India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
To print this article, all you need is to be registered or login on Mondaq.com. The Central Bank is the regulatory authority responsible for the authorisation and supervision of all regulated investment funds in Ireland. In order for a UCITS to be authorised by the Central Bank various fund documents need to be put in place which meet the Central Bank's requirements. Some of these fund documents are reviewed by the Central Bank in advance of the final application being made for authorisation of the UCITS. The principal document which is reviewed by the Central Bank in advance of the UCITS authorisation is the prospectus. Other fund documents (such as the depositary, investment management, distribution and administration agreements, and the risk management process) are not reviewed by the Central Bank but executed versions of the agreements are filed with the Central Bank for noting on the day the filing is made seeking authorisation of the UCITS. Timing of Authorisation Once the draft fund documentation is filed with the Central Bank for review a UCITS is typically approved by the Central Bank within six to ten weeks from the date of submission of the documents to the Central Bank, depending on its complexity. The review process is iterative and typically involves a number of drafts of the principal fund documents being submitted to the Central Bank for review. A UCITS can be authorised once the fund documents have been cleared of comment and the prospectus and signed fund documents have been filed with the Central Bank seeking its authorisation. Any amendments to the prospectus are subject to prior approval by the Central Bank.
MUMBAI (Reuters) -Billionaire Mukesh Ambani-led Reliance Group and U.S.-based BlackRock have received approval from India's markets regulator to start operations for their mutual fund business, the Indian company said on Tuesday. Jio Financial Services, a part of the Reliance Group, had in July 2023 announced the formation of a 50:50 joint venture with the world's largest asset manager to launch asset management services in India. The JV, Jio BlackRock Asset Management, plans to launch a range of investment products in the coming months based on a "digital first" approach for retail and inst ...Read More >
Bangalore (Karnataka) [India], December 15: In every generation, there are students who don't just want a degree -- they want a direction. A path that leads them beyond familiar boundaries and into the world of global finance, investment strategy, and leadership. For these aspirants, the Bcom CFA journey is far more than an academic choice; it is a statement of ambition. Also Read | Sajid Akram and Naveed Akram, the Gunmen Behind Bondi Beach Terror Attack, Identified As Father-Son Duo From Pakistan's Lahore. At JAIN (Deemed-to-be University)'s School of Commerce, this ambition finds its true ...Read More >
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Ahmedabad: Gujarat International Finance-Tec City (GIFT City) has witnessed rapid growth in its fund management ecosystem over the past five years, with capital commitments rising sharply from less than $0.5 billion in March 2020 to $32.13 billion by Dec 2025, according to official data.Experts said the nearly six-fold increase reflects growing use of GIFT City for both India-focused and global investment strategies.The number of Fund Management Entities (FMEs) operating in the International Fina ...Read More >
Mumbai (Maharashtra) [India], May 27 (ANI): Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, has received regulatory approval from the financial markets regulator SEBI to commence operations as an investment manager for their mutual fund business in India, a statement said Tuesday. JioBlackRock Asset Management will bring an innovative investment proposition to the growing number of Indian retail mutual fund investors, as well as to institutional investors in India, the joint statement said. Also Read | Suman Devi Thoudam Vows To Make Most o ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
PNN Bangalore (Karnataka) [India], December 15: In every generation, there are students who don't just want a degree -- they want a direction. A path that leads them beyond familiar boundaries and into the world of global finance, investment strategy, and leadership. For these aspirants, the Bcom CFA journey is far more than an academic choice; it is a statement of ambition. At JAIN (Deemed-to-be University)'s School of Commerce, this ambition finds its true home through the Bachelor of Commerce (Honours / Honours with Research) in Strategic Finance integrated with CFA. What sets this pathwa ...Read More >
New Delhi [India], July 19 (ANI): Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe BV, entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. As per the official release, the reinsurance partnership will bring together JFSL's deep local expertise and robust digital footprint with Allianz's strong underwriting and global reinsurance capabilities Also Read | Is July 19 a Bank Holiday? Are Banks Open or Closed Today on Account of 3rd S ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. The Governor spoke to the Labour, Employment Training and Factories (LETF) ...Read More >
