India

PEPs & Sanctions

Russian Business With India is ‘Booming’, Says Sberbank Exec – Report

By Editors | 06/09/2024

Sberbank executive said Russia is able to import anything it needs from India, with most transactions only taking a few hours to complete.

Structural Regulation

IFSCA Proposes Rule Changes for GIFT City Market Infrastructure

By Ajoy K Das | 06/09/2024

The changes are aimed at ensuring robust governance standards at GIFT City’s two stock exchanges, two clearing corporations and one depository.

Trading & Investment

StanChart Completes First Gold Price Hedge Deal in India’s GIFT City

By Ajoy K Das | 05/09/2024

Standard Chartered Bank completed an OTC derivatives deal in GIFT City worth $4mn for hedging gold prices.

Structural Regulation

India IFSCA Issues New Listing Regulations for GIFT City

By Ajoy K Das | 04/09/2024

The regulations specify requirements for Indian and foreign companies seeking to list debt and equity securities (including SPACs) in GIFT City.

Trading & Investment

SEBI to Simplify Entry Rules for Government Bond Market

By Ajoy K Das | 04/09/2024

SEBI is working on easing its registration requirements for foreign investors that solely invest in Indian government bonds.

Cybersecurity

RBI Sets Out Five-point Agenda for Future Financial Landscape

By Ajoy K Das | 04/09/2024

RBI governor Shaktikanta Das outlined five strategic priorities, including sustainable finance, cybersecurity, and financial infrastructure.

Structural Regulation

SEBI Proposes to Update Record Keeping Requirements

By Ajoy K Das | 03/09/2024

SEBI proposes to make it mandatory for regulated entities to maintain records of communications for a minimum eight years.

Fraud, Scams & Cybercrime

Indian Court Orders Takedown of Scam Crypto Websites

By Ajoy K Das | 03/09/2024

The order was granted after crypto firm Mudrex filed legal action to stop investors being scammed by websites using its name and brand.

Fraud, Scams & Cybercrime

Aviva Facing Charges in India for Tax Evasion, Fake Invoices

By Ajoy K Das | 02/09/2024

Aviva allegedly used fake invoices to circumvent regulatory limits on agent compensation, in the process evading taxes worth $5.2mn.