Individual mutual fund investors and demat account holders must comply with the Securities and Exchange Board of India (Sebi) directive and submit nomination declarations or opt out of nominations before December 31, 2023. Kashmira Kalwachwala, Head of Investor Services, Tata Asset Management, said, “As we approach the deadline set by Sebi for adding nominees to … Read more
With increasing reliance on digital transactions, the Unified Payments Interface (UPI) has become a popular and convenient method for money transactions. However, this convenience also comes with the risk of fraud. As we step into 2024, it’s crucial to be proactive in protecting financial information and ensuring a secure digital payment experience. There are several … Read more
India’s capital market regulator has proposed discontinuing the current practice of an advance transfer of funds to stockbrokers before secondary market trades are executed. Such a move will prevent misuse of client funds, brokers’ defaults and the consequent risk to investors’ capital, the regulator said in a discussion paper to seek views before it finalises … Read more
The four arrested persons include – Kanti Lal, Kishore Singh, a distributor, Pep Singh, agent, Mohammed Abdul Fareed and Sandeep Singh, identified customers The four arrested persons include – Kanti Lal, Kishore Singh, a distributor, Pep Singh, agent, Mohammed Abdul Fareed and Sandeep Singh, identified customers Hyderabad city police’s Task Force (central zone) on Saturday … Read more
NEW DELHI: Infosys co-founder S D Shibulal on Wednesday purchased shares worth Rs 100 crore of the IT major through an open market transaction. Shibulal bought over 7.53 lakh shares at an average price of Rs 1,327 per share, valuing the transaction at Rs 100 crore, BSE block deal data showed. “We are hereby informing … Read more
New Delhi: Toll collections through FASTags are inching closer to 90% as the government continues to push the digital mode of transaction at National highways across the country. The National Highways Authority of India turned all lanes of toll plazas on National Highways into FASTag lanes Monday onwards. A statement issued by the authority on … Read more