Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Sebi introduces lighter certification framework for non-core staff
Markets regulator Sebi on Wednesday introduced a lighter certification framework for sales and non-core staff in investment advisory roles to ensure ease of doing business. The initiative streamlines requirements for employees managing client relations, thereby reducing the compliance burden on firms. "Based on the feedback from market participants and as a step towards ease of doing business, it has been decided to specify a lighter NISM certification module for PAIA, such as sales staff, relationship managers and other staff, who only perform sales and other non-core services," Sebi said in its circular. These staff have contacts with the client but are not directly associated or involved in investment advice-related aspects, it added. The regulator said, "PAIA who perform only sales and other non-core services, shall obtain certification from NISM by passing the 'NISM SeriesXXV-B'." PAIA, other than those who perform sales and other non-core services, will continue to obtain ..
Sebi introduces lighter certification framework for non-core staff in investment advisory roles
The Securities and Exchange Board of India (Sebi) has launched a new certification, 'NISM Series-XXV-B', specifically designed for investment advisory personnel focused on sales and client interaction. This initiative is intended to simplify operational processes for financial firms while maintaining compliance standards. However, professionals in primary advisory roles will still need to obtain 'NISM Series-X-A' and 'X-B' certifications, ensuring a comprehensive regulatory framework.
Manglam Group to invest Rs 350 crore in Sheraton hotel in Jaipur
Rajasthan's Manglam Group is investing Rs 350 crore to build a 220-key Sheraton Hotel on the Jaipur-Ajmer Highway, marking their third partnership with Marriott International. This project is part of a larger Rs 1,000 crore hospitality investment plan. The hotel aims to showcase Jaipur's culture and boost its global profile for tourism and business, leveraging its strategic location near key destinations and a major SEZ.
India Weighs Return To Iranian Oil As Ministers Prepare For Crucial Talks — Profit Exclusive
The discussions are expected to focus on cooperation across the oil and gas sector, including crude supplies, investment opportunities and broader energy ties between the two countries.
SEBI introduces lighter certification framework for non-core staff in investment advisory roles
SEBI introduces lighter NISM certification for PAIA sales and non-core staff, while core advisory staff must still clear NISM Series X Level 1 and 2, rules effective immediately.
SIP Vs Lumpsum: If You Invest Rs 1 Lakh, Which Route Builds More Wealth?
There is no single investment approach that works best for everyone.
India may not be winning the AI race, but its economy is still growing fast: S&P
While economies linked to semiconductor manufacturing are benefiting the most from the AI investment boom, India’s growth remains supported by strong domestic demand, according to S&P Global Ratings. The agency expects the economy to grow around 6.6% despite global trade uncertainties.
MUFG consolidates Ganesha Fund with Dragon, eyes $600 million second fund
Mitsubishi UFJ Financial Group will merge Ganesha Fund's operations with Dragon Funds, enhancing investment processes in India. The new fund aims to raise $600 million, focusing on growth-stage technology companies globally, especially in India.
US tech rally has further to run; India well placed: John Stoltzfus
John Stoltzfus, MD and Chief Investment Strategist at Oppenheimer Asset Management remains positive on the long-term artificial intelligence (AI) and technology investment cycle, expects the Fed to stay on hold, and sees emerging markets outperforming developed peers.
Cholamandalam Investment & Finance Company Ltd spurts 3.13%, gains for five straight sessions
Cholamandalam Investment & Finance Company Ltd is quoting at Rs 1779.9, up 3.13% on the day as on 12:44 IST on the NSE. The stock is up 10.64% in last one year as compared to a 4.96% fall in NIFTY and a 0.59% fall in the Nifty Financial Services.
No slowdown yet, but inflation and El Niño are risks: ITC's Sanjiv Puri
ITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted strong Indian economic fundamentals despite global uncertainties, with inflation and El Niño as key concerns. Puri emphasized sustained margin expansion in FMCG, aiming for 80-100 basis points annually, and sees significant growth potential in nutrition-focused offerings and exports.
Nisus Finance to raise up to Rs 4,000 crore through a real assets investment platform
Nisus Finance is launching a real assets platform to raise up to Rs 4,000 crore, targeting yield-generating and value-accretive real estate opportunities across India. The platform will attract domestic and UAE-based investors, including family offices and ultra-high-net-worth individuals. A key vehicle, the Nisus Yield and Asset Multiplier Fund (NiYAM), will focus on structured credit and equity enhancement for projects like plotted developments and redevelopment.