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The Securities and Exchange Board of India does not limit the number of demat accounts that an investor can open. To be sure, many investors have multiple demat accounts, usually to segregate their investments. The same goes for trading accounts but that though depends on the number of brokers they are dealing with. And most brokers won’t let you link your existing demat account to their trading account. They would rather insist you open a combined trading and demat account with them.

The Securities and Exchange Commission is poised to impose new fees on brokers to help pay for an expansive market-surveillance system. 

Energy stocks have been on a tear in recent weeks, with the latest boost coming from surging crude oil prices, which recently rose to their highest level of 2023 to around $87 per barrel.

By Jarrett Renshaw and David Lawder

By Patrick Wingrove

financial services company based in Chennai which was launched in the year 2020, to democratize finance and make it accessible to all, is all set to shift gears as they are preparing to launch their Fintech app. Finfortune is leaving no stone unturned working towards the launch of their Fincover app, a cutting-edge fintech application that is set to redefine the way you manage your finances. Packed with innovative and punchy features, the Fincover app empowers you to take control of your financial future like never before.

New Delhi (India), September 2: In an era where healthcare costs are rising and chronic diseases are prevalent with 250 million chronic patients in India, insurance companies are redefining their roles beyond mere financial protection. Traditionally, insurance companies have primarily focused on reimbursing medical expenses incurred after illness or injury.

Texas, United States & Bengaluru, Karnataka, India – Business Wire India Capillary Technologies, a global leader in loyalty technology solutions, is pleased to announce the promotion of Melody Mitchem to the position of Global Head of Human Resources. Melody's appointment comes as a result of her exceptional contributions to the company since her arrival through Capillary’s acquisition of Brierley.In her short time at Capillary, Melody has demonstrated remarkable leadership and strategic prowess.

Old Bridge Capital Management (OBCM) has received the Securities and Exchange Board of India’s (Sebi’s) approval to start its mutual fund operations under Old Bridge Mutual Fund. Kenneth Andrade, Founder of OBCM, said, “We are delighted to receive this licence to commence operations for Old Bridge Mutual Fund and will be launching our maiden actively managed equity scheme. As we move forward with our newly acquired licence, we remain committed to providing investors with long-term investment solutions on its mutual funds platform as well.” Old Bridge Capital Management was incorporated in December 2015 and the company is registered with Sebi as a portfolio manager. OBCM’s media release on Wednesday claimed that the company was also an investment manager and sponsor to a Sebi-registered Category III Alternative Investment Fund named Old Bridge Capital AIF. The company website claims that Andrade has managed a portfolio of over a billion dollars with a track record of beating the benchmark every year since 2006. OBCM manages equity portfolios through two structures — Portfolio Management Services and Category III Alternative Investment Funds — the release said. Earlier, Reliance Industries Ltd’s financial services arm Jio Financial Services (JFS) and BlackRock have signed an agreement to form a 50:50 joint venture to offer investment solutions.

Story Protocol, a startup that uses blockchain tech to track intellectual property (IP), has secured more than $54 million in funding driven by venture capital giant Andreessen Horowitz (a16z) crypto.

Airport. It said that the commuters can use metro services to go to the Airport from the nearest metro station.

₹246.85 apiece on the BSE. Jio Financial Services Ltd (JFSL), the demerged non-banking financial services unit of Mukesh Ambani-led Reliance Industries, will be dropped from Nifty 50 and other NSE indices, on September 7, the stock exchange NSE said on Tuesday. JFSL shares will be dropped from 19 NSE indices, including Nifty 50, Nifty 100, Nifty 200, Nifty 500, Nifty Energy, Nifty Commodities and Nifty Oil & Gas.

challan number, etc. are correctly filled in the income tax challan. Now, the income tax department has launched a new feature on the income tax return (ITR) portal to correct mistakes in the income tax challan. Do keep in mind that you can only use this feature within seven days of making the income tax payment. If the mistake has to be corrected after seven days, the old process (offline method) has to be followed. According to Milin Bakhai, Associate Partner, N.A. Shah Associates, a Mumbai-based chartered accountancy firm, “The new feature of online challan correction is applicable in respect of challan pertaining to AY 2020-21 (FY 2019-20) and onwards. This means that if an individual is making a tax payment related to AY 2020-21 or any year after that now and a mistake has been made. In such a case, specific corrections can be done online within a specified time period instead of visiting the income tax office.”

