Jio Financial Services seeks RBI approval to convert from NBFC to CIC
CICs are NBFCs that invest in the equity shares, preference shares or convertible bonds or loans of their group companies
CICs are NBFCs that invest in the equity shares, preference shares or convertible bonds or loans of their group companies
The company stock was trading 5.3% lower at ₹488.55 on BSE till 2:20 pm
Company to SMC on a preferential basis pursuant to the approval of the members received on 16th November, 2023 through Postal Ballot
There is also speculation about the possibility of imposing additional capital charges on regulated entities, as per the report
FPIs have bought ₹1,433 crore worth of Indian equities and the total inflow stands at ₹15,375 crore as of November 17, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data
In addition, the regulator is looking to revise regulations for perpetual insiders, which include founders/promoters and senior executives
The businessman is accused of spreading Chinese propaganda in India
The US 10-treasury notes fell 15 basis points to 4.5% indicating lowest in seven weeks, according to Trading Economics data