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Capital markets are increasingly emerging as a core avenue for household savings and wealth creation in India, reflecting a structural shift in how Indians are investing and participating in the country's growth story, SEBI Chairperson Tuhin Kanta Pandey said on Monday. "Capital markets are increasingly becoming a core avenue for household savings and wealth creation," Pandey said at the ICICI Securities India Investor Conference 2026. On the Portfolio Management Services (PMS) regulations, the SEBI chief indicated that extensive deliberations are underway and a consultation paper will be released soon. However, he declined to specify a timeline. Pandey said India's economic rise is not only about higher growth numbers but also about the formalisation of the economy, financialisation of savings and growing trust in institutions. Highlighting the growing depth of Indian markets, Pandey said the country now has around 145 million investors in the securities market, with the investor
State-owned Life Insurance Corporation of India (LIC) is engaging with key financial regulators, including the Reserve Bank and Sebi, to expand the availability of long-term investment instruments as inflows into its annuity products keep on rising, CEO and MD R Doraiswamy said. An Annuity product converts an accumulated retirement corpus into a guaranteed, lifelong stream of income. When one invests a lump sum, LIC pays a regular pension for life, ensuring the savings aren't outlived. "When the annuity markets are becoming more favoured by the policyholders, and more investments flow into annuities, we need to necessarily have long-term investments matching that kind of long-term liabilities. So we have been in touch with the (insurance) regulator as well as the regulators like SEBI, as well as RBI and the requirements of LIC, particularly are being duly communicated to them," he told PTI in an interview. He further said the sector regulator, Insurance Regulatory and Development ..
The Ministry of Heavy Industries (MHI) is set to decide in the coming days on removing Rajesh Exports from the list of beneficiaries under the production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage, after the SEBI last week passed an interim order alleging massive financial fraud by the Bengaluru-based firm. Sources in the ministry told PTI that there is a "strong view" within the department that the company should be dropped from the scheme. The matter will be placed before Minister of Heavy Industries H D Kumaraswamy, who has returned from an official trip to Kyrgyzstan. "A final call will be taken in the coming days," a source said. In a 109-page ex parte interim order dated June 3, SEBI alleged that Rajesh Exports - primarily a gold jewellery manufacturer and exporter - inflated revenues by Rs 15.15 lakh crore between FY21 and FY25, amounting to approximately 99.8 per cent of the revenues attributed to its subsidiaries over the period being ..