Capital markets regulator Sebi on Friday said investment advisers operating in International Financial Services Centre (IFSC) are required to have a net worth of $7,00,000 (around Rs 5.05 crore). Earlier, the net worth requirement for investment adviser (IA) in IFSC was $1.5 million. … [Read more...] about SEBI asks investment advisers operating in IFSC to have $700,000 net worth
London city council
The race organisers said in a tweet Saturday that 167 of those quarantined had received negative results on coronavirus tests, but it did not say whether they were cyclists or staff members, nor how many others were awaiting results.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about Coronavirus: Qatar confirms its first case
Senior Congress leader P Chidambaram on Saturday hit out at the Delhi government for its sanction to prosecute former JNUSU president Kanhaiya Kumar and nine others in connection with a sedition case, saying the Kejriwal dispensation is "no less ill-informed than the Centre" in its understanding of the sedition law. … [Read more...] about Delhi govt no less ill-informed than Centre in understanding sedition law: Chidambaram
There is, though, one respect in which this virus-induced crash is different. Central bank injections of liquidity cannot cure the disease, nor will they arrest its spread. As we have never tired of reiterating, the markets had run-up on a gush of liquidity unleashed by central banks around the globe. They have run up, as we have pointed out ad nauseam, far ahead of the ‘fundamentals’. They had gone up in the belief that central banks had the markets’ back and would rush to their rescue at the slightest wobble. That hope still exists, which is why the markets are now clamouring for a Fed rate cut in March and two more rate cuts this year. Central banks in China and some other Asian countries have opened their purses. Governments too are doing their bit — Hong Kong is planning to give all permanent residents above 18 a hand-out of HK$10000. … [Read more...] about Moneycontrol Pro Weekender: Time to pay the bill?
"For us, tier II is lot bigger than tier I. There is lot of traffic coming from tier-II and III cities as compared to tier-I markets during IPL," said Suhag.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about IPL: Gaming platforms look to make the most of the great cricket jamboree