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- Bitcoin heading to zero, says China state media amid global crypto downturnChinese state-run newspaper The Economic Daily earlier justified China's ban on cryptocurrency trading by taking examples of the collapse of stablecoins terraUSD and luna whose value reached zero.
- Gold, silver prices fall in trade; yellow metal trading at Rs 51,760Silver too opened in the low and is trading at Rs 60,000 per kg. The precious metal is down by Rs 200 as compared to previous day's rate.
- Sebi relaxes regulatory framework for AIFs targeting 'accredited investors'Sebi also has directed all AIFs to designate an employee as compliance officer, who shall be a person other than the CEO
- Sebi penalises 4 individuals for violations in Mindtree share tradeThe regulator levied a fine of Rs 1 lakh each on Chirag Malhotra, Meenakumari M, BG Dhananjaya and Nikhil Jain, according to four separate orders
- Sebi issues guidelines for 'Large Value Fund' for accredited investorsSebi said that the placement memorandum, contribution agreement or other fund documents of LVF need to lay down terms and conditions for extension of the tenure beyond two years
- Easing commodity prices aid market rally; indices jump 2.6% during weekFPI selling in June nears Rs 50,000 crore
- India's forex reserves drop $5.9 bn in a week as RBI sells dollarsIn two weeks, the country's foreign exchange reserves have dropped over $10 billion as the central bank stepped up intervention in the foreign exchange market
- Sebi gives UPI payment option to invest in public issues of REITs, InvITsThe capital markets regulator in January 2019 laid down the process for payment for applications in the public issue of units of these new investment instruments through the facility of ASBA.
- US dollar headed for first weekly decline in June as traders dial down betsDollar lost some of its shine since investors started betting the Fed could slow the rate-tightening pace following another 75 basis-point increase in July, and may start easing policy after Mar 2023
- This Rakesh Jhunjhunwala stock turns ex-date for 1:1 bonus issue; soars 19%However, in the past six months, the stock has tanked 46 per cent as against an 8 per cent fall in the S&P BSE Sensex.