In a momentous MSCI repositioning, India has supplanted China in the MSCI EM Investable Market Index (IMI) on 4th September. This pivotal alignment positions India as the largest weight in the index, validating its rising credentials in global financial markets. India is also on the precipice to outweigh China in the broader MSCI Emerging Markets Index, signaling the growing allure of its domestic capital market.
"SBI Chairman C.S. Setty, while speaking at the Financial 3.0 Summit organised by the Confederation of Indian Industry, pronounced SBI's intent to reconfigure MSME lending protocols from a collateralized framework to a cash flow-based framework, secured by credit guarantees for MSME loans of up to Rs 5 crore.
Madhabi Puri Buch, Chairperson of the capital markets regulator SEBI, revealed at a CII Summit that single corporate filings on stock exchanges are soon going to be reality. This will facilitate streamlined and uniform disclosure filing systems across all exchanges .
Sebi has drafted new criteria for entry and exit clauses in the derivatives segment. The new standardized framework has raised the medium quarter Sigma order size(MQSOS) over the previous three months by three times ,the minimum market wide position limit(MWPL) by three times and the minimum average delivery value by 3.5x.
Paytm's subsidiary, Paytm Payments Services Ltd (PPSL), has secured approval from the Ministry of Finance for investment from the parent company , a crucial step towards obtaining a payment aggregator (PA) license. In a stock exchange filing, One97 Communications Ltd (OCL), the parent company of Paytm, announced that PPSL received the approval on August 27, 2024. This move allows PPSL to proceed with its application