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    THE VIEW

    RBI proposes to mandate UTI for all OTC derivative transactions

    The Reserve Bank of India is shaking up the financial landscape with a groundbreaking rule coming into effect next fiscal year. Beginning then, all over-the-counter derivative trades related to rupee interest rates and foreign exchange currencies will need a Unique Transaction Identifier. This identifier is designed to offer regulators better insights into transaction trends and market health.

    FYERS becomes first platform to offer SIF to retail investors; will integrate, Quant, Edelweiss, SBI on platform

    Bengaluru-based brokerage FYERS has introduced Specialized Investment Funds (SIFs) on its platform, becoming the first stockbroking platform in India to make these SEBI-regulated products available to retail investors.

    WazirX to resume operations on October 24 with 0% trading fees

    WazirX is set to resume operations on October 24, offering 0% trading fees on select crypto pairs, including USDT/INR. The exchange has partnered with BitGo for insured custody, strengthening asset protection, regulatory compliance, and preparing for token distributions to creditors as part of its restructuring.

    F&O Radar| Deploy Broken Wing in Grasim to gain advantage from bullish outlook

    Grasim shares trade near Rs 2,900, showing bullish momentum with strong technical support and breakout potential above Rs 2,920. Analysts suggest deploying a Broken Wing Butterfly options strategy to benefit from the upward trend while managing risk and taking advantage of renewed buying interest.

    Smallcap stock soars over 10% after 1:10 stock split, 1:1 bonus issue announcements

    Shares of smallcap firm Sikko Industries surged over 10% after announcing its first-ever stock split in a 1:10 ratio and a 1:1 bonus issue. The move aims to enhance liquidity and shareholder value by increasing the stock’s float and boosting market participation.

    BEL shares surge 1% on securing Rs 633 crore order from Cochin Shipyard

    Bharat Electronics Limited saw its stock climb on Thursday, buoyed by the news of a substantial Rs 633 crore contract from Cochin Shipyard Limited. This exciting engagement involves the delivery of critical defense technology such as sensors and weapon systems, along with high-tech communication equipment.

    The Economic Times
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