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Sebi) Tuesday barred foreign portfolio investors from issuing offshore derivative instruments (ODIs), locally referred to as participatory or P-notes, which have an India-listed security as an underlying asset. Additionally, the regulator prohibited overseas funds from hedging ODIs with derivative positions on Indian stock exchanges. Furthermore, Sebi asked foreign portfolio investors (FPI) issuing ODIs to obtain ownership information of all the investors holding such instruments.

Sri Lankan President Anura Kumara Dissanayake said his government is not concerned with Adani Group's dealings with other countries, but is instead focused only on what the conglomerate does in Sri Lanka. He said his «stable government» intends to «pave the way» for more Indian investments. «We don't have any concerns over how they (Adani) work with other countries. What is important for us is how they work with us,» Dissanayake told ET in an exclusive interview on Tuesday. «We are basically concerned about our investments, our development. We will be looking at how they have worked in our country. If they have worked in a manner that suits us, fits our initiatives, we don't mind working with Adani Group.» Also Read: No compromise on India's security, seeks stronger ties, says Sri Lanka's President

UAPs) across several US states which included New York, New Jersey and Pennsylvania have eventually sparked widespread speculation and conspiracy theories, reported Metro. According to Metro, these sightings have been attributed to various explanations which include drones, planes and even potential foreign surveillance. During such times, the FBI has stated that they do not pose a national security threat but the lack of clarity has fueled panic among the public. Also Read :Landman: Here’s Episode 7 release date, where to watch, upcoming episode schedule and cast

Financial advisors will soon — and for the first time — hold more of their clients' assets in exchange-traded funds than in mutual funds, according to a new report by Cerulli Associates.

Global security leaders are warning nuclear threats are growing as weapons spending has surged to $91.4 billion last year

A Russian woman who was arrested after she stowed away on a flight from New York City to Paris last month has been arrested again in Buffalo

Tethered drones have been deployed in the Maha Kumbh area to provide comprehensive aerial surveillance ahead of next year's event, officials said on Tuesday. The high-tech device capable of capturing high-resolution images, videos, and sensor data leaves no corner of Mahakumbh Nagar unmonitored, they said. Held every 12 years, the Maha Kumbh is scheduled to take place in Prayagraj from January 13 to February 26. The state-of-the-art system is a major step towards safeguarding the devotees, officials said, adding that Senior Superintendent of Police (SSP) Rajesh Dwivedi has appointed an expert team to oversee its operation.

New Jersey and other East Coast states during a latest CNN interview while asserting that these drones do not pose a public safety or national security threat, reported Daily Beast. According to Daily Beast, he gradually explained that the drones in question are likely lawful commercial, hobbyist or might be law enforcement drones while emphasizing on the very fact that millions of drones operate legally across the US on a daily basis. John Kirby also noted that federal authorities have recently analyzed more than thousands of tips and sightings which actually concludes that there is no evidence of any illegal activity associated with these drones. Also Read :Elon Musk once called Apple co-founder Steve Jobs a jerk; dubs Apple as Tesla's graveyard; here's all he said about the iPhone maker and its founder

RBI) has lifted the business restrictions on Edelweiss Group's NBFCs, ECL Finance and Edelweiss Asset Reconstruction Co (ARC) after being satisfied with the remedial measures put by both companies. “Having satisfied itself based on submissions and remedial measures put in place by these companies to address the concerns of RBI and their commitment to ensure adherence to the regulatory guidelines at all times and on an ongoing basis, the Reserve Bank has decided to lift the afore-mentioned restrictions placed on ECL Finance Limited and Edelweiss Asset Reconstruction Company Limited, with immediate effect,” RBI said in a press release. On May 29, RBI had imposed restrictions on both companies for what it described as 'material' transgressions that allegedly involved 'evergreening of stressed assets'. ECL Finance was directed to cease and desist from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/ or closure of accounts while Edelweiss ARC was directed to stop acquisition of financial assets including security receipts (SRs) and reorganising the existing SRs into senior and subordinate tranches.

DIGI-EXAM system to check impersonation, multi-stage and multi-session testing, test centre allocation policy, setting up secured test centres in each district and mobile testing centres in rural and remote areas are among the recommendations made by the Centre's high-level panel on exam reforms. The report by the seven-member panel headed by former Indian Space Research Organisation (ISRO) chief R Radhakrishnan was made public on Tuesday. The panel noted that there was a strong case for transition from pen-and-paper based tests to Computer Based Test (CBT) as the preferred methodology while the challenges in reaching out to underserved areas could be network, test infrastructure and competent human resources. The panel recommended the introduction of a DIGI-EXAM system on the lines of DIGI-YATRA to ensure that only the candidate writing the exam joined the intended programme.

On your last vacation, remember the number of times you had to show your physical Aadhaar card and Permanent Account Number (PAN) card to comply with know-your-customer (KYC) norms at hotels and airports? For booking air/train tickets, boarding flights and trains, and checking into hotels, you must carry your KYC documents with you at all times. The same requirement goes for hospitals, banks, government offices and departments, and even some shopping centres.

Databricks said on Tuesday it had secured a valuation of $62 billion after a $10 billion funding round led by Thrive Capital, highlighting the robust demand for artificial intelligence-focused startups. The data and analytics company will invest the funds in new AI products and acquisitions while expanding its international footprint. The massive fundraise highlights Silicon Valley's unprecedented appetite for companies capitalizing on the AI boom.

demand, according to the All India Sarafa Association. Besides, the US Federal Reserve, which starts its two-day monetary policy meeting on Tuesday, is expected to announce its interest rate decision, which could have an impact on the overall gold performance next year. The precious metal of 99.9 per cent purity ended at Rs 78,350 per 10 grams on Monday.

A popular retirement strategy known as the 4% rule may need some recalibration for 2025 based on market conditions, according to new research.

Nifty finally closed at the lows. A long bear candle was formed on Nifty’s daily chart on Tuesday, which has almost erased the gains made on Friday. Technically this market action is indicating a lack of strength to sustain the upside bounce.

Portfolio Investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as underlying or use derivatives to hedge their ODIs in India. «A Foreign Portfolio Investor shall not issue ODIs with derivatives as reference/underlying. A Foreign Portfolio Investor shall not hedge their ODIs with derivative positions on Stock Exchanges in India. Accordingly, ODIs shall only have securities (other than derivatives) as underlying and shall be fully hedged with the same securities on a one-to-one basis, throughout the tenure of the ODI,” a Sebi circular issued on Tuesday said.

Cloud computing solution provider AceCloud on Tuesday announced a new cloud region in Noida in partnership with data solution provider firms NetApp and Quantum. A cloud region is a specific geographic area containing multiple data centres owned by a service provider. The cloud region will offer low-latency access to advanced cloud technologies with enterprise-level reliability, integrated security, and disaster recovery features, a company statement said. It will offer affordable pricing plans for high-performance cloud services. The pricing for compute for GPU will start from $ 0.03/hour and object storage at $ 7/TB/month, it said.

The Private Intermittent Securities and Capital Exchange System (PISCES) will allow shares in private companies to be bought and sold, a change that is set to «open the door to more opportunities for investors to take stakes in private companies», according to the FCA.  The watchdog and the government have deemed PISCES a «world-leading innovation» in private markets, following an increase in the number of years that companies remain under private ownership.  Data from Morningstar revealed the median age for a company to go public has increased from almost seven years in 2014 to over ...

President-elect Donald Trump told reporters that he would consider pardoning embattled New York Mayor Eric Adams, said the country was “not going to lose” the polio vaccine and weighed in on the flurry of drone sightings over New Jersey during a freewh...

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