A tragic event occurred last week when a U.S. teenager, Sewell Seltzer III, took his own life after developing a deep emotional bond with an AI chatbot from Character.AI. The 14-year-old’s intense relationship with the chatbot led him to isolate from his family and friends. His mother has since filed a lawsuit, revealing disturbing chat ...
 "SEBI unveils bold reforms, including a high-risk asset class and streamlined regulations, amidst controversy and internal discontent.")
The Securities and Exchange Board of India (SEBI) has recently approved a new asset class aimed at high-risk investors, providing more flexibility for fund managers. This new product, called “Investment Strategies,” requires a minimum investment of Rs 10 lakh and intends to prevent unregistered investment schemes. SEBI also introduced the Mutual Funds Lite framework, easing ...
 "Sebi Chairperson Madhabi Puri Buch faces conflict of interest allegations as the board meets to discuss tightening trading regulations.")
The Securities and Exchange Board of India (Sebi) board is meeting today, September 30, 2024, amid conflict of interest allegations against Chairperson Madhabi Puri Buch from Hindenburg Research and the Congress party. These allegations include trading on unpublished price-sensitive information and potential financial ties to the Adani Group. During the meeting, Sebi may address regulatory ...
According to a recent report from the Reserve Bank of India’s September bulletin, non-banking financial companies (NBFCs) in the middle layer have the highest percentage of unsecured loans, holding 27.3% as of December 2023. This is closely followed by upper-layer NBFCs at 24.3%. Both categories saw a decrease in their respective shares from December 2022, ...
 "Sebi fines BGR Energy Systems ₹9 lakh for serious disclosure lapses and violation of market regulations, jeopardizing investor trust.")
BGR Energy Systems Ltd has been fined Rs 9 lakh by the Securities and Exchange Board of India (Sebi) for failing to meet disclosure requirements and violating Market regulations. A recent investigation revealed that the company did not comply with the Listing Obligations and Disclosure Requirements (LODR) rules, particularly concerning the late submission of audited ...
 "The GST Council meeting, chaired by Nirmala Sitharaman, tackles crucial tax issues, including health insurance exemptions and online gaming regulations.")
The GST Council, led by Finance Minister Nirmala Sitharaman, is set to address key issues, including the taxation of insurance premiums and online gaming fees. A major focus will be whether to reduce the current 18 percent GST on health insurance or exempt senior citizens from this tax. The council’s discussions will also cover revenue ...
 "India’s Trai Battles Rising Spam: New Regulations on Robocalls Unveiled")
The Telecom Regulatory Authority of India (Trai) is taking steps to strengthen spam regulations due to a spike in complaints against unsolicited telemarketers, reaching 750,000 in the first half of 2024. This initiative involves a review of the Telecom Commercial Communications Customer Preference Regulations, originally established in 2018. Trai data reveals that complaints against unregistered ...
US Healthcare landlord Medical Properties Trust is facing regulatory concerns after its largest tenant, Steward Health, filed for bankruptcy. The move has sparked worries among investors and industry experts about the stability of the healthcare real estate Market. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This ...
