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IFSCA to come out with norms to help regulated entities settle payments instantly: Chairman

"We are coming up with payments regulations shortly, maybe in the next few months. This will enable regulated entities to provide these services to ensure instant settlement of payments," IFSCA Chairman K Rajaraman said while addressing the global fintech festival here. Currently, such payments are cleared through the banking system, which is time-consuming. ....

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sitharaman: Nirmala Sitharaman says Indian firms will soon be allowed to directly list their shares oveseas

Finance Minister Nirmala Sitharaman on Friday said that Indian companies can now go in for direct listing on foreign exchanges and the International Financial Services Centre (IFSC) in Ahmedabad. The provisions for direct overseas listing were approved by the government, as part of the Covid relief package announced in May 2020, but the rules in this regard are yet to be notified, reported PTI. ....

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nirmala sitharaman: Govt allows direct listing by Indian cos on foreign exchanges; what does it mean for India Inc?

"A direct listing of securities by domestic companies will now be permissible in foreign jurisdictions…This will facilitate access to global capital and better valuation,” says Finance Minister Nirmala Sitharaman While speaking at the launch event of AMC Repo Clearing and a corporate debt market development fund on Friday ....

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