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Erstwhile Indiabulls Asset Management Company (now known as Groww AMC), its schemes and former officials on Wednesday settled a case with Sebi pertaining to alleged violations of alternative investment fund rules after collectively paying Rs 1.43 crore. The case pertains to applicants allegedly violating the AIF Regulations way back in 2017. In 2023, Indiabulls AMC… Continue reading Indiabulls AMC, others settle AIF rules violations case with Sebi, pay Rs 1.43 cr

Backed by strong government support, progressive regulatory frameworks, and world-class infrastructure, Gujarat International Finance Tec-City (GIFT City) strategically located between Ahmedabad and Gandhinagar was introduced as India’s International Financial Services Centre (IFSC), to become a global financial hub like Singapore, London, and New York HOW DID GIFT CITY GAIN GLOBAL ATTENTION? In 2023, following the… Continue reading IS GIFT CITY INDIA’S NEW INVESTMENT MAGNET?

A dozen domestic equity funds focused on international equities, which have handsomely outperformed Indian counterparts, are now open for fresh subscriptions. After regulatory caps had kept inflows restricted, investors once again have the chance to participate in global themes that have delivered as much as 31% returns over the past year far ahead of the… Continue reading Mutual funds betting on global markets outpace local equities — here are the funds open for Indian investors

Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, the Central Board of Indirect Taxes and Customs (CBIC) clarified on Tuesday.The move comes ahead of the implementation of the new GST slab… Continue reading GST Reforms: No input tax credit on commission for individual health, life insurance policies from Sept 22; insurers to bare costs

Tata Asset Management has received IFSCA approval to launch Tata India Dynamic Equity Fund at GIFT IFSC. The fund is an inbound retail fund and has a minimum investment ticket size of USD 500. The fund house, in a press release, said that the fund offers global investors a seamless gateway to India’s vibrant equity… Continue reading Tata Asset management is all set to launch Tata India Dynamic Equity Fund at GIFT City

India’s high-net-worth (HNW) families are playing a growing role in impact investing; however, their contributions remain fragmented, inconsistent, and insufficient to bridge the country’s widening social finance gap, according to a new report released by Waterfield Advisors and the Impact Investors Council (IIC). The report, ‘From Legacy to Leverage: India’s Family Wealth and its Role… Continue reading High-net-worth families hold key to bridging India’s ₹14-lakh crore social finance gap: Report

BlackRock Inc.’s India venture with billionaire Mukesh Ambani’s group expects the nearly $900 billion local mutual fund industry to expand up to threefold over the next seven years, fueled by record inflows from domestic investors and a robust economy. Participation in Indian financial markets is starting to increase rapidly, much of that driven by digital… Continue reading Jio BlackRock sees India mutual fund industry tripling by 2032

OYO’s premium brand, Sunday, is preparing for a major expansion with its OYO’s Sunday Hotels 2025 growth strategy. The brand plans to launch 40 upscale properties, including 4-star and 5-star hotels, across India in the financial year 2025-26. This move highlights OYO’s commitment to integrating global hospitality expertise with localised operations and modern technology, delivering a superior guest experience. Gujarat, Uttar… Continue reading OYO’s Sunday Hotels 2025: Premium Brand Plans 40 New Hotels Across India

CKG Nair The minimum public offer (MPO) and the minimum public shareholding (MPS) norms are seeing yet another round of interesting changes. One of the important regulatory-policy steps taken by the Securities and Exchange Board of India (Sebi) board on September 12 is to go for a fine, granular calibration of these norms. Both the… Continue reading An enabler for big unlisted firms

The Securities and Exchange Board of India (Sebi) has planned a slew of further relaxations to facilitate easier registrations of foreign portfolio investors (FPIs), including a common know-your-client (KYC) and smoother documentation through India digital signature. Over the last year, the market regulator has taken several measures to make the onboarding of FPIs smoother. These… Continue reading FPI onboarding: Sebi hints at more respite