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At the interbank forex market, the local unit opened flat at 82.60 against the greenback and witnessed an intra-day high of 82.40 and a low of 82.71.

The Securities and Exchange Board of India (SEBI) is considering reducing the size of REITs, allowing them to hold just a single asset or a diversified portfolio, to increase supply and flexibility for investors, said the official.REITs in India must now have a minimum asset value of 5 billion rupees ($60 million). The possibility that SEBI may lower the minimum has not been reported previously.

Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage. Government does not register foreign crypto exchanges, he added.Regarding 1% TDS mandate, the CBDT administers direct tax laws like the Income Tax Act, 1961, Prohibition of Benami Property Transactions Act, 1988, Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 etc, it added.

The debentures are proposed to be listed on BSE. Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.

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Technology heavyweights led the Nikkei higher, with chip making equipment maker Tokyo Electron rising 1.9% to provide the biggest boost to the index. Wafer maker Shin-Esu Chemical gained 3.01%, while air-conditioning maker Daikin Industries rose 1.18%.

“The company’s financials are good in the sense that they generate a good amount of free cash flow but on the other hand, when I compare FY22 to FY23, the growth is not that meaningful. The company’s margins are very low in the sense that it is a dealership business at best which has no moat but at the same time, a lot of premiumisation is happening in the economy.”

The index had rallied more than 1% on Tuesday as equities globally received a boost from softer-than-expected U.S. inflation data that raised hopes of the Fed shifting to smaller rate hikes.

Catering exclusively to the financial services & technology industry, Finbridge Expo has become a mainstream platform for many financial service providers to showcase their products and services. The event would be held from December 17-18 at Nehru Centre, Worli, Mumbai from 17th – 18th December.

“The Fed is likely to temper the pace of its rate hike and it will be good news for the world at large.More importantly, the dollar strength which has led to so much rupee weakness, might also ease. We are stepping into the New Year with the war against inflation not won but certainly many battles have been won.”