Ohio lawmakers are advancing new leg

Ohio lawmakers are advancing a proposal that would allow residents to claim state income tax deductions for qualifying church donations, arguing the move would bring Ohio policy in line with federal tax law while strengthening faith-based services across local communities. House Bill 444, also known as the Tithing Protection Act, was introduced last fall by Republican Rep. Josh Williams of Sylvania Township and Democratic Rep. Dontavius Jarrells of Columbus. The measure received its first he

As AI chatbots grow more advanced, a small but growing number of people around the world are forming deep emotional bonds — and even proposing marriage — to their digital companions. From virtual partners offering emotional support to AI “spouses” providing companionship, these relationships are challenging traditional definitions of love and partnership. But one U.S. lawmaker wants to stop it before it goes too far. In Ohio, Representative Thaddeus Claggett has introd

Starting August 1, 2025, a range of financial changes are set to take effect in India, ranging from digital payments to trading hours, credit card rules, and more. These adjustments will impact various sectors and individuals, making it essential to stay updated. Let's break down the major changes: UPI Changes The National Payments Corporation of Ind

The Enforcement Directorate (ED) has launched extensive raids across Mumbai and Delhi as part of a high-stakes money laundering investigation into a loan fraud case worth approximately Rs 3,000 crore. The raids are targeting 50 companies, including those linked to Anil Ambani's group, and involve about 25 individuals connected to the controversial transactions. The investigation stems from suspected illegal loan diversion, with particular focus on loans ap

A steep decline has gripped Indian exchange stocks after the high-profile regulatory crackdown on US-based quant trading firm Jane Street, which was barred from participating in Indian markets earlier this month. In just over four weeks, investors have seen a combined Rs 1.4 lakh crore wiped out in the market capitalisation of BSE and NSE. The cascading impact of regulatory scrutiny, crashing derivatives turnover, and cautious sentiment among brokerages has driven BSE and NSE stocks deep into

A SEBI-registered financial advisor has sounded a serious alarm about the growing menace of online betting in India, after witnessing a client lose Rs 18 lakh in just six months. The loss didn’t occur through stock markets or crypto investments, but through online betting apps an increasingly dangerous digital trap affecting thousands across the country. Abhishek Kumar, founder of SahajMoney, shared the story o

Global trading giant Jane Street has been barred from participating in India's securities markets following an investigation by the Securities and Exchange Board of India (sebi). The interim order, issued by the market regulator, accuses the firm and its subsidiaries of manipulating index-based derivative trades in the Indian market to secure massive illegal profits. The ban, announced late last week, restricts Jane Street and four affiliated entities from buying, selling, or dealing in a

The Securities and Exchange Board of India (Sebi) has imposed a one-year stock market trading ban on Bollywood actor Arshad Warsi, his wife Maria Goretti, and his brother for their involvement in the manipulation of Sadhna Broadcast Ltd shares, now known as Crystal Business System Ltd. The regulatory body has fined the trio ₹5 lakh each and ordered the return of ₹1.05 crore in illegal gains. According to Sebi, the group was part of a “pump and dump” scheme that artif

In a significant move toward strengthening child protection laws in the state, the Texas House has tentatively approved House Bill 168, a proposal aimed at closing legal loopholes that currently allow for child marriages under certain conditions. The bill, authored by Rep. Jon Rosenthal, a Democrat from Houston, passed with a vote of 83-51 and is scheduled for a final vote later this week. If it clears that hurdle, the legislation will advance to the Senate. House Bill 168 would pro

The Securities and Exchange Board of India (SEBI) has introduced a new digital platform named "Mutual Fund Investment Tracing and Retrieval Assistant" (Mitra) to help investors track and reclaim lost, unclaimed, or inactive mutual fund investments. The initiative aims to reduce financial losses due to investor oversight, outdated KYC details, or the demise of the original investor.According to a circular issued by SEBI on February 12, 2025, an inactive folio is defined as a mutual f

The initial public offering market has entered a phase of stagnation, with no major IPOs launched in the past three weeks. The last significant IPO was Quality Power, which opened for subscription on February 14, 2025. Since then, the primary market has seen a lull, raising concerns about investor sentiment and market conditions.Despite speculation surrounding Tata Capital’s anticipated $11 billion IPO, which is expected to be one of the largest listings of the year, the overall slowdow

The Securities and Exchange Board of India (SEBI), along with the National Securities Depository Limited (NSDL) and the National Stock Exchange (NSE), organized the 'Mega RISA' investor awareness event in Guwahati. The program aimed to educate investors on financial security, market trends, and investment protection measures, empowering them with critical insights into the stock market. Over 500 investors from Assam and the Northeast region, including students from various educational

SEBI has introduced new algorithmic trading regulations requiring firms to register with stock exchanges. The rules mandate closed, vendor-specific APIs and unique trade identifiers for transparency. Brokers must conduct due diligence before onboarding algo providers. Investors creating their own algorithms above set limits must register through brokers. These measures aim to prevent market manipulation, enhance security, and ensure compliance, improving oversight in high-frequency trading en

 SEBI Chairman Appointment Process:  The government has officially invited applications for the position of Chairman of the Securities and Exchange Board of India (SEBI) as current chairperson Madhavi Puri Buc

The Securities and Exchange Board of India (SEBI) is exploring a new mechanism for regulating pre-IPO trading activities through a concept called 'when-listed' securities. This proposed measure would oversee the trading of stocks between an IPO's allotment and its official listing. According to SEBI's chief, Madhabi Puri Buch, the aim is to allow investors to engage in these trades in a regulated manner, as there is existing demand for such transactions. Currently, t

Axis Securities Ltd has entered into a settlement with the Securities and Exchange Board of India (SEBI) agreeing to pay a sum of Rs. 14.62 lakh to resolve charges of front-running activities. SEBI's investigation uncovered that Vikrant Bhimrao Kadam, a dealer at Axis Securities, colluded with his associate Mandar Ulhas Bhatkar to execute trades ahead of orders from SVI Consolidated Pvt Ltd, their major client. These trades were made in both the equity and derivatives segments of the Nati

The public issuance of non-convertible debentures (NCDs) has significantly slowed down due to heightened regulatory scrutiny, particularly by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). According to SEBI data, Indian companies raised only Rs 5,526 crore in public NCD issues from April to October 2023, which marks a 59% decrease compared to the same period last year. Public issues allow companies to borrow from the general public by offering debt secu

The Securities and Exchange Board of India (SEBI) has unveiled a series of new measures aimed at strengthening the equity index derivatives market, focusing on investor protection and enhanced market stability. These initiatives follow recommendations from SEBI’s Expert Working Group on derivatives and the Secondary Market Advisory Committee. Key changes include the mandatory upfront collection of option premiums from buyers, a move designed to mitigate undue intraday leverage