Guidelines Financial News

Google has clarified its stance on advertising for blockchain-based games involving non-fungible tokens (NFTs). Effective from September 15, 2023, the tech giant announced,

HDFC Asset Management Company Ltd. (HDFC AMC) for acquiring aggregate holding of up to 9.5% of the paid-up share capital or voting rights of The Karur Vysya Bank Ltd," Karur Vysya Bank said in a regulatory filing.

swarm of bees coming from inside the bag. The family members of the victim attempted CPR and took him to a hospital, where he was declared dead. The incident occurred near the Virginia state line, about 160 miles southeast of Lexington. The official cause of the death has not been announced as the investigation is underway and the autopsy results are pending.

Sebi a case pertaining to certain discrepancies in the monthly ODI (offshore derivative instruments) reporting after paying Rs 26.44 lakh towards the settlement amount. The order came after Goldman Sachs, a registered Foreign Portfolio Investor (FPI) which deals in off-shore derivative instruments, proposed to settle the alleged violations by «neither admitting nor denying» under the settlement rules. «It is hereby ordered that any proceedings that may be initiated for the violations… are settled in respect of the applicant (Goldman Sachs (Singapore) Pte),» the Securities and Exchange Board of India (Sebi) said in a settlement order passed on Monday. In its order, the regulator observed that certain discrepancies in the monthly ODI reporting for the month of March 2022 were identified by the applicant. These were related to a mismatch of investment managers for multi-managed clients with respect to four ODI subscribers and updated details of investment managers or beneficial owners information of three ODI subscribers were not provided in the monthly ODI reporting. Through this, Goldman Sachs allegedly violated rules concerning operational guidelines for FPIs. Goldman Sachs submitted the correct and updated data to Sebi in its monthly reports for the period March 2022 to January 2023.

a16z General Partner Arianna Simpson believes the US needs to establish a regulatory framework that instills confidence in crypto firms and allows them to build technology products without fear of potential consequences.

The New York Department of Financial Services (NYDSF) seeks to introduce new guidelines on the listing and delisting of digital assets by venture capital entities.

traffic restrictions will be in place in different parts of Mumbai during Ganesh Chaturthi celebrations starting from September 19, but there will be no curbs on vehicles supplying essential commodities. Idol immersion processions, which take place on different days of the festival starting from the second day, attract massive crowds of devotees as people from all over the city and also outside come to witness the grand event, leading to a surge in pedestrian and vehicular traffic, which may be aggravated by plying of heavy vehicles and private buses, a traffic department official said. Therefore, some traffic arrangements have been made for heavy vehicles and private buses from September 19 to 29, he said. There shall be complete restriction on movement of all types of heavy vehicles and private buses in south Mumbai on September 21, 24, 26 and 29, said the official. On other days between September 19 and 29, heavy vehicles are allowed to ply in south Mumbai between 00:00 hours and 07:00 hours, he said.

Also Read: UBS's Credit Suisse takeover, 'deal of the century'? In case of delay in releasing of original property documents or failing to file charge satisfaction form with relevant registry beyond 30 days after settlement of loan, the RE shall communicate to the borrower reasons for such delay. However, if the delay is attributable to the RE, it shall compensate the borrower at the rate of ₹5,000 for each day of delay, the RBI said.

On Monday, Bitcoin price experienced a minor decline of 0.50%, trading at $25,742. This shift in value comes amidst India's contemplation of regulating the cryptocurrency sector in alignment with the IMF-FSB guidelines. 

New Delhi: The government has sought public feedback on draft guidelines aimed at preventing and regulating "dark patterns" - digital design interfaces used to manipulate customer behaviour. These draft rules have been developed after consultations with stakeholders including e-commerce platforms, law firms, and consumer organizations, the ministry of consumer affairs said in a statement on Thursday.

draft guidelines for prevention and regulation of «dark patterns» which are nothing but tactics used by online players to deceive customers or manipulate their choices. The draft guidelines, issued by the Consumer Affairs Ministry, list various deceptive practices being adopted by online platforms in the nature of dark patterns which are against the interests of consumers. The ministry has sought public comments/suggestions on the draft guidelines within 30 days till October 5, an official statement said.

OpenAI has released a new guide to assist teachers in effectively using its AI chatbot, ChatGPT, in the classroom. The guide includes suggested prompts, explanations of ChatGPT's operation and limitations, information on AI detectors' effectiveness, and discussions on biases. "We’re releasing a guide for teachers using ChatGPT in their classroom -- including suggested prompts, an explanation of how ChatGPT works and its limitations, the efficacy of AI detectors, and bias," stated OpenAI in a blog post.

SEBI on Tuesday announced new guidelines to strengthen the existing cyber security and cyber resilience framework for Market Infrastructure Institutions like the Stock Exchanges, clearing corporations and depositories. In a release on Tuesday, SEBI said, “With the change in market dynamics in the Indian Securities markets, the interdependence among the MIIs has seen significant increase.

Supreme Court Friday said it will strengthen its 2018 guidelines for dealing with mob violence, hate speeches and lynching to ensure that culprits are dealt with equally, irrespective of their communities for their public utterances spreading bigotry. In a significant verdict on a plea by activist Tehseen Poonawalla, the top court had on July 7, 2018 issued a slew of guidelines to curb hate crimes, and directed states and union territories to take preventive and remedial measures like appointment of nodal officers in each district to keep a tab on such activities. The top court on Friday asked the Centre to collate details from states and UTs on compliance of its 2018 verdict in three weeks.

Also Read: Govt issues advisory against real-money gaming ads In its advisory, the I&B ministry asked media entities, advertising intermediaries and social media platforms to ‘immediately’ refrain from showing ads and promotional content on betting/gambling in any form. Failure in following the guideline will lead to legal action against those entities. Also Read: Centre intensifies drive on betting ads for Asia, World Cup “Failure to adhere to this advisory may invite appropriate action from the Government of India under various statutes," government officials aware of the matter said, reported HT.

Indian market is a predominantly generics market: Branded, trade and INN. All these three categories are me-too drugs but marketed and distributed differently. Branded generics are promoted to doctors, while trade generics are sold through the trade network (with higher margins), and usually not promoted to doctors.

Supreme Court on Monday said it will lay down broad guidelines for courts across the country to deal with the issue of summoning officials in cases involving the government and their officials. A bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra said there must be different set of procedures to deal with contempt proceedings arising out of non-compliance of final judgements and the interim orders passed in pending cases. In pending cases, the affidavits of officials may serve the purpose and in contempt cases, arising out of non-compliance of court orders, the presence of government officials concerned may be necessary, the bench said.

The Reserve Bank of India (RBI) issued detailed guidelines on August 18 to reset the interest rates for equated monthly installments (EMI) in floating interest loans. “Any increase in the EMI/tenor or both on account of this shall be communicated to the borrower immediately through appropriate channels," RBI said in a release.

The Central Board of Direct Taxes (CBDT) has issued fresh guidelines under clause (10D) of Section 10 of the Income Tax Act 1961. Clause 10(D) of Section 10 of the IT Act provides for income-tax exemption on any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy. However, such an exemption is subject to certain exclusions.

tax benefits on fat insurance policies which was announced in this year’s union budget. The detailed 17-page guidelines posted on the tax authority’s website explained the changes introduced in the Income Tax Act this year with situations and examples.

Check out what's clicking on FoxBusiness.com