Current Affairs - Finance

The Securities and Exchange Board of India (SEBI) introduced the beta version of the T+0 settlement, allowing same-day settlement on an optional basis to enhance market efficiency and reduce transactional risks in India's capital markets.

SBI Mutual Fund acquired a 3% stake in Savita Oil Technologies through a block deal on March 26, 2024. This transaction resulted in a reduction of the promoter group's stake in the company.

Wipro-GE Healthcare has announced an investment of Rs 8,000 crore over the next five years in India, with a focus on enhancing manufacturing capabilities and research and development, aligning with the 'Make in India for the World' initiative.

The Indian government plans to borrow Rs 7.5 lakh crore from the market in the first half of FY25, which constitutes approximately 53% of its annual target borrowing for the fiscal year. This borrowing strategy includes auctions of bonds with maturities ranging from 3 years to 50 years, with the issuance of sovereign green bonds worth Rs 12,000 crore as part of the fundraising.

The insurance sector in India has attracted a massive Rs 53,900 crore as Foreign Direct Investment (FDI) in the last 9 years, according to Financial Services Secretary Vivek Joshi. This substantial FDI influx reflects investor confidence and interest in the Indian insurance market.