Investors are closely watching U.S. consumer spending this week, especially Black Friday sales, as the stock market faces a grim November. With limited recent data due to a government shutdown, early holiday shopping signals will be crucial for assessing the economy’s health and potential Federal Reserve rate decisions.Read More
The Securities and Exchange Board of India (Sebi) is considering including real estate investment trusts (REITs) in market indices to enhance liquidity and appeal. Sebi is also exploring ways to expand investment options for REITs and infrastructure investment trusts (InvITs), while working to boost investor awareness and participation in these nascent asset classes.Read More
Bharti Telecom is set to raise between ₹8,500 and ₹9,000 crore through a bond sale. This move aims to refinance existing borrowings for the holding company of Bharti Airtel. The company plans to issue bonds with two and three-year maturities. This is a normal refinancing of maturing bonds. Institutional investors are expected to participate in the issue.Read More
The Securities and Exchange Board of India (Sebi) is set to review its mutual fund and stock broker regulations next month. Key proposals include unbundling broking fees and updating stock broker rules, which were framed 30 years ago. Sebi aims to streamline compliance and enhance ease of doing business.Read More
Indian banks have successfully adopted the new SWIFT ISO 20022 messaging standard. This achievement places them ahead of the global average. The Ministry of Finance and Reserve Bank of India drove this initiative. All Indian banks are now ready for cross-border payments under the new framework. This ensures smooth operations and avoids potential disruptions and penalties.Read More
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