HDFC-HDFC bank merger supports D-Street: Sensex and Nifty50 jump above 2%
Frontline indexes jumped more than 2 percent on Monday as the announcement of a plan to integrate HDFC into HDFC Bank sent its shares soaring. Sensex and Nifty50 regained the 60,000 and 18,000 levels for the first time since January 18. The Sensex ended the session at 6,0611.7 points, after gains of 1,335 points, […]
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Sebi Panel for Improving Governance Standards for Market Infrastructure Agencies
The Securities and Exchange Board of India on Monday set up an ad hoc committee chaired by former full-time member J Mahalingam to review and make recommendations for further strengthening of governance standards in Market Infrastructure Institutions (MIIs). The committee is tasked with making recommendations regarding the role that the board and committees play […]
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SEBI Forms a Committee to Strengthen the Governance of Market Infrastructure Institutions
Capital markets regulator Sebi on Monday set up a committee to review and make recommendations to further strengthen governance standards at the exchange and other market infrastructure institutions (MIIs). This development comes on the back of alleged loopholes in corporate governance at NSE, with several issues coming to the fore after the Sebi […]
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Air France and Delta to offer ‘shuttle service’ between New York and Paris this summer
“From early June, there will be flights every one to two hours during the day from Paris Charles-de-Gaulle to New York JFK. From New York, a flight to Paris departs almost every hour from late afternoon,” Air France reported. The French airline itself flies back and forth on this route six times a day, the […]
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Harium Pipe Industries IPO received 3.44 times over on the fourth day
Hariom Pipe Industries’ initial public offering (IPO) was subscribed 3.44 times on the fourth day of bidding on Monday. The public issue received bids for Rs 2.92 crore per share for 85 lakhs offered, which translates to 3.44 times oversubscription, according to data available on the NSE website. The bulk […]
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Three-month NFO pause may not affect stock flows, industry players say
The three-month ban on New Fund Offers (NFO) may not have a significant impact on the Rs39 trillion local mutual fund industry. While non-financial NFOs with non-financial equity helped the industry mobilize an average of Rs 11,000 crore each quarter during fiscal year 2021-22, industry players are confident that inflows will remain strong thanks […]
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SEBI issues new guidelines to curb abuse of power of attorney for clients
To limit the potential misuse of Power of Attorney (PoA) submitted by clients to stockbrokers, Sebi on Monday came out with new guidelines where implementation of a new document will be mandatory for transferring securities toward deliveries and settlements. The execution of the document – Demat Debit and Pledge Instruction (DDPI) – will […]
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HDFC-HDFC Bank Merger: Higher weight in the index may affect the charts of large companies
The weight of the consolidated entity in the indices is expected to be about 14%; Schemes may have to stay understocked on stock as the exposure of individual stock in the portfolio should be capped at 10% ThreadsHDFC | HDFC Bank | elegant The merger between HDFC and HDFC Bank may pose a challenge […]
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Investors’ wealth jumps Rs 4.5 trillion as markets rise due to HDFC twin merger
Investors got richer by more than Rs 4.5 crore on Monday as the local stock market rose more than 2 per cent on the proposed merger of HDFC Ltd with HDFC Bank. Reflecting bullish investor sentiment, the benchmark 30-share Sensex index rose 1,335.05 points, or 2.25 percent, to reclaim the 60,000 level, buoyed […]
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Gold steady with dollar strength, yields inconsistent with Ukraine’s problems
by Asha Cestella (Reuters) – Gold prices stabilized on Monday as dollar and Treasury yields stabilized in the wake of a strong US jobs report that raised expectations for a rate hike, while the worsening Ukraine crisis supported safe-haven requests to buy bullion. Spot gold was little changed at $1,928.36 […]
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