The move to expand the programme follows an earlier pilot in 2022 conducted by EY and a subsequent 'Discovery Phase' held in consultation with market participants, including Barclays, Lloyds, HSBC, Santander and Visa. It follow a recent PoC run by the Federal Reserve with a clutch of top banks that demonstrated the feasibility of a an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger. While the UK Discovery Phase explored the delivery of a RLN for wholesale paymnts, the PoC will track the retail consumer market. This would test the use case for a RLN that would provide commercial bank money with the equivalent programmability of a future digital pound, in this way ensuring competitive consistency in the event of a full scale CBDC roll out. The importance of this was emphasised in a speech given in July by Bank of England governor Andrew Bailey, who stated: "We want to encourage more thinking and action in the world of enhanced digital bank deposits - sometimes call tokenised deposits.

Information theft is on the rise

World Cup squad and the Asian Cricket Council confirmed that the Asia Cup would stick to its original schedule. The Super Four stage would be played in Colombo after logistical problems made moving to Hambantota at short notice too much of a challenge. In addition to this, at least one team was reluctant to make the move. With the Indian team there were no surprises. The fifteen were picked from the group involved in the Asia Cup, with the exception of Prasidh Krishna, Tilak Varma and reserve wicketkeeper Sanju Samson. At the press conference announcing the team, both captain Rohit Sharma and chief selector Ajit Agarkar stressed that the guiding principle in this selection was balance. The team actively looked at multifaceted cricketers, led by Hardik Pandya, named vice-captain, Ravindra Jadeja, Axar Patel and Shardul Thakur. The batting picked itself, with all first-choice players being fit and available for selection. If there was one talking point, it was that India had only one slow bowler who took the ball away from left-handed batsmen, in Kuldeep Yadav.

Nirmala Sitharaman has emphasized that the focus of the Indian G20 presidency’s finance track was to strengthen multilateral development banks (MDBs) to address the mounting debt challenges faced by developing economies. The G20 under Indian presidency is also working on solutions that can constructively contribute to the efforts that MDBs are undertaking.

This renewed caution is due to the emergence of two new variants: Omicron EG.5 (Eris), predominant in the US, and the spreading BA.2.86 variant. The World Health Organization (WHO) classifies EG.5 as a «variant of interest» as cases increase worldwide. While EG.5 doesn't appear substantially more dangerous than other variants, health officials remain vigilant. The situation underscores the importance of vaccination, mask-wearing, and adherence to public health guidelines, particularly among vulnerable populations.

emerging market story. It grew at an average annual pace of 6.6% in the decade to 2019-20. In 2022-23, with a growth rate of 7.2%, India outperformed most other major economies.

Olympic gold medalist Adam Peaty, 28, and fellow Team GB swimmer Luke Greenbank, 25, has come to light. The incident reportedly ensued after Peaty allegedly made a provocative comment about Greenbank's partner and then slapped Greenbank on the backside. The tense clash occurred during a British Swimming training camp.

«Yes, so if you look at the dealer inventories, the dealers have also been stocking up in order to meet the festival demand, which will start in the early third quarter,» says Vivek Karve, CFO, Mahindra Finance.I was going through your disbursement numbers, and it is again a wealthy, healthy set that has come in so far. Is it fair to assume that the quarterly run rate will continue to be around the Rs 13,000 crore mark for Q2 FY24?While I will not be able to give a very specific quarterly guidance, what we are quite confident about is about continuing of the momentum.