MUMBAI: Axis Asset Management Company will acquire the portfolio management services business of Axis Securities, adding over 2,500 investors and taking its PMS assets under management to around Rs 15,000 crore.The acquisition is among the largest PMS deals in India by investor count and will see the acquired business operate under “Alternates by Axis AMC”….
CHENNAI: Market regulator Sebi on Friday said it has extensively deployed artifcial intelligence capabilities, with these tools generating a growing number of actionable alerts. These alerts have helped uncover patterns indicating recent instances of front-running in the portfolio management services (PMS) industry.“Recently, we have noticed our AI generating enough alerts, and over a period of…
Manoj Kumar, executive director of SEBI Chennai: Market regulator Securities and Exchange Board of India (SEBI) on Friday said it has extensively deployed artificial intelligence (AI) capabilities, with the technology generating a growing number of actionable alerts. These alerts have helped uncover patterns indicating instances of front-running in the portfolio management services (PMS) industry.“Recently, we…
