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India regulator proposes curbs on derivative-linked share moves

MUMBAI (Reuters) – India’s market regulator proposed measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements. The Securities and Exchange Board of India (SEBI) proposed in a consultation paper late on Sunday that if a share in the futures and options segment …

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India regulator proposes halving IPO listing time

MUMBAI (Reuters) – India’s market regulator proposed halving the time needed to list shares on the nation’s stock exchanges from the closure of initial public offerings (IPOs) to three days. The proposed reduction in timelines for listing and trading of shares would benefit issuers and investors, the Securities and Exchange Board of India (SEBI) said …

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India proposes changes to tax on angel investors in unlisted firms

NEW DELHI (Reuters) -The Indian government on Friday proposed changes to the tax imposed on angel investors in unlisted entities, exempting a number of categories of foreign investors from such levies. Investments in Indian unlisted firms by central banks, sovereign wealth funds, entities controlled by the government with direct or indirect ownership of 75% or …

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Gold gets lifeline from renewed banking jitters, Powell comments

By Deep Kaushik Vakil (Reuters) – Gold rallied 1% on Friday, recouping some losses from earlier this week, on renewed worries about the stability of the banking sector, while traders slashed bets for another interest rate hike following remarks from the U.S. Federal Reserve chairman. Spot gold gained 1.2% to $1,981.79 per ounce by 12:30 …

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Power Grid Corp of India fourth-quarter profit climbs as demand rises

BENGALURU (Reuters) – State-owned power transmitter Power Grid Corporation of India Ltd reported a 4% rise in fourth-quarter profit on Friday, as stronger demand for electricity outstripped high costs. Consolidated profit for the New Delhi-based company rose to 43.2 billion rupees ($528.25 million) in the quarter ended March 31, from 41.56 billion rupees a year …

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India regulator ‘draws a blank’ in foreign links probe into Adani -report

By Jayshree P Upadhyay and Arpan Chaturvedi MUMBAI (Reuters) -India’s markets watchdog has “drawn a blank” in investigations into suspected violations by overseas entities allegedly linked to the Adani group, said a court-appointed panel after a short-seller report in January sank Adani stocks. The coal-to-airports conglomerate controlled by billionaire Gautam Adani lost more than $100 …

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Indian Oil eyes processing bio-naphtha for petrochemicals -chairman

By Mohi Narayan NEW DELHI (Reuters) – Indian Oil Corp., the country’s top refiner, said on Friday it is looking to decarbonise its petrochemical feedstocks by introducing bio-naphtha at its crackers. “To attain sustainability, bio-based feedstocks such as bio-naphtha and bio-ethanol are being envisaged as the natural transition for the petrochemical industry,” the company’s Chairman …

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Brookfield India REIT, Singapore’s GIC to buy India assets for $1.4 billion

BENGALURU (Reuters) – Brookfield Asset Management will sell two commercial properties in India to a partnership of its locally listed REIT Brookfield India and Singapore sovereign wealth fund GIC in a deal with an enterprise value of $1.4 billion. The properties being acquired are in India’s financial capital Mumbai, Maharashtra, and Gurugram, a satellite city …

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India market regulator proposes standard investor fees for mutual funds

By Jayshree P Upadhyay MUMBAI (Reuters) -India’s capital market regulator is proposing that mutual fund houses charge standardised fees from investors to ensure greater transparency, according a consultation paper from Securities and Exchange Board of India (SEBI). The total fee charged to a mutual fund investor, or the expense ratio, should be inclusive of all …

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