Market Bizzz

Spot gold was unchanged at $1,982.58 per ounce by 0012 GMT. U.S. gold futures fell 0.1% to $1,990.80.

The Aussie dollar kept near the middle of its recent trading range with the greenback ahead of the Reserve Bank of Australia’s (RBA) policy decision at 0430 GMT, with money markets positioned for a second meeting with no change. However, there remains a risk of another hike in the second half of the year.

Nifty declined marginally since January, while markets like the US, Germany, France, Korea, and Japan have risen 10-16% in the period. Foreign portfolio investors (FPIs) have net sold shares worth Rs 14,156 crore this year after selling Rs 1. 50 lakh crore of equities in 2022. The underperformance of the Indian market followed a strong performance from 2020 until the middle of 2022.

An organisation’s reputation is closely linked to the behaviour of its employees, the Insurance Regulatory and Development Authority of India (Irdai) said, adding “Social media should be used in a way that adds value to the organisation’s business”. ​​The Information and Cyber Security Guidelines, which were issued by Irdai to all insurers, have a specific section on ‘Acceptable usage of social media’.

The Securities and Exchange Board of India (SEBI) has requested trustees to scrutinise the investors and the proportion of high-risk clients and non-profit investors in each fund, along with the proportion of investors in countries found on the Financial Action Task Force’s grey list, or the United Nations Security Council’s consolidated list. Trustees have also been asked to evaluate the degree of checks on politically-exposed persons and sensitive clients, and examine whether the right documents are being collected from investors and their jurisdictions while know-your-customer (KYC) and anti-money laundering measures are being carried out.

While Parthasarathy has been restrained from holding the post of director, or any key managerial position in any listed public company and associating with any registered intermediary for 10 years, the same for KSBL’s then directors — Bhagwan Das Narang, Jyothi Prasad — is two years.