The regulator imposed this restriction as a temporary measure after discovering that Axis Capital had essentially guaranteed the redemption of NCDs under the pretence of underwriting, a practice that is not permitted.
US-listed ETFs tracking India and Taiwan saw record outflows in March amid currency weakness, rising yields and energy concerns. Despite this, Asian equities rebounded sharply
NSE has signed an MoU with Bharat Metal Exchange to promote non-ferrous metal derivatives in India, aiming to strengthen price risk management and market participation.
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