SEBI Relaxes KYC Rules, Allows Foreign Investors To Onboard Remotely

The Securities and Exchange Board of India (SEBI) on Wednesday eased know-your-customer (KYC) requirements for Persons Resident Outside India (PROIs), allowing investors from Financial Action Task Force (FATF)-compliant countries to complete digital onboarding without being physically present in India. The move is aimed at simplifying…

Tesla, SpaceX Shares Tumble After Democrats Sweep US Midterm Elections

Shares of Elon Musk-led Tesla and SpaceX came under pressure on Wednesday after Democrats swept the US midterm elections. The sell-off reflects investor concerns over the political and regulatory challenges Musk’s businesses could face following the Democrats’ victory. Tesla’s stock fell over 5 percent when…