Sebi has restricted Axis Capital from taking on new assignments as a merchant banker for debt securities. This decision comes after it was found that Axis Capital provided unauthorized guarantees for Sojo Infotel’s Non-Convertible Debentures, posing credit risks. Sebi aims to ensure market stability and regulatory adherence.
Related Posts
US stocks climb as Fed cuts interest rates by 0.25% to curb inflation
The US stock market climbed on Thursday following the Federal Reserve’s decision to cut interest rates by 0.25%, a move widely anticipated by investors. The […]
Anil Ambani’s Reliance Infrastructure to raise over Rs 6,000 crore
Reliance Infrastructure under Anil Ambani seeks to raise Rs 6,014 crore to fund its expansion. The initial phase involves raising Rs 3,014 crore through a […]
Amazon to surpass $13 billion in cumulative e-commerce exports from India by 2024 end
Amazon projects exceeding $13 billion in cumulative e-commerce exports from India by late 2024. With a rising number of sellers and expanding product offerings, the […]