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
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According to the report, 67 percent of the users shopped using an app, while remaining accessed the online store through browser using Smartphones. India, a mobile-first economy, is increasingly consuming digital services and applications including e-Commerce over Smartphones. … [Read more...] about Club Factory Emerges Top Challenger to Amazon, Flipkart: TechArc Report
The only bit of good news is that the number of new cases is dropping in China, but it’s early days yet and who’s to say that once the restrictions are relaxed it won’t flare up again. The Hobson’s choice is between making sure the virus has been stamped out and letting the economy suffer till then or try and get the economy moving soon and risk a recurrence of the disease, which could lead to the recovery becoming W-shaped. Xi Jinping has opted for the latter course, with his insistence that the 2020 economic targets for China should remain unchanged. … [Read more...] about Moneycontrol Pro Weekender: Time to pay the bill?
This is not for a moment trying to take anything away from the importance of the work done by the Central Statistics Office. All that it means is that the estimates are just a first approximation, based, as the CSO itself has said, on extrapolation of trends in the first 6-8 months of the year. And if that is the case, the analysis of these numbers will differ little from the analyses already done on the first half GDP data. … [Read more...] about Opinion | Take the first advance GDP growth estimates with a pinch of salt
But while they may recognise the need for a stimulus, China’s very high levels of corporate debt make a balancing act necessary. That is why reports indicate only a modest increase in the budget deficit from 2.6 to 2.8 percent this year. There’s also the risk that any excess stimulus will only lead to higher property prices. China’s recent efforts at boosting lending have been targeted at specific sectors. … [Read more...] about Opinion | China faces two options: Domestic stimulus or trade truce with US