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India market regulator proposes sachet-sized investments with easier rules

MUMBAI, Jan 22 (Reuters) – India’s market regulator has proposed that fund houses launch sachet-sized investments plans, offering small investors a way into the financial markets. In a consultation paper released on Wednesday, the Securities and Exchange Board of India (SEBI) asked fund houses to launch systematic investment plans (SIPs) starting at 250 rupees or around $3 with lower costs and easier customer identification processes. The objective, SEBI said, is to “promote financial inclusion, inculcate the habit of systematic saving and facilitate investment of small savings by investors new to the Mutual Fund space.” About 225 million investors currently invest

Allegations against Tahir Hussain grave but only allegations: Supreme Court Justice Amanullah

New Delhi, Jan 22 (PTI) Allegations against former councillor and February 2020 riots accused Tahir Hussain were grave and reprehensible but as of now they were allegations, Supreme Court judge Justice Ahsanuddin Amanullah said on Wednesday. While opining Hussain should be released on interim bail, Justice Amanullah, who was on a division bench with Justice Pankaj Mithal — said the petitioner was in custody since March, 2020 and secured bail in majority of cases. The bench delivered a split verdict in the matter. “The allegations against the petitioner are no doubt grave and reprehensible but as of this moment they

China and US partners moving closer as Trump returns to White House

BEIJING, January 22, 2025 (AP) — China’s relations are starting to improve with Japan, India and other countries that former U.S. President Joe Biden courted, just as Donald Trump brings his more unilateralist approach back to the White House. The change of leadership in Washington on Monday could be an opportunity for China, which has long railed against Biden’s strategy of building partnerships with “like-minded countries” to counter its growing influence. Biden reinvigorated a grouping known as the Quad — the United States, India, Japan and Australia. China’s relations with all three of those U.S. partners are improving, as are

Gold near 3-month high on softer dollar, Trump policy uncertainty

Jan 22 (Reuters) – Prices of safe-haven gold rose to a near three-month high on Wednesday, boosted by uncertainty surrounding U.S. President Trump’s policies and a softer dollar. Spot gold added 0.6% to $2,759.83 per ounce as of 0941 GMT. The price hit its highest since Nov. 1 earlier in the session and is close to its record peak of $2,790.15 hit in October. U.S. gold futures gained 0.4% to $2,771.10. Spot silver rose 0.1% to $30.89, hovering near a one-month high hit on Jan. 16. The dollar index is hovering around a two-week low hit earlier in the week.

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