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Sebi-registered special situation funds, a type of alternative investment fund (AIF), will be permitted to purchase and sell distressed loans - an arena dominated by asset reconstruction companies, banks, and finance companies. This proposed development has the potential to reshape the stressed asset landscape by bringing in foreign capital, given that AIFs operate without stringent capital requirements and are subject to more relaxed regulations compared to entities regulated by RBI.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/H5hK1zd
December is a crucial month for financial deadlines. Here are eight important deadlines to keep in mind, including special fixed deposit programs, Aadhaar updation, home loan offers, and more. Timely compliance is essential to take advantage of the various benefits and offers available.
The government is considering deploying a series of measures to curb the growing menace of cyber frauds in the financial sector, including blocking the IMEI, the unique number of mobile devices, and restricting withdrawals from suspicious accounts to prevent its use in future incidents. Besides, a proposal to "whitelist" digital lending apps was among options discussed at a meeting in the finance ministry, amid an unprecedented rise in cyber frauds.
Pakistan's benchmark share index breaches 60,000, reaches all-time high of 60,500.61 points. Investors expect central bank's policy interest rate cut due to slowing inflation. Despite political and economic difficulties, index gains over 48% this year. Analysts believe market is welcoming staff level agreement for IMF funds. Market valuation remains attractive with KSE100 index trading at 4.5 times price-to-earnings multiple.
The US dollar is set for its biggest monthly drop in a year as traders watch for economic cues. This week, there will be a postponed OPEC+ meeting, release of inflation measures, consumer prices data, rate decision from the Reserve Bank of New Zealand, and Chinese PMI data. The dollar index slipped, reflecting expectations that US rates may have peaked. The British pound rose against the weaker dollar, while the Australian dollar and kiwi also gained strength.
