"We're trying to go out of our way to be compliant but
in the lack of compliance, requirements or guidance, what can we do?," says @darshanbathija to @chandrarsrikant.
We have to really think about whether we want to capture the economic upside of everything happening in crypto and if yes, come out with positive regulation," says @darshanbathija of @VauldOfficial to @chandrarsrikant.
⚡️ This is where it all started, when #MCInsider wrote an item about a dealer at a fund house driving around in a Lamborghini, pointing to disproportionate assets to income (May 2).
ON May 4, just 2 days later, #AxisMF suspended two of its officials/fund managers. The names of the fund managers (one of whom was the chief dealer) coincided with the word on the street that one of them was the suspect, driving the said Lamborghini, as also broken by #MCInsider.
⚡️ ON May 6, MC broke the story that the fund house had suspended Joshi, along with assistant fund manager Deepak Agarwal, on allegations on irregularities.
#MCMasterclass ⚡️ "Crypto isn't a quick rich scheme. If you want to be speculative and take risks, allocate a small portion of your portfolio," says @simplykashif of @bitinning.
#MCMasterclass⚡️ "Same person has a different behavioural mindset when they invest in stocks and in crypto. As the market grows and so does the education around it, things will fall in place," says @simplykashif of @bitinning.
#NewsAlert: Cabinet approves Amendments to National Policy on Biofuels -2018.
Stay tuned for more details!
Main amendments:-
🔹More feedstocks for production of biofuels
🔹Advance 20% ethanol blending to ESY 2025-26 vs 2030
🔹Units located in SEZ/ Export Units (EoUs)
🔹To add new members to NBCC
🔹Permission for export of biofuels in specific cases
🔹To delete/amend phrases in Policy.
Cabinet empowers boards of CPSEs to decide on closure, divestment of units/ subsidiaries: Official statement.
India’s #power situation may be “comfortable” in May-Aug, but could be challenging in Sept-Nov if #coal supply is impacted during monsoon, @IEX_India_ CMD Satyanarayan Goel told @rachitaprasad.
In May, wind will pick up and we will get almost about 150 million units of extra generation through #windenergy, said Goel in an interview with @rachitaprasad.
@Nithin0dha@PriyankaIyer@zerodhaonline@Nithin0dha says that "The problem with raising money at high valuations is that once you've set the wrong expectations to your investors, then you have to do whatever to meet those expectations."