Markets regulation: Sebi proposes ‘Significant Indices’ framework; aims to tighten governance of index providers

-
The Securities and Exchange Board of India is proposing new rules for 'Significant Indices'. These are indices used by mutual funds with over Rs 20,000 crore in assets. The move aims to boost governance and transparency in the market. Index providers will need to register with Sebi. Public comments are invited until January 30.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/qXCkgGn

Comments

Post a Comment

Popular posts from this blog

ICICI sought to acquire HDFC, reveals chairman Deepak Parekh

-
Image
Deepak Parekh disclosed that Chanda Kochhar once suggested a merger between ICICI Bank and HDFC. Parekh declined the offer. He cited regulatory pressure as the main driver for HDFC's eventual merger with HDFC Bank. Parekh described the merger's conclusion as both sad and happy. He emphasized the need for larger Indian banks through acquisitions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/T7rinvo
Read more

Sony says no extension of merger deadline yet

-
Image
Sony's India unit is considering Zee's proposals for completing the merger. Sony Pictures Networks India has not agreed to a deadline extension requested by Zee, indicating that the merger may not be completed by the December 21 deadline. Legal cases against Zee and its promoters have been hindering the merger. Sony is required to start discussions about extending the deadline but has not yet agreed. The merger still requires approvals from the ministry of information and broadcasting and the registrar of companies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/J26qwV4
Read more