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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Moneycontrol has solidified its status as India's leading platform for business news, achieving 53.94 million unique visitors in October, surpassing The Economic Times by over 36%. The platform also boasts 491.5 million page views and 458.6 million minutes of user engagement, significantly outpacing ET's metrics. Additionally, Moneycontrol Pro has surpassed 1 million paying subscribers, further enhancing its market dominance.
The Enforcement Directorate (ED) is investigating high-net-worth individuals for their offshore investments in funds that focus on Indian equities, raising concerns over potential violations of foreign exchange and securities regulations. These investors have reportedly circumvented India’s SEBI-registered Foreign Portfolio Investors by using offshore vehicles, which may contravene the Reserve Bank of India’s Liberalised Remittance Scheme that restricts investments in Indian-issued instruments. Legal experts warn that such actions could be seen as violations of the Foreign Exchange Management Act (FEMA).
Moneycontrol has reclaimed its position as India's leading digital platform for business, markets, and finance news, attracting 53.16 million unique visitors in September, surpassing The Economic Times, which had 41.37 million. The platform also outperformed ET in page views and time spent, with 452.43 million pageviews compared to ET's 277.95 million, reinforcing its status as a trusted source for business news and insights.
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