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Sebi said instances have come to light where client’s funds and securities were diverted by trading or clearing member towards margin obligations.With an aim to protect mutual fund investors against misuse of their investments, markets…

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The amount outstanding at any point of time in such PPIs should not exceed Rs 10,000, RBI saidThe Reserve Bank on Tuesday introduced a new semi-closed prepaid payment instrument (PPI) which can be used for transaction of goods and…

ESAF Small Finance Bank was incorporated on May 5, 2016, with its registered office in Thrissur.P R Ravi Mohan has been appointed as the new chairman of Kerala-based ESAF Small Finance Bank. He replaced R Prabha, who completed his tenure…

The NSE Nifty 50 index ended down 0.4 per cent at 12,214, while the S&P BSE Sensex lost 0.4 per cent to 41,461.India’s stock market tumbled up to 181 points today, on the back of a festive day — Christmas eve. The street estimates…

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NEW YORK (Reuters) - Exchange-traded funds that use leverage to offer double or triple the daily return of benchmark U.S. stock indexes rank among the 10 top-performing funds of the decade, with returns that in some cases neared 2,000%,…

In its December 18 verdict, the NCLAT had directed the reinstatement of ousted Cyrus Mistry as chairman of Tata Sons in October 2016. (AP)The ministry of corporate affairs (MCA) on Monday moved the National Company Law Appellate Tribunal…

IBUs are not allowed to open savings accounts.The RBIon Monday said IFSC Banking Units can open foreign currency current accounts of entities operating in IFSC and of non-resident institutional investors to facilitate their investment…

U.S. gold futures were flat at ,489.20 per ounce. (Reuters photo)Gold prices on Tuesday held steady near a more than one-week high hit in the previous session, as disappointing U.S. data and concerns about an interim Sino-U.S. trade deal…