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Sebi mandated that 'at least one key personnel' on the investment team of the 'manager of an alternative investment fund (AIF)' should have NISM (National Institute of Securities Market) certification by passing the NISM Series-XIX-C exam. This regulation came into force from May 10 and will have to be complied with by May 9, 2025. What does Sebi hope to achieve by setting down this rule for investment managers? One can only assume the following: Positive signalling: It would send a powerful signal to teams and communities of the prowess of a certified fund manager. Certification=legitimacy: Almost every other profession — lawyers, company secretaries and doctors — requires certification. Moreover, with changes to the regulatory regime, experienced professionals have undergone additional examinations to become insolvency professionals under IBC, chartered valuers, or chartered financial analysts. Certification brings legitimacy and is an invaluable tool for any profession's self-regulating ability. Lifelong learning: As professionals, the value of adapting to changing business environments can't be understated. Taking this exam not only encourages young professionals, but also exemplifies a commitment to continuing education and evolution.

Kolkata Knight Riders (KKR) dominated Sunrisers Hyderabad (SRH) in every aspect, securing their third IPL championship with an emphatic eight-wicket victory in the relatively one-sided IPL 2024 title clash at the MA Chidambaram Stadium on Sunday. KKR’s bowlers, spearheaded by stellar performances from Andre Russell (3-19), Mitchell Starc (2-14), and Harshit Rana (2-24), bundled out SRH for a meager 113, marking the lowest total in an IPL final. In response, KKR's batsmen, led by Venkatesh Iyer's unbeaten 52 off 26 balls, chased down the target in just 10.3 overs, securing their second IPL title in Chennai. However, many cricket enthusiasts were left disheartened by the result and took to social media to express their disappointment.

BlastUP, the premier launchpad on Blast, has confirmed its robust utility by successfully launching its first IDOs. As its presale nears completion, it continues to garner significant attention from crypto enthusiasts. The amount of funds raised so far is approaching 7 million, and BlastUP already boasts a large and passionate community of supporters.

The recent approval of Ethereum exchange-traded funds (ETFs) has opened the doors for more crypto investment products, according to research from TD Cowen’s Washington Research Group.

GTA 6 is scheduled for release in fall 2025. At first, there was little information available, as the launch trailer only hinted at a 2025 release.

ALSO READ: Biden, Kenya's Ruto to discuss Kenyan debt relief this weekThe Missions in Haiti confirmed to US media that Montis was the third victim.In the previous post, the Missions in Haiti stated that all three were attacked by two separate armed groups, first by gunmen in three vehicles.Following this, another group arrived, and a gang member was shot dead. This led to the three missionaries trapped in the house, and in the gang war, all three people died."They are holed up in there, the gangs have shot all the windows out of the house and continued to shoot," the post said.However, a police spokesperson claimed that the gunmen entered the house and looted it before murdering the missionaries, adding that the gang then took the trucks, loaded everything they wanted and fled.

India is positioning itself as a key player in the renewable ammonia market with several international trade agreements already inked and more on the horizon. According to S&P Global Commodity Insights, however, industry insiders emphasize the need for greater policy clarity and price stability to transform these agreements into binding deals. The country's ambition to produce 5 million metric tons (mt) of renewable hydrogen by 2030 and secure a 10 per cent share of the global trade by that time underscores its commitment to renewable energy.

Tripura government on Sunday issued a red alert in four districts — South, Dhalai, Khowai, and West — in the wake of severe cyclonic storm 'Remal' which is likely to make landfall between Bangladesh and adjoining West Bengal coasts by midnight. «On Sunday, the chief secretary convened a meeting of the state executive committee of disaster management with all stakeholders to review the preparedness for 'Remal'. Officials from the revenue and meteorological departments, Airports Authority of India and security forces attended the meet,» revenue secretary Brijesh Pandey told reporters. «Thunderstorms with lightning, squally winds reaching speeds of 60 kmph, gusting to 70 kmph, and heavy to very heavy rainfall are likely in isolated areas of South, Dhalai, Khowai, and West Tripura districts on May 27. Hence, a red alert has been issued in these four districts,» he added. Pandey mentioned that orange and yellow alerts have been issued for the remaining districts for May 27 and 28.

₹650 crore across all schemes.In their plea filed before the tribunal last week, the investors alleged that the schemes were wrongfully extended beyond the permissible time, leading to breach of contract, causing “grave inconvenience" to the investors.“The fund has clearly made a mockery of the trust and faith invested by the applicants along with other investors," investors said in the plea cited earlier. “The trustees have failed to maintain the integrity and highest standards expected, particularly in not ensuring proper care, due diligence and independent professional judgement in winding up the schemes."A real estate fund, with corpus typically pooled from retail investors, invests in securities of real estate companies.A copy of the petition was seen by Mint.In December 2023, Sebi had passed an order against Unitech Advisors (now known as Auram Asset Management) — the fund manager to the realty fund —, its directors Sanjay Chandra, Ajay Chandra, Ramesh Chandra, and Hitendra Malhotra.

