Sebi is collaborating with Google to combat financial influencers who break rules. Artificial intelligence will be used to identify and remove these individuals from online spaces. A verified badge is now available on Google Play for stock trading apps from registered entities. This initiative aims to protect retail investors from fraudulent apps and misleading content.
Bonds from semi-liquid private credit funds have seen a significant value drop, reaching a one-year low. This indicates investor anticipation of sector stress, even before recent redemption surges. Major U.S. banks are tightening lending, and funds are capping withdrawals amid concerns over valuations and economic health.
US markets saw a positive start as global stocks rallied. Oil prices dropped, easing inflation fears. Iran is reviewing a US proposal, sparking hopes for peace. This led to gains in sectors like materials and consumer discretionary. Companies like Arm and SpaceX also saw significant stock movements. Investors are watching for further developments.
New tax rules will apply from April 1. A 12 per cent surcharge will be levied on capital gains from company share buybacks. This change affects individual and corporate shareholders. Experts suggest this may make buybacks a costlier option for cash extraction. Amendments also clarify rules for electronically granted approvals, aiming to validate past decisions.
U.S.-listed shares of Arm Holdings jumped nearly 12% in premarket trading on Wednesday after the chip firm projected billions of dollars in annual revenue from its own new artificial intelligence data-center chip.
Sebi Chairman Tuhin Kanta Pandey on Wednesday termed fake applications a "serious threat" and urged technology firms like Google and Meta to work with financial regulators for investor protection.
Securities and Exchange Board of India launched a Verified App Label initiative with Google to help investors identify genuine trading apps. The move aims to curb digital fraud as retail participation rises, while strengthening trust and promoting safer investment practices.
Powerica IPO saw weak demand on day two, with 3% subscription and retail interest. Grey market premium remains negligible. The company aims to raise Rs 1,100 crore, with proceeds for debt repayment, while brokerages recommend long-term subscription despite modest growth.
The government has appointed Kompella Venkata Ramana Murty as a whole-time member of Sebi for a period of three years.
Indian government bonds ended little changed on Wednesday after a choppy trading session, as crude prices hovered near the $100-per-barrel mark despite falling more than 7% on reports of a possible U.S.-Iran ceasefire plan.
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