Markets regulator SEBI has amended alternative investment funds (AIF) norms specifying maximum permissible limit for extension of tenure by 'Large Value Funds'.

In a notification, Sebi said a large value fund for accredited investors may be permitted to extend its tenure up to five years. This is subject to the approval of two-thirds of the unit holders by value of their investment in the large value fund for accredited investors. The extension in tenure of any existing scheme of a large value fund for accredited investors will be subject to such conditions as specified by the regulator.

One in every four Gen Z respondents in India is more inclined towards new-age job fields like Artificial Intelligence, cybersecurity and content creation while 43 per cent are willing to sacrifice the work-life balance to succeed in their career, a study has found.

Reserve Bank Governor Shaktikanta Das on Thursday said surge in top-up housing loans is not a system-wide issue but confined to few entities.

Briefing media after the announcement of bi-monthly monetary policy review, Das said, "regulatory requirements in top-up housing loans are not being followed by certain entities and it is not a system-level problem."

The government has taken several steps to facilitate setting up of aircraft MRO services in India and the value of the total business may go up from $2 billion to $4 billion in seven years, Civil Aviation Minister Kinjarapu Ram Mohan Naidu said in the Lok Sabha.

The Reserve Bank proposed to create a public repository of digital lending apps in a bid to address the problems arising from mushrooming unauthorised players in the segment.

In another significant move, the central bank proposed to introduce a facility of "Delegated Payments" in UPI to enable an individual to allow another individual to make UPI transactions.

Trade between India and Bangladesh through Petrapole land port in West Bengal, resumed Thursday morning amid tight security, officials said.

The two South Asian neighbours' trade came to a halt on August 5 following the fall of the Sheikh Hasina government in Bangladesh and it partially resumed on Wednesday through several land ports in West Bengal, except Petrapole.

Rupee rose 1 paisa to 83.94 against the US dollar in early trade on Thursday. The uptick in the currency's value comes ahead of RBI monetary policy outcome, which will be announced shortly.

The PM KUSUM scheme, which aims to promote solar energy in agriculture in India, has achieved only 30% of its targets, according to a new report.

Launched in 2019, the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) scheme's goal is to help farmers switch to solar power, making farming more sustainable and reducing dependence on traditional energy sources.

The report by the think tank Centre for Science and Environment (CSE) outlines findings from surveys conducted in Haryana, Punjab, Rajasthan, and Chhattisgarh and says the scheme has achieved only 30 per cent of its targets after six years, with the 2026 deadline fast approaching.

The meeting of the rate-setting panel or the Monetary Policy Committee (MPC) of the RBI concludes today. This would be followed by RBI Governor Shaktikanta Das announcing the repo rate at 10 am.