SEBI has introduced the Integrated SEBI Portal for Technical Glitches: SEBI has introduced the Integrated SEBI Portal for Technical Glitches (iSPOT), a centralized system to streamline the reporting of technical issues by Market Infrastructure Institutions (MIIs) like stock exchanges and clearing corporations.This portal will replace the outdated email-based system, bringing a more structured, efficient, and […]
Category: Economics Current Affairs
Vedanta Resources Ltd has appointed Deshnee Naidoo as its first Chief Executive Officer
Vedanta Resources Ltd has appointed Deshnee Naidoo as its first Chief Executive Officer: Vedanta Resources Ltd (VRL) has appointed Deshnee Naidoo as its first Chief Executive Officer (CEO), effective January 20, 2025, to drive the company’s next growth phase. Naidoo who previously held leadership roles at Vedanta returns at a crucial time as the company […]
CRED Launches e₹ Wallet, Advancing India’s Digital Currency Adoption
CRED Launches e₹ Wallet, Advancing India’s Digital Currency Adoption: CRED, one of India’s leading fintech companies, has made a groundbreaking move by launching the beta version of the e₹ wallet. With this integration, CRED becomes the first fintech platform to adopt India’s central bank digital currency (CBDC), the e-rupee. The e₹ wallet offers CRED’s vast […]
SEBI Launches ‘Dharohar’: A Digital Tribute to India’s Market Legacy
SEBI Launches ‘Dharohar’: A Digital Tribute to India’s Market Legacy The Securities and Exchange Board of India (SEBI) marked a significant milestone with the launch of “Dharohar – Milestones in the Indian Securities Market.” The digital repository was unveiled on India’s 76th Republic Day and aims to preserve the rich legacy of India’s securities market. […]
‘When-listed’ Platform
‘When-listed’ Platform: The Securities and Exchange Board of India (Sebi) is looking to launch a ‘when-listed’ platform. ‘When-listed’ has been launched for trading of shares of companies that have finished their Initial Public Offering (IPO) and are yet to be listed on stock exchanges. It is aimed at reducing the activity in the grey market, […]
Reserve Bank of India (RBI) has set the interest rate on the Government of India Floating Rate Bonds 2035
Reserve Bank of India (RBI) has set the interest rate on the Government of India Floating Rate Bonds 2035: The Reserve Bank of India (RBI) has recently announced that the interest rate for the Government of India Floating Rate Bonds 2035 (GOI FRB 2035) will be set at 6.66% per annum. This rate will be […]
Banks are moving away from the Insolvency and Bankruptcy Code
Banks are moving away from the Insolvency and Bankruptcy Code: Banks are moving away from the Insolvency and Bankruptcy Code (IBC) due to falling recovery rates (down to 28% in FY24 from 40% in FY23) and prolonged resolution timelines (often exceeding 600 days). The number of cases admitted to NCLT has also droppedThe Insolvency and […]
India’s Forex Reserves Declined
India’s Forex Reserves Declined: India’s forex reserves dropped to $625.87 billion as of January 10, 2025, down from $634.59 billion the previous week. The decline is due to RBI interventions to stabilize the rupee, global economic challenges, and currency depreciation.The Reserve Bank of India (RBI) has been actively intervening in the forex market to stabilize […]
SBI Payments & Pine Labs Boost Partnership for Digital Commerce Growth
SBI Payments & Pine Labs Boost Partnership for Digital Commerce Growth: State Bank of India (SBI) Payments and Pine Labs have announced the strengthening of their 12-year-old partnership. This new phase of collaboration, which began on January 25, 2025, is focused on driving the adoption of digital payments across India. By enhancing merchant solutions and […]
New CEO of Zoho Corp
New CEO of Zoho Corp: Zoho Corporation, a leading cloud software startup, has announced a significant leadership change. On January 27, CEO Sridhar Vembu revealed that he would step down as the company’s CEO and take on the role of Chief Scientist, focusing on research and development. In his place, Shailesh Kumar Davey, a co-founder […]
