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At present, the Securities and Exchange Board of India (Sebi) rules allow private equity funds to borrow funds only for temporary funding needs. It prevents category 1 and 2 alternative investment funds (AIF) from borrowing more than four times a year and each borrowing must be for not more than 30 days and not more than 10% of the investable funds.
Robinhood users say accounts were looted, no one to callThe wildly popular app has no emergency phone number and customers watched helplessly as their money vanished.
from Stocks-Markets-Economic Times https://ift.tt/2GMl6Bh
… Read MoreWipro Q2 results preview: Net profit may rise sequentially, all eyes on guidanceMotilal Oswal expects Wipro to report a 4.1 per cent decline in September quarter net profit from a year ago, while it may have risen 1.8 per cent from the quarter before.
from Stocks-Markets-Economic Times https://ift.tt/2… Read MoreChina aims to cool Yuan’s surge by reducing cost of shortingFinancial institutions will no longer need to set aside cash when purchasing foreign exchange for clients.
from Stocks-Markets-Economic Times https://ift.tt/36THBik
… Read MoreGuardians of global economy to meet under cloud of historic recessionThe International Monetary Fund and World Bank will hold their annual meetings, with both calling on the Group of 20 largest economies to extend a freeze in debt payments from the world’s poorest nations that’s set to expire … Read MoreWall Street closes higher on US stimulus hopesWrangling in Washington over pandemic aid has dominated global markets this week, and although U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to hammer out a deal, talks will continue despite Rep… Read More
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