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SEBI Puts In Place Framework For Upstreaming Of Clients’ Funds By Brokers To Clearing Corps

To safeguard clients’ funds, capital markets regulator SEBI on Thursday came out with a framework that requires the upstreaming of all client funds received by stock brokers to clearing corporations.

Under the framework, no clients’ funds will be retained by stock brokers on an end-of-day basis. Further, clients’ funds will

 
nikholas
June 8, 2023
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Business

Speed will be the name of the game: Hero MotoCorp CEO

Country’s largest two-wheeler manufacturer Hero MotoCorp has recently appointed Niranjan Gupta as the new Chief Executive Officer (CEO). Effective May 1, he takes the baton...

nikholas
June 7, 2023
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Business

Apple’s Vision Pro AR headset to cost three times more than Meta’s Quest Pro – Details

Apple WWDC 2023: Apple has finally forayed into the domain of VR headsets, which has so far been ruled by Meta, Sony Group and to...

nikholas
June 6, 2023
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Business

Former US VP Mike Pence enters 2024 Republican presidential race

Former US Vice President Mike Pence on Monday officially entered the 2024 presidential election, setting up a fight against former President Donald Trump. Pence's campaign filed...

nikholas
June 5, 2023
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Business

Under-construction bridge collapses in Bihar, no casualties reported

An under-construction bridge over the Ganga river collapsed in Bihar‘s Bhagalpur district on Sunday, prompting the state government to direct the building construction department to...

nikholas
June 4, 2023
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Business

Stock Market Rally Shows Character Change With Tesla, Apple In Focus; Here’s What To Do Now

The stock market rally showed growing momentum this past week, with the major averages all making big moves. Dow Jones futures will open Sunday evening,...

nikholas
June 3, 2023
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Business

Urad Dal: Centre to impose stock limits on tur and urad dal till October 31

The central government has decided to impose stock limits on pulses – tur and urad till October 31, the ministry of consumer affairs and food...

nikholas
June 2, 2023
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Business

U.S. Steel cut to Sell equivalent at Wolfe with headwinds growing; Nucor raised (NYSE:X)

lyash01/iStock via Getty Images U.S. Steel (NYSE:X) -0.9% in Thursday's trading to its lowest intraday level in seven months after Wolfe Research downgraded the stock...

nikholas
June 1, 2023
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Business

Ford stock falls after CEO says EV price parity is unlikely until after 2030

fredrocko/iStock Unreleased via Getty Images Ford (NYSE:F) CEO Jim Farley may have pushed back some investor expectations on the profitability timeline for the electric vehicle...

nikholas
May 31, 2023
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Business

China sends first civilian into space, eyes moon landing by 2030

Kevin Frayer/Getty Images News China on Tuesday sent a three-person crew including the country’s first civilian astronaut to space, where they will spend the next...

nikholas
May 30, 2023
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Recent Posts

  • Energy Drinks Market Growth, Demand, Trends Analysis, Challenges and Future Share 2033
  • Clever Ways to Add Storage Space In Your Home Remodel
  • SEBI Puts In Place Framework For Upstreaming Of Clients’ Funds By Brokers To Clearing Corps
  • Bye Bye Ubuntu, Hello Manjaro. How Did We Get Here?
  • Truth and Journalism: Lessons from CNN’s Townhall Meeting
  • California Gov. Gavin Newsom proposes constitutional amendment to tighten access to guns
  • 16 Best Chinese Five Spice Substitute To Try!- TheFoodXP

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