New asset class may take wing; decision likely at Sebi meeting on Sep 30

Illustration: Binay Sinha

The Securities and Exchange Board of India (Sebi) may clear the decks for the launch of a new asset class—aimed at bridging the gap between mutual funds (MFs) and portfolio management services (PMS)—along with the MF Lite framework for passive fund houses.

The

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BGR Energy Systems Ltd

BGR Energy Systems Ltd | Credit: X account

Capital markets regulator Sebi on Tuesday imposed a penalty of Rs 9 lakh on BGR Energy Systems for disclosure lapses to the stock exchanges and flouting other market norms.

The order came after the Securities and Exchange Board of India (Sebi)

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Sindhu Gangadharan, SVP - MD, SAP Labs India

Sindhu Gangadharan, SVP - MD, SAP Labs India

SAP labs India, the biggest R-D hub for German software maker SAP outside its headquarters, is sharply focused on driving global AI innovations from here, managing director Sindhu Gangadharan said adding that plans for opening a new,

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dengue, Chikungunya

In 2022, Delhi had reported just 525 dengue cases. (Photo: Bloomberg)

Delhi has reported over 300 more dengue cases in the past seven days, the official data showed on Tuesday. Last week, the national capital witnessed a spike of nearly 250 cases of dengue in seven days, raising concerns about

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SEBI

Sebi | (Photo: Shutterstock)

To ease onboarding for FPIs and reduce duplication of information, Sebi on Tuesday proposed an abridged version of Common Application Form (CAF) that only requires information unique to the applicant.

Further, the rest of the information will be auto-filled from

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Fintech

Representative Image: Shutterstock

Banking infrastructure company M2P Fintech on Tuesday raised Rs 850 crore through a mix of primary and secondary capital as part of its series D financing round. The funding round was led by Helios Investment Partners, valuing the company at over Rs 6,550

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