New Delhi [India], July 19 (ANI): Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe BV, entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. As per the official release, the reinsurance partnership will bring together JFSL deep local expertise and robust digital footprint with Allianz strong underwriting and global reinsurance capabilities The JV will leverage Allianz existing Allianz Re and Allianz Commercial portfolios and activi ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
MUMBAI, April 7 (Reuters) - Pricing distortions stemming from the Indian central bank's recent foreign exchange curbs have opened up arbitrage between exchange-traded rupee futures and onshore forwards. However, bankers are wary of taking positions amid heightened regulatory risks, four market participants said. The recent spate of measures, including limits on net open FX positions of banks in the deliverable rupee market, has led to a reversal of chunky arbitrage banks, unleashing heavy dollar selling in the onshore forward market and pushing dollar/rupee forward rates lower. The exchange ...Read More >
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, and farmer empowerment. Heritage also unveiled its "Vision 2030" strategy to become India's most admir ...Read More >
New Delhi: Accelerated adoption of Artificial Intelligence (AI) across industries can contribute USD 500-600 billion to India's GDP by 2035 on the back of increased productivity and efficiency in the workforce, a NITI Aayog report said on Monday. The report titled 'AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth' further said over the next decade, the adoption of AI across sectors is expected to add USD 17-26 trillion to the global economy. "India's combination of a large STEM workforce, expanding R&D ecosystem, and growing digital and technology capabilities position t ...Read More >
MUMBAI (Reuters) -The Indian central bank's measured approach to withdrawing banking system liquidity is likely to keep overnight interbank lending rates between the policy repo rate and the floor of the policy corridor, three analysts said on Friday, allowing some policy transmission. The Reserve Bank of India withdrew 1 trillion rupees ($11.7 billion) from the banking system on Friday through a seven-day variable rate reverse repo, rolling over an operation from last week, despite a rising liquidity surplus. WHY IT'S IMPORTANT The RBI cut its policy rate by a steeper-than-expected 50 basi ...Read More >
Mumbai, Sep 12 (PTI) The Sebi board on Friday decided to make it easier for low risk foreign investors to participate in the Indian securities market with the introduction of a single window access, a move aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination. The new framework -- Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI) -- would provide easier investment access to low risk foreign investors, enable a unified registration process across multiple investment routes and reduce repeated compliance and ...Read More >
Irish UCITS must appoint a management company that complies with strict capital requirements, including an additional 0.02% capital for assets over €250 million, capped at €10 million. Key service providers include an Irish administrator for NAV calculation and registrar duties, an Irish depositary for safekeeping assets, and an investment manager for portfolio management. The Central Bank oversees the approval of investment managers, ensuring regulatory compliance and ongoing supervision. Agreements with depositaries, administrators, and managers must align with Central Bank guidelines and be ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. Also Read | Fact Check: Did EC Overlook 50 'Sons' of a Single Man in Varanasi? Congress' Claim Is Misleading, Ram Janaki Math Saints Reveal the Truth. It stated, "GenAI is poised to improve banking operations in Indi ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, GenAI is poised to improve banking operations in India by up to 46 per cent. The report said AI is increasingly being adopted across the financial services sector. This adoption is being driven by multiple ...Read More >
New Delhi [India] September 16 (ANI): The Reserve Bank of India (RBI) has rolled out detailed regulatory guidelines for Payment Aggregators (PAs) and recommended baseline technology standards for Payment Gateways (PGs), to ensure safety, transparency and resilience in the fast-growing digital payments ecosystem. The central bank, in its notification titled "Guidelines on Regulation of Payment Aggregators and Payment Gateways", said that while PAs handle funds and therefore require direct regulation, PGs will be treated as technology providers and are encouraged to adhere to prescribed securit ...Read More >
New Delhi, Jul 18 (PTI) Jio Financial Services Limited (JFSL) and Allianz Group of Germany, through its wholly-owned subsidiary Allianz Europe B.V., entered into a binding agreement on Friday to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. The announcement comes months after Allianz parted ways with Bajaj group financial services firm Bajaj Finserv. The reinsurance partnership will bring together JFSL's deep local expertise and robust digital footprint with Allianz's strong underwriting and global reinsurance capabilities, a ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, "GenAI is poised to improve banking operations in India by up to 46 per cent". The report said AI is increasingly being adopted across the financial services sector. This adoption is being driven by multip ...Read More >