₹1-1.5 trillion on a daily basis, as has been the case since April. Yet, the bank surpluses that have flowed into the SDF have been buoyant and could lie in a range of ₹60,000-80,000 crore. This shows that the system is not one-sided.

Indian shuttler and two-time Olympic medalist PV Sindhu conceded a defeat in the final match of the Malaysia Masters competition against China's Wang Zhiyi on Sunday. The Indian shuttler lost to her Chinese opponent 21-16, 5-21, and 16-21 in the final match of the women's singles. Sindhu started the final game on a good note and dominated the first set as she won it by 21-16. In the second set, the Chinese made a comeback in the game and didn't give Sindhu a chance to clinch points. Zhiyi won the second set by 5-21. In the final set, Zhiyi had the last laugh of the game as she beat Sindhu by 16-21.

Kolkata Knight Riders and Sunrisers Hyderabad on Sunday at Chennai's MA Chidambaram Stadium, former Australia cricketer Shane Watson said that the Pat Cummins led-side has a slight advantage but the Knight Riders are favourites to lift the title. KKR finished the league stage on the top of the points table with nine wins, three losses and two no results, giving them 20 points. They earned a direct spot in the final by defeating SRH in the qualifier one. SRH got a second shot at the title in the qualifier two against Rajasthan Royals (RR) and they made the most of it by defeating the Men in Pink by 36 runs. Both teams have been incredible with the bat this season. KKR and SRH have posted six 200-plus totals this season, three each. SRH also made the highest IPL total over, 287/3 against Royal Challengers Bengaluru (RCB). When the tournament is all said and done, it will be looked at as something game-changing, something that could bring a paradigm shift to the way T20s are played and the credit will go to these two teams.

Taiwan's president said Sunday he was still open to working with China on building "mutual understanding and reconciliation", days after Beijing launched military drills around the self-ruled island in response to his inauguration speech. President Lai Ching-te was sworn into office on Monday, and China — which claims democratic Taiwan as part of its territory and regards Lai as a «dangerous separatist» — launched military games around the island three days later. Fighter jets, naval vessels and coast guard ships encircled Taiwan until Friday night, which Chinese military analysts said was to practice seizing it.

Kolkata Knight Riders (KKR) played an IPL final in Chennai was in 2012 against the Chennai Super Kings. It was an iconic match that solidified Gautam Gambhir’s reputation as an exceptional leader. His strategic brilliance had led KKR to victory. Gambhir's leadership prowess shone again in 2014 when he led KKR to another title, cementing his status as a beloved figure among fans. The spotlight is on Gambhir again, now as a mentor for KKR, which is one step away from winning their third title. Gambhir is also a strong candidate for the Indian head coach position. A victory would not only bolster his credentials but also amplify calls for his inclusion in the Indian team’s coaching staff.

Whether you're a student, a professional, or someone seeking a reliable secondary device, these budget-friendly smartphones provide impressive functionality without breaking the bank. Read on to discover the top contenders that offer the best balance of quality and affordability.

IPO rush sets up India’s equity market for another record year“The surge in IPO activity is fuelled by soaring Indian stocks, robust economic growth, and corporate earnings consistently outpacing expectations, inspiring more companies to go public. As a result, IPO market has seen a significant boost, with large corporate houses and new –age businesses like Tata Capital, Hexaware, Ola Electric, and Swiggy gearing up for their public market debuts in 2024-25," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.Vilas Transcore IPO opens for subscription on May 27, 2024, and closes on May 29, 2024.

earlier article in Lounge explained, an NPU is a dedicated AI processor, specifically designed to take some of the load off your computer’s CPU and GPU when handling AI-related workload. Essentially, in an AI PC, which will have more computing power and storage, you can run large language models (LLMs) locally. Such devices will not only save time, but, according to a Microsoft blog, also help with productivity and remove previous limitations such as latency, privacy, and cost.

Indian airports, calling it a “bottleneck" for passengers.In a post on X (formerly Twitter), Kapoor wrote, “Airport entry queues and ID/ticket checks - India is the only major country I am aware of that requires this. I wonder if there is a way forward that does not require this bottleneck."He further mentioned that DigiYatra, an application which helps facilitate a smooth and paperless air-travel experience, is only for tech-savvy air travellers.

IPL 2024. The description stated, “This year’s tournament has been brimming with excitement, and many are eager to see which team will be crowned champion."Moreover, the tournament started with ten teams from all over India split into two different groups.

constituencies of Bihar passed off peacefully on Saturday, with a provisional voter turnout of 55.45 per cent, nearly 3.02 per cent lower than the 2019 polls, officials said. Constituency-wise, Paschim Champaran recorded the highest voting percentage of 59.75, followed by Vaishali (58.5), Valmiki Nagar (58.25) Purvi Champaran (57.3), Sheohar (56.3), Siwan (52.5), Maharajganj (51.27) and Gopalganj (50.7), chief electoral officer H R Srinivasa said, adding that the figures are provisional.