Softbank may sell Delhivery shares worth Rs 600 crore via block deals: Report
Japan’s Softbank Group may sell its Rs 600 crore stake in Delhivery through a block deal, according to various media reports. According to a report in Moneycontrol, shares may be offered at a discount of 3-5 percent against the current market price. The report further stated that Citigroup would be the mediator […]
Read More
Buying Retail and MSME Assets to Drive ARC Business in FY24: India Ratings
The acquisition of stressed loans in the retail and MSME sectors will drive the business of asset rebuilding companies (ARCs) in FY24 on the back of the planned implementation of the expected credit loss (ECL) framework. The implementation of the immediate corrective action (PCA) framework for non-bank finance companies (NBFCs) may also […]
Read More
G20: India is walking a tightrope to form a consensus of competing interests
If you ask India’s G20 president, the three biggest takeaways from the recently concluded meeting of Finance Ministers and Central Bank Governors (FMCBG) are that there is real progress in reducing global debt, and that many countries are interested in seeking India’s help to build or improve. its digital payment systems, and that […]
Read More
Banning cryptocurrency should be an option: Kristalina Georgieva of the International Monetary Fund
Kristalina Georgieva, managing director of the International Monetary Fund, on Saturday endorsed India’s stance on private cryptocurrencies and other digital assets and said a strong push was needed on global regulation of such assets. Speaking to reporters on the sidelines of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in […]
Read More
SEBI to control unsolicited financial market tips from social media influencers
Markets observer Sebi will come up with a discussion paper to frame guidelines for controlling unsolicited financial advice and stock markets from social media influencers as well as from unregulated investment advisors. Addressing a meeting of the Association of Registered Investment Advisers here on Friday, SEBI Permanent Member Ananth Narayan Gopalkrishnan said […]
Read More
Sensex and Nifty extended their losses to the fifth session, amid fears of raising interest rates
Benchmark stock indices fell under selling pressure for the fifth consecutive session on Thursday as a bearish trend in Asian markets and concerns about interest rate hikes by the US Federal Reserve unnerved investors. Besides, dealers said that new inflows of foreign funds also affected investor sentiment. In very volatile trading amid […]
Read More
SEBI proposes to tighten regulations for the issuance of bonus shares
The capital market regulator plans to tighten regulations on the issuance of bonus shares, making only dematerialized shares eligible. Moreover, it has also proposed simplifying the rules for writing initial public offers (IPO) and follow-up public offers (FPO). The Securities and Exchange Board of India (SEBI) on Wednesday put out an advisory […]
Read More
Sensex and Nifty closed lower in choppy trading, extending losses for a third day
The Sensex and the Nifty closed slightly lower in choppy trading on Tuesday, extending losses for a third day in a row as investors remained cautious ahead of the release of the Federal Open Market Committee (FOMC) meeting minutes. The BSE Sensex index fell by 18.82 points, or 0.03 percent, to settle […]
Read More
SEBI issues an advisory paper on disclosure requirements for listed companies
The capital markets regulator SEBI on Monday issued an advisory paper on streamlining disclosure requirements by listed entities. In his advisory paper, Sebi looks forward to addressing the challenges faced by newly listed companies in presenting the financial result for the first time related to the timeline for filling the vacancies of […]
Read More
Mutual fund collection through NFO drops by 38% to Rs 62,000 crore in 2022
Mutual fund collection through new fund offerings (NFOs) remained weak in 2022, with asset management companies (AMCs) earning more than Rs 62,000 crore through new schemes, which was 38 per cent lower than in 2021. However, more non-food organizations were launched in 2022 than in the previous year. A total of 228 […]
Read More