Speaking at a mutual fund event, SEBI whole-time member Ananth Narayan Gopalakrishnan highlighted the importance of modelling stress scenarios not just for individual schemes or fund houses but for the entire mutual fund ecosystem.

"It is also important to model stress scenarios for the entire composite mutual fund ecosystem. I would strongly encourage the industry and AMFI to take the lead and proactively conduct objective and credible industry wide stress tests. themselves," Gopalakrishnan said.

He also emphasised the need to find better ways to communicate the risks associated with different mutual fund schemes.

Markets regulator SEBI has asked the mutual fund industry to proactively conduct stress tests, a key component of risk management for the financial sector, which will help strengthen the ecosystem, its whole-time member Ananth Narayan Gopalakrishnan said on Friday.

The regulator's stress testing emphasises the need to assess and manage liquidity risks, especially in small and midcap equity schemes.

Steel maker Rudra Global Infra Products on Friday said the company will invest around ₹190 crore to set up a 30 megawatt captive solar project in Gujarat.

The solar plant is scheduled to commence operations by January 2025, the company said in a statement.

Luxury sanitaryware maker Grotto on Thursday said it is looking to expand its market in Northeast India over the next three months.

Grotto co-founder Dhermander Garg said in a statement that the company has plans to make its "innovative and high-quality products" available in dealer outlets across major cities in the region.

The government is scheduled to introduce the Banking Laws (Amendment) Bill, 2024 which seeks to increase the option for nominees per bank account to four, from existing one, among others.

Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh, which was fixed almost six decades ago.

The Haryana government approved a proposal to give ₹2,000 per acre as a bonus to farmers for their Kharif crops in the wake of less rainfall in the state.

A boilers bill to replace a century-old law, decriminalise certain offences and promote ease of doing business was introduced in the Rajya Sabha on Friday, the commerce and industry ministry said. The ministry said that the bill, which will repeal the Boilers Act, 1923, was approved by the Union Cabinet on August 2.