MUMBAI: The Cayman Islands, one of the biggest financing hubs for investing globally, has offered to sign memorandum of understanding (MoUs) with markets regulator Sebi and also with the regulator for India’s finance hub GIFT City. The MoUs will facilitate transparent exchange of information between the regulators, André M Ebanks, Premier, the Cayman Islands, said…
Ashok Vaswani, MD & CEO, Kotak Mahindra Bank MUMBAI: Kotak Bank chief executive Ashok Vaswani said large banks that sold stakes in their financial-services subsidiaries to foreign investors lost considerable long-term value, arguing that full ownership of such businesses is a strategic advantage.Speaking at a media gathering on Wed, Vaswani urged reporters to “go and…
BENGALURU: Electric motorcycle maker Ultraviolette raised $45 million in fresh growth capital from Zoho Corporation and European investment firm Lingotto as part of its ongoing series E round. The company said the funding will be used to scale production and sales of its flagship F77 electric sportbike and the new X-47 crossover, as well as…
TOI Correspondent from Washington: In a move that deepens the environmental divide between the United States and much of the world—particularly fast-growing green economies such as China and India—US President Donald Trump on Wednesday announced a sweeping rollback of American fuel-economy standards. The decision, experts say, effectively shifts a significant portion of the global decarbonisation…
CEO & chairman of the executive board Herman Gref with Putin (AP photo) NEW DELHI: Sberbank, Russia’s largest lender, is looking to ramp up its operations in the country, opening up to 10 branches, investing surplus rupees from bilateral currency trade in Indian govt bonds and getting Russian investors to park funds in Nifty stocks.“We…
David Timor celebrates with his FC Goa teammates after doubling the lead against Mumbai at Fatorda Margao: It wasn’t easy, and it surely wasn’t without its share of drama.FC Goa survived some nervy moments in the second half as they saw off the challenge of Mumbai City 2-1 to seal a place in the final…
MUMBAI: Association of National Exchanges Members of India (ANMI), the largest association of stock brokers in India, has written to the markets regulator Sebi, urging it to allow NSE to re-launch weekly options contracts on Bank Nifty. In Oct 2024, concerned by the rising losses incurred by retail investors who traded in equity options, Sebi…
Mohammed Shami (PTI Photo) NEW DELHI: Out-of-favour India pacer Mohammed Shami delivered another strong performance in domestic cricket, taking 4 for 13 to help Bengal beat Services by seven wickets in a Group C match of the Syed Mushtaq Ali Trophy in Hyderabad on Thursday. This was Bengal’s fourth win in five matches in the…
MUMBAI: In one of the most significant orders against a stock market influencer, Sebi on Thursday directed to impound Rs 546.2 crore from Avadhut Sathe Trading Academy and Avadhut Sathe together. Sebi also asked the entities to stop “offering unregistered investment advisory and research analyst services”. They have also been barred from the market till…
MUMBAI: Reserve Bank of India has expanded the range of free services that any customer can receive from a zero-balance zero-fee basic savings bank deposit account, directing lenders to treat the product as a normal savings service rather than a stripped-down alternative.Banks have also been directed to convert existing accounts into BSBD accounts if they…
