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The Securities and Exchange Board of India (Sebi) has removed the 1% security deposit requirement for companies launching public equity share issues. This move aims to simplify business operations for companies. Sebi stated that existing regulations and frameworks effectively address investor grievances, making the initial deposit unnecessary.
Gold prices in the national capital surged by Rs 1,400 to Rs 79,300 per 10 grams on Thursday, boosted by jewellers' and retailers' buying amid renewed global uncertainty. This surge was triggered by escalating geopolitical tensions, particularly surrounding the Russia-Ukraine conflict, which sparked safe-haven demand for gold.
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