financial regulations
SEBI Imposes Market Ban on Finfluencer Avadhut Sathe Over Alleged Rs 546 Crore Unlawful Gains
Dec 05, 2025 07:40 pm CST
Securities regulator SEBI has banned finfluencer Avadhut Sathe and his Trading Academy from securities markets, ordering the return of Rs 546 crore in alleged unlawful gains collected from students. Sathe denies operating as an investment advisor and vows to challenge the order, maintaining his organization provides only educational services rather than financial recommendations.
Finance Minister Confirms LIC's Adani Investments Follow Standard Procedures Without Ministry Interference
Dec 02, 2025 01:26 am CST
Finance Minister Nirmala Sitharaman has clarified that LIC's investments in Adani Group companies follow strict due diligence protocols without any direction from the Finance Ministry. The state-owned insurer's investment decisions are made independently according to established regulations, with comprehensive oversight mechanisms in place. LIC's exposure to Adani Group represents a small portion of its diverse Rs 41 lakh crore investment portfolio spanning 351 publicly listed companies.
New Banking Law Allows Up To 4 Nominees In Bank Accounts Starting November 1, 2025: Complete Guide
Oct 23, 2025 07:09 pm CST
Starting November 1, 2025, Indian bank customers can designate up to four nominees for their accounts under the new Banking Laws (Amendment) Act 2025. This significant reform aims to streamline claim settlements, provide flexibility in nomination arrangements, and enhance transparency across the banking system. The amendment includes provisions for both simultaneous and successive nominations, detailed share specifications, and improved governance standards for public and cooperative banks.
Revolut Founder Nik Storonsky Joins UK Billionaire Exodus to UAE Amid Tax Policy Changes
Oct 13, 2025 04:02 pm CST
Revolut co-founder Nik Storonsky has officially relocated from the UK to the UAE, becoming the latest ultra-wealthy entrepreneur to leave Britain following tax policy reforms. This growing exodus of billionaires is driven by the Labour government's abolition of the non-domicile tax regime, increased capital gains taxes, and post-Brexit uncertainty. While Storonsky maintains property in the UK, his move coincides with Revolut's expansion in the Gulf region as the fintech giant valued at $75 billion continues to face regulatory hurdles in Britain.