Account aggregator or AA is an RBI-regulated non-banking finance company (NBFC) that facilitates the collection of the financial information pertaining to a customer from financial information providers on the basis of the consent of the customer.AA facilitates consolidation, organisation, and presentation of the financial information to the customer or FIU based on the explicit consent of the customer.
The order came after Sebi received a letter from Titan Company Ltd (TCL) wherein the firm intimated the regulator about alleged violations of Prohibition of Insider Trading (PIT) rules and the company's code of conduct by some of its persons/ employees.
The reserves statement on Tether's website comes a day after it said it had switched to accountancy firm BDO Italia to certify its reserves and that it would aim to release monthly reports by the end of the year.Stablecoins are a type of cryptocurrency designed to keep constant value, such as a 1:1 U.S. dollar peg. They are widely used in cryptocurrency trading to move funds between different cryptocurrencies or into regular cash.
The Dow Jones Industrial Average fell 0.54% to 33,813.96, the S&P 500 lost 0.67% to 4,254.83 and the Nasdaq Composite declined about 1% to 12,837.36.
"Sebi has framed a Settlement Scheme (Scheme, 2022) for the entities against whom proceedings have been initiated and are pending before any forum or authority, viz. Courts/SAT, Adjudicating Officer or Recovery Officer (provided an appeal has been filed and the same is pending before the SAT/Court," the notice mentioned.
Bed Bath & Beyond Inc's shares extended their plunge, falling 42% to $10.80, after Cohen said a day earlier he had sold his 9.8% stake in the company, almost five months after amassing it and pushing for changes.
"India's crypto industry is too big to ignore and a strong, business-friendly policy for the crypto industry will enable investors to trade with confidence and boost the morale of the young workforce willing to make a career in this space," he added.India was ranked sixth in crypto adoption. Only two developed nations were featured in the top 10 - Singapore at fourth and the United States at the sixth spot.
The shares were disposed of at an average price of Rs 335.64 apiece, valuing the transaction at Rs 453.16 crore.Meanwhile, Morgan Stanley Asia Singapore Pte picked up the shares of the company.As of the June quarter, CDC Group plc, which is one of the public shareholders of IIFL Finance, owned 1.35 crore shares, amounting to a 3.56 per cent stake in the company, the shareholding pattern showed.
