The Securities and Exchange Board of India (SEBI) has unveiled a progressive framework to ease the entry of Indian stock brokers into the GIFT-International Financial Services Centre (GIFT-IFSC). This move is set to simplify cross-border operations a...
On October 4, 2024, the Reserve Bank of India (RBI) issued a Draft Circular titled "Forms of Business and Prudential Regulation for Investments" that seeks to amend the extant Master Direction—Reserve Bank of India (Financial Services...
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Introduction
Jio Financial Services (JFS), a financial arm of the energy-to-telecom conglomerate Reliance Industries Limited (RIL), has recently transitioned from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC). This sign...