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It is possible that this could result in fewer fund launches. Mutual funds that launch schemes to keep distributors happy will under be less pressure to keep coming out with NFOs.
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News and Media
They are knocking on the doors of the government and financial market regulators, urging them to rethink a rule that forbids an overseas investor from being a foreign direct investor (FDI) as well as a foreign portfolio investor (FPI) in the same company.
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News and Media
The Indian government drafted a bill to combat illegal lending. The bill proposes a 10-year jail term and a 1 crore penalty for violators. An online database of approved lenders will be created. The database will help identify illegal lenders. The move follows action against several digital loan apps. The government aims to curb predatory lending practices.
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News and Media
The United States pledged to cut net greenhouse gas emissions by 61-66% below 2005 levels by 2035, becoming the first nation to submit its 2035 climate plan to the UN. Despite potential challenges from a future Trump administration, sub-national governments and the private sector are expected to play a key role in achieving the target.
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News and Media
Elon Musk's meeting with Nigel Farage at Mar-a-Lago sparks speculation about a potential $100 million donation to Reform UK. This has ignited calls for stricter regulations on political donations in Britain, amidst concerns about foreign influence. Musk's interest in UK politics and criticism of Keir Starmer add further fuel to the debate.
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News and Media
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