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.