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Sebi brings back stock exchange buybacks, clears faster fundraising route for AIFs

Market regulator Sebi on Friday approved a raft of proposals, including the reintroduction of open market share buybacks through stock exchanges, relaxation of intra-day borrowing norms for mutual funds and a faster fundraising mechanism for alternative investment funds (AIFs), PTI reported.The decisions were taken at the regulator’s board meeting, which also cleared measures to simplify…

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India’s forex reserves tumble nearly $10 billion as gold holdings see sharp drop

India’s foreign exchange reserves recorded their steepest weekly decline in months, falling by $9.985 billion to $671.625 billion in the week ended June 12, mainly due to a sharp drop in gold reserves, according to RBI data released on Friday.The country’s forex reserves had declined by $711 million in the previous reporting week to $681.610…

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Stock market today: Which are the top gainers and losers in BSE Sensex and Nifty50 today? Check list

A sharp selloff in information technology stocks, triggered by Accenture’s weaker growth outlook, and fresh geopolitical concerns ended the market’s five-session winning streak on Friday, dragging benchmark indices lower.The BSE Sensex fell 607.08 points, or 0.78%, to close at 76,802.90, while the NSE Nifty declined 154.90 points, or 0.64%, to settle at 24,013.10.During the day,…

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GoMining challenges Jack Dorsey’s Square with a pure BTC payment rail

Bitcoin BTC$62,487.16 mining company GoMining said it is making it easier for companies to accept bitcoin BTC$62,487.16 payments, bringing it into competition with companies including Block’s (XYZ) Square. Where GoMining says it differs from incumbents is that the entire transaction is completed in bitcoin. Many competitors, including Square, allow customers to pay in bitcoin while…

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‘Will fight together for democracy’: Rahul Gandhi thanks MK Stalin and Kanimozhi for birthday wishes after Congress-DMK split | India News

MK Stalin’s DMK and Rahul Gandhi’s Congress had an acrimonious split after Tamil Nadu assembly polls NEW DELHI: Rahul Gandhi on Friday thanked MK Stalin and Kanimozhi for their birthday wishes, with their social media exchange coming days after Congress and the DMK ended their alliance following the Tamil Nadu assembly election results.Thanking Stalin, the…

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