SEBI

MUMBAI, INDIA (Gaea Times.com) - The shares of Financial Technologies had their worst decline in two years and their biggest one day drop after SEBI (Securities & Exchange Board Of India) rejected the application of MCX-SX (Multi Commodity Exchange- Stock Exchange) to operate an equity exchange.

MUMBAI, INDIA (GaeaTimes.com)- In a move that has taken the finance sector in India by surprise, market regulator SEBI has imposed a ban on issuing fresh Unit-Linked Insurance Plans by 14 life insurance companies operating in India.