The Securities and Exchange Board of India (Sebi) is proposing to scrutinize market indices heavily used by mutual funds, particularly those with over ₹20,000 crore in assets. A new framework will identify ‘significant indices,’ requiring their providers to register with Sebi. This move aims to enhance investor protection by bringing key benchmarks under regulatory oversight.
Higher costs, capacity curbs weigh on IndiGo shares after Q3 show
IndiGo’s shares fell on Friday following a significant drop in quarterly profit. Brokerages offered mixed views, citing short-term challenges like rising costs and currency issues.