The Securities and Exchange Board of India (SEBI) has proposed a regulatory framework for investech players who provide execution-only services in mutual fund direct plans.
The market regulator has requested public feedback on the consultation paper until August 12. Users can currently route their investments through a direct plan or a regular plan, which differ in expense ratios and the need for a distributor. The move may require platforms such as Zerodha, Groww, and Paytm Money to register as an intermediary for selling mutual fund direct plans. There is currently no framework in place to allow these platforms to provide execution-only services in direct plans of mutual fund (MF) schemes and to obtain data feeds on such transactions.
Texas Attorney General Ken Paxton late on Thursday said he is suing online gaming platform Roblox over child safety concerns, accusing the company of “deceiving parents about the dangers of its platform.” Source link
OpenAI execs have been fielding plenty of questions about how they expect to pay for the $1.4 trillion worth of data center build-outs and usage commitments they’ve accrued this year, given that their revenue — while rising rapidly — is a $20 billion annual run rate, CEO Sam Altman said Thursday in a post on X. Source link
After Zohran Mamdani clinched the New York City mayoral race on Tuesday night, his campaign announced former FTC chair Lina Khan as one of the transition team’s four co-chairs. Source link
