 "Top 10 business headlines: E-commerce policy, illegal deposits, and more")
1. Commodity arms of Motilal Oswal, IIFL not 'fit and proper': Sebi
Markets regulator the Securities and Exchange Board of India (Sebi) has declared Motilal Oswal Commodities Brokers (MOCB) and India Infoline Commodities (now IIFL Commodities) as ‘not fit and proper’ to conduct the commodity derivatives broking business directly or indirectly, as part of its action in the National Spot Exchange Ltd (NSEL) case. Read here
2. NBFCs could sell non-core assets worth Rs 15,000 crore, says CLSA
More non-banking financial companies ( NBFCs) could be forced to sell their non-core businesses as they grapple with funding challenges and solvency risks.
