Several fund houses are advocating for regulatory focus on concentrated and interconnected private equity and venture capital funds (CIFs) to address concerns of sharp practices in the industry.
These funds, where a small number of investors hold significant influence, are believed to require additional compliance standards to prevent the misuse of fund structures to bypass regulations.
Some alternative investment fund (AIF) managers suggest that if a single investor contributes over 50% of the AIF’s corpus, they should not enjoy the status and benefits of qualified institutional buyers (QIBs).
RBI’s recent directive urging banks and card schemes like Visa and Mastercard to avoid exclusive arrangements could disrupt long-standing partnerships, impacting the way banks conduct credit card businesses.
Banks traditionally relied on collaborations with global card schemes for profitability and customer attractiveness. However, the directive allows consumers to choose alternatives like RuPay, challenging banks to offer comparable propositions.
The move aligns with a broader effort to promote RuPay as a significant player and reduce dependence on international giants.
RBI Governor stated in an interview that India’s GDP growth for the current fiscal year ending in March could be “very close” to 8%. The country’s economy recently achieved its fastest growth in 18 months, with a rate of 8.4% in the final quarter of 2023.
NSE Indices launched two new indices: the Nifty500 Multicap India Manufacturing 50:30:20 and the Nifty500 Multicap Infrastructure 50:30:20. The former aims to track the performance of large, mid, and small-cap stocks representing the manufacturing theme within the Nifty 500 index, while the latter focuses on the infrastructure theme.
The weight of stocks in the indices is determined by free float market capitalization, with a fixed 50% weight for large caps, 30% for midcaps, and 20% for small caps, with individual stock weight capped at 10%.