, marking its best weekly gain in over two years. Strong dollar inflows, RBI intervention, and buoyant equity markets contributed to the appreciation, aided by FTSE index rebalancing inflows.

Sensex surged 557 points to 76,906, with four BSE financial stocks hitting 52-week highs. JSW Holdings, Manappuram Finance, Bajaj Finance, and Kotak Mahindra Bank posted strong gains over the past month.

NSE shares will become easily transferable via the delivery instruction slip (DIS) mechanism from March 24, reducing transfer timelines from six months to just 3-5 days. The move eliminates manual KYC and verification, streamlining transactions in the high-demand unlisted market.