SEBI has directed public interest directors on market infrastructure institution boards to consider system failures as financial irregularities. Directors must now understand emerging technologies and ensure systemic stability and data integrity, especially with AI adoption. They are urged to exercise independent judgment and proactively report risks to SEBI.Read More
Singapore High Court approved WazirX’s parent Zettai’s restructuring plan, allowing the Indian crypto exchange to resume operations and begin asset redistribution. Following a creditor re-vote, WazirX expects to reopen by late October, prioritizing orderly withdrawals and enhanced security with third-party custodians like BitGo.Read More
Axis Bank reported a 26% drop in September-quarter net profit to ₹5,090 crore, primarily due to a one-time ₹1,231 crore standard asset provision for discontinued crop loan variants. Despite this, net interest income rose 2% year-on-year to ₹13,745 crore, with the bank optimistic about GST cuts and retail loan growth.Read More
Torrent Pharmaceuticals is planning a ₹14,000-crore bond sale to finance its acquisition of JB Chemicals & Pharmaceuticals. The company is in discussions with major banks for the funding package, which will be repaid through internal accruals. The proposed merger is awaiting regulatory approvals.Read More
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