PhonePe’s Share.Market has introduced Futures and Options (F&O) trading on its platform, enhancing its offerings with comprehensive trading tools. Within seven months of its launch, Share.Market has garnered over 1.55 million lifetime customers and facilitated over 1.4 million monthly active MF SIP transactions.
India is advocating for a reduction in cross-border remittance costs at the World Trade Organization (WTO), emphasizing the importance of promoting interoperability and digital payment systems to achieve cheaper and more transparent transactions.
With remittances being a significant part of India’s balance of payments, officials highlighted the necessity of addressing high transaction fees, especially considering that lower-income countries receive a majority of these funds.
The proposal has garnered support from various nations, with India suggesting a work program to assess and potentially mitigate the factors driving up remittance costs, particularly through digitalization and technological advancements
The National Stock Exchange (NSE) is preparing to initiate its IPO process but awaits approval from SEBI, as stated by MD and CEO Ashish Chauhan on April 4 in Mumbai. Chauhan noted that once SEBI is more comfortable with NSE’s operations, the exchange will re-apply for the IPO. The delay in NSE’s listing is attributed to past corporate governance issues and technological failures, including the 2015 co-location scam and trading halts in 2021. Despite reporting an 8% YoY increase in net profit for Q3FY24, NSE is awaiting clarity on timelines from SEBI.