Tag: securities and exchange board of india
India to roll out common customer ID for banks, insurers; mutual funds to follow, sources say
MUMBAI, – Indian banks and insurers will launch a common customer identification system in August, with asset managers joining later, two regulatory sources and industry…
MakeMyTrip files IPO papers with Sebi via confidential route
MakeMyTrip‘s India unit has filed confidential papers with market regulator Sebi for a proposed initial public offering on Indian stock exchanges. The company said its…
Zepto may cut IPO size by 20%; investor bids peg valuation at $3.5-4 billion: sources
Quick commerce firm Zepto is considering reducing the size of its initial public offering (IPO) by around 20%, raising around $650-700 million in fresh capital…
InsuranceDekho targets Rs 2,500-3,000 crore IPO, plans September filing
InsuranceDekho is preparing to file its draft red herring prospectus with the Securities and Exchange Board of India by the end of September for an…
RBI faces $100 billion challenge after record currency defense
Over the past two years, India’s central bank built one of the world’s largest bearish dollar bets to support a persistently weak rupee. It now…
Cult.fit IPO: Cultfit files DRHP with Sebi to raise Rs 950 crore via fresh issue
Fitness and active lifestyle platform Cultfit has filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public…
Digital lender Fibe files draft papers seeking to raise Rs 750 crore in fresh capital
Digital lending startup Fibe has filed its draft papers with market regulator Securities and Exchange Board of India (SEBI) seeking to raise Rs 750 crore…
Digital gold sector takes shine to govt’s formal framework signal
India’s digital gold sector could eventually see formal regulation, with the Centre showing openness to creating an oversight framework for the industry. The issue of…
FM Nirmala Sitharaman pushes unified KYC framework, asks Sebi to lead
Mumbai: Finance minister Nirmala Sitharaman on Saturday called for a unified know-your-customer (KYC) system across the financial sector to eliminate repeated verification for users, and…
End of story: Zerodha shuts Zero1 initiative for creators amid regulatory uncertainty
Discount brokerage Zerodha has shut down its media initiative, Zero1 Network, citing the regulatory uncertainty around financial influencers, popularly referred to as finfluencers. Launched on…