NEW DELHI: To firewall securities markets from cyber threats, Sebi is looking to further beef up policy framework on this front and plans to appoint an advisor for such security and other IT initiatives.Sebi has already asked stock exchanges and other institutions to keep a constant vigil on online threats globally and take lessons to put in place necessary safeguards.The Securities and Exchange Board of India (Sebi) will appoint an advisor for cyber security and information technology , who will be responsible for strengthening its regulatory policy framework in this space, according to the latest update with the regulator.The advisor would monitor implementation of these regulatory policies across securities markets and also help enhance capacity building at Sebi and various market participants with respect to cyber security.The officer would also develop a stress testing mechanism to mitigate risks arising out of cyber attacks while a framework will be put in place for taking correctives and a prudent response in case of such an emergency at the regulator or market participants.The advisor would also observe developments in cyber technology and security space and prepare inputs for regulatory policy development. The advisor will be appointed on 'contract and part time basis' for three years.Sebi, in May, had set up a four-member panel on cyber security to suggest measures to ring fence capital markets from such attacks.Last month, the regulator said it will undertake a comprehensive review of technology and systems at all market institutions, including exchanges, to safeguard the marketplace from cyber threats and technical glitches.Sebi had held a meeting with the stock exchanges on July 28 against the backdrop of the recent case of a technical glitch at leading bourse NSE, due to which trading had to be halted for over three hours on July 10.advisor cyber cyber security Exchange institution market Sebi Securities The threats
It reaffirms our commitment to grow the institution and meet the financial needs of newer customers,” Samit Shetty, managing director, Chaitanya, said.“This funding will be used for reaching out to several rural households, thus improving their lives," he said.Unitus Capital acted as the exclusive financial advisor for the transaction.Geneva-headquartered Symbiotics Group, an investment company that focuses on emerging, sustainable and inclusive finance, has invested about $3.75 billion in more than 300 financial institutions, spread across 70 countries.“Despite the advent of Small Finance Banks and the increased focus of banks and NBFCs on the financial inclusion space, we believe that there is still space for MFIs that are creating significant impact by offering multiple products to clients, to scale,” said Abhijit Ray, managing director, Unitus Capital.NCDs are typically seen as a better alternative method of raising capital, compared to raising debt from financial institutions, given their longer tenures and larger ticket sizes.In December last year, Muthoot Microfin, the microfinance arm of the Muthoot Pappachan Group, announced that it had raised up to Rs 165 crore through the issue of NCDs on a private placement basis.For Unitus Capital, the latest transaction follows its advisory role in Spandana Sphoorthy’s equity financing round in April earlier this year, which saw the Hyderabad-based MFI raise over $100 million from a consortium of investors, including, private equity firm Kedaara Capital and Canadian pension fund Ontario Teachers’ Pension Plan, and exit the corporate debt restructuring process.banks capital director Finance financial institution managing said transaction Unitus
NEW DELHI: It was a week of consolidation for the domestic equity market, much in line with most Asian peers.The Reserve Bank of India’s rate cut during the week could not entice investors much. Spot gold prices on NCX remained largely flat, but silver plunged 2 per cent.Here’s a list of stocks that were in news during the week for one or the other reason:A discount of 8.35 per cent for the two-day OFS was enough trigger for the stock to tank this past week.cent crore cut GST June net profit quarter rollout Rs stock
Paving the way for the launch of the first-of-its-kind diamond futures, Reliance ADAG-anchored Indian Commodity Exchange (ICEX) is commencing of the futures on Monday to create awareness among existing and potential participants in the commodity value chain.
The diamond contract to be launched by will comprise three separate monthly contracts of diamonds having a lot size of 1 carat, 50 cents, and 30 cents with compulsory delivery in electronic units.commodity diamond Exchange futures physical session Stone trade trading units
After six months of accomplishing nothing, can Congress pivot?
THE SENATE adjourned for its August break on Thursday, closing an unproductive half-year that underscored a fundamental truth about U.S. politics: The country cannot be governed from the fringes.accomplishing adjourned August break closing Congress months pivot Senate Thursday
On Wednesday night, First Daughter Ivanka Trump shared a sweet message to her father as she left the White House following family dinner with brother Eric Trump and sister-in-law Lara Trump. Sharing a photo of the president beaming down at the camera ...
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NEW DELHI: Dalal Street witnessed mixed trading through the week gone by as both the bulls and the bears wrestled to take control of the market. The decision is likely to have an influence on the market when it opens for trading on Monday.Let's have a look at the events that are likely to steer the market in the coming week.June quarter results of India Inc will continue to be the major factor to guide market next week.August cent data Friday growth index July market rate stock
The California Democrat says that 'drip by drip, people are finding out that there is more' to the Russia investigation than some people think.
About: MSNBC is the premier destination for in-depth analysis of daily headlines, insightful political commentary and informed perspectives.California democrat destination DRIP finding investigation MSNBC political premier Russia
There is enough evidence and research to show that equities have been the best performing asset class over a long term horizon. However, directly participating in equities can be quite a task for novice investors as there are thousands of stocks to choose from.companies equities ETF fund index invest Investing investors market stock
Bulletin - eas activation requested flash flood warning national weather service kansas city/pleasant hill mo 900 pm cdt sat aug 5 2017 the national weather service in pleasant hill has issued a * flash flood warning for... johnson county in east ...activation Bulletin EAS flash flood Hill National pleasant warning weather
Raw video of the heavy rain that hit Kansas City Saturday night.
Assuming that you could throw stones on the financial internet, it would be hard to toss a stone and miss articles talking about how high the stock market is. As I have said before, “Nothing brings out the financial worst in people like the lure of seemingly free money.” Eventually those trades sting those that stay at the party too long.asset bonds Demographics indexes inflation market money stock stronger WSJ
Residents were caught unaware as rising flood waters engulfed the streets of Mid-City in New Orleans, Louisiana on August 5th, 2017. Streetcars are stalled, Parkway Po'boys is flooded, and the neutral ground has become a safe haven for cars desperately trying to keep dry.caught city engulfed flood Mid residents rising streets unaware waters
Police search for suspect in the killing of 2 hotel employees during a robbery.