NewsVoirPune (Maharashtra) [India], September 30: For investors looking to participate in the potential growth of companies across the large, mid and small cap markets, a flexi cap fund may be a potentially suitable option. Unlike category-specific funds, a flexi cap fund offers fund managers flexibility to allocate investments based on market conditions and potential opportunities. Flexi cap funds may provide investors with exposure to relative stability from large caps as well as potential growth from mid and small cap sectors.Before you choose a flexi cap fund to invest in 2025, let's look ...Read More >
MUMBAI (Reuters) - Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank. These investors net bought bonds worth over 90 billion rupees ($1.06 billion) under the Fully Accessible Route till Wednesday, a majority of which are part of JPMorgan's debt index, data from Clearing Corporation of India showed. Foreign investors heavily sold bonds for most of November, as U.S. yields remained elevated after Donald Trump's victory in the ...Read More >
Bengaluru : The Wealth Company Asset Management Holdings Private Limited, part of the Pantomath Group, has received the final approval from SEBI to launch its mutual fund business. With this regulatory milestone, The Wealth Company formally enters the ₹74.41 trillion mutual fund industry under its new identity, The Wealth Company Mutual Fund. SEBI granted the Certificate of Registration to the company on 18th July 2025 enabling it to commence operations as a registered Asset Management Company (AMC). The Wealth Company Mutual Fund will bring a unique proposition to the market, combining the r ...Read More >
New Delhi, Sep 15: Accelerated adoption of Artificial Intelligence (AI) across industries can contribute USD 500-600 billion to India's GDP by 2035 on the back of increased productivity and efficiency in the workforce, a NITI Aayog report said on Monday. Global AI Impact Estimated at USD 17-26 Trillion The report titled 'AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth' further said that over the next decade, the adoption of AI across sectors is expected to add USD 17-26 trillion to the global economy. India Positioned to Capture 10-15% of Global AI Value "India's comb ...Read More >
New Delhi [India] September 16 (ANI): The Reserve Bank of India (RBI) has rolled out detailed regulatory guidelines for Payment Aggregators (PAs) and recommended baseline technology standards for Payment Gateways (PGs), to ensure safety, transparency and resilience in the fast-growing digital payments ecosystem. The central bank, in its notification titled "Guidelines on Regulation of Payment Aggregators and Payment Gateways", said that while PAs handle funds and therefore require direct regulation, PGs will be treated as technology providers and are encouraged to adhere to prescribed securit ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax offices and submit proper documentation explaining their turnover and eligibility. It clarified that ...Read More >
Kinnaur: A cloudburst was reported in Himachal Pradesh's Kinnaur district on Wednesday evening. Due to the cloudburst, a sudden flash flood struck Hojis Lungpa Nala. Notably, the site was an active road construction zone under CPWD towards Gangthang Bralam. A rescue operation was launched to rescue the stranded civilians. The Indian Army was also called in to help the local administration. The Army has deployed its new generation equipment to assist in the operation. The Logistics Drone High Altitude (LDHA) system has also been pressed into action to ferry essential items, including eatables ...Read More >
Thane, Aug 14 (PTI) A fire broke out at a cafe located in a multi-storey residential building in Maharashtra's Thane city early Thursday morning, following which 35 persons were evacuated from the structure, officials said. No casualty has been reported as of now, Thane Municipal Corporation's disaster management cell chief Yasin Tadvi said. The blaze erupted in the Parsik Cafe located on the ground floor of the six-storey building at Kharegaon in Kalwa (West), he said. The disaster management cell received information about the incident at 4.58 am from the owner of the cafe, a 1,000 sq ft ...Read More >
Pune (Maharashtra) [India], September 30: For investors looking to participate in the potential growth of companies across the large, mid and small cap markets, a flexi cap fund may be a potentially suitable option. Unlike category-specific funds, a flexi cap fund offers fund managers flexibility to allocate investments based on market conditions and potential opportunities. Flexi cap funds may provide investors with exposure to relative stability from large caps as well as potential growth from mid and small cap sectors. Also Read | Karur Stampede Probe Intensifies: TVK Central City Secretar ...Read More >