SEBI’s new rules aim to curtail the F&O trading frenzy by increasing margin requirements and reducing the frequency of contract expiries. This measure is expected to lower trading volumes, particularly affecting brokers and exchange companies, while potentially shifting retail traders towards direct equities. The changes target the dominance of low-margin retail clients in options trading.
Lendingkart Finance founder Lunia steps down as MD
Harshvardhan Lunia resigned as Lendingkart Finance MD in June. The company awaits RBI approval for a new MD recommended by Fullerton Financial Holdings. Lendingkart reported