BUSINESS
REITs discussion hijacks key thematic fund matter during SEBI committee meet
The committee meeting on Monday also saw a surprise entry of SEBI chairperson Madhabi Puri Buch who stayed for a while and spoke on various issues related to the role of AMCs, including the key responsibility of stewardship.
INDIA
Maha Kumbh: Local unauthorised bike taxis offer 'Dhoom'-style quick and not-so-smooth commute
Calling these bikers the lifeline of Maha Kumbh will not be an exaggeration. Reason being, most of the roads leading to the ghats are closed for vehicular traffic and bikes are the only way one can commute quickly.
BUSINESS
Mutual funds, SEBI likely to lock horns in key meet today on proliferation of thematic funds
This assumes significance as while SEBI rules permit fund houses to launch just one scheme within the 36 broad categories of schemes as laid down way back in 2017, thematic is the only category wherein AMCs have the freedom and flexibility to launch infinite number of schemes.
BUSINESS
Sebi set to completely overhaul KPI disclosures for IPO-bound companies
Moneycontrol has also learnt through sources familiar with the development that Sebi is keen that the company's audit committee and a certifying professional should approve all Key Performance Indicators (KPIs).
BUSINESS
Quality Power IPO price band likely to be around Rs 400-430; to raise Rs 900 crore
Quality Power Electrical Equipment IPO: The IPO will be open for subscription between February 14 and 18 with the anchor book allocation on February 13.
BUSINESS
Average number of retail applicants in SME IPOs jumps from mere 30,000 to 2.3 lakh in just four years
The average number increased to 78,450 in 2023 before crossing the lakh mark in 2024 to touch 1.88 lakh.
BUSINESS
MC Market Poll: Current valuation 'reasonable,' but 10% downside still possible; earnings key risk
As per the poll, 63 percent of the respondents said that they expect another 10 percent fall from current levels with another 28 percent saying the fall could be in the range of 10-20 percent. The balance nine percent believe that the markets have bottomed out.
BUSINESS
MC Market Poll: Majority of experts not expecting hike in capital gains tax in Budget 2025
The latest Moneycontrol Market Poll saw participation of nearly 45 respondents across categories including broking firms, mutual funds, AIFs, PMS and independent experts
BUSINESS
MC Market Poll: With Trump in Oval Office, India will win some, lose some but will largely see a neutral impact on growth, say experts
A latest Moneycontrol Poll, however, has revealed that a majority of market experts believe that while there could be sector-specific impact, Trump’s return would largely be neutral for the Indian markets and his expected hard stance on China would actually aid India’s growth.
BUSINESS
Nippon Life India MF investors lost over Rs 1,800 crore due to Yes Bank AT-1 bond exposure, says Sebi
Sebi's allegation of a quid pro quo are significant and the regulator has sought an explanation from Nippon Life India MF as to why the management fee of Rs 88.60 crore that the AMC earned should not be disgorged, along with a possible debarment for an 'appropriate period'.
BUSINESS
Nippon India Mutual Fund under CBI scanner in Yes Bank AT1 bonds matter
The CBI probe is part of a larger multi-agency investigation, which includes the SEBI as well. The agencies are examining cumulative investments worth around Rs 2,850 crore made by firms formerly owned by Reliance Capital in AT1 bonds issued by Yes Bank.
BUSINESS
SEBI working on 'acceptable' form of much-feared and tough PUSTA regulations
Sources say that there is a consensus within SEBI that ex-parte interim orders should not be allowed under PUSTA as it will be unfair to the alleged wrongdoers.
BUSINESS
Experts suggest strict rules to clean up SME IPO arena; seek lock-in clauses, entry barriers
Experts told Moneycontrol that SEBI should look at creating entry barriers in the segment while also bringing in lock-in clauses for all IPO investors and pushing for at least a five-fold rise in the minimum application size.
BUSINESS
More than 60% of the top 20 FIIs in India underperform benchmarks in this downturn
Data from primeinfobase.com shows that more than 60 percent of the top 20 FIIs saw their portfolio value falling by a much bigger margin when compared to the fall in the benchmark – Sensex has dipped nearly 5 percent since touching record highs in September.
BUSINESS
Companies to soon face tighter KPI disclosure norms as SEBI mulls review of rules
The regulatory initiative comes a little over two years after the capital markets watchdog introduced the KPI framework. The KPI disclosure framework was in response to a slew of IPO of digital majors or start-ups like Zomato, Nykaa and Paytm among others.
BUSINESS
Merchant bankers earn a minuscule Rs 7 crore to manage Rs 10,000-crore NTPC Green Energy IPO
'Managing the IPO of govt-owned companies is more about prestige rather than money,' said an investment banker who has worked on PSU IPOs
BUSINESS
Traditional cities lose grip on stock trading as non-metros emerge as big hotspots
The share of ‘other’ cities on BSE has jumped from 18 percent to 32 percent between FY14 and FY24. 'Other' cities as a category includes those that are not part of the top 20 cities in terms of contribution to the cash market turnover
BUSINESS
Rs 275 crore: That's how much Swiggy paid merchant bankers for timely delivery of its IPO
After Paytm, this is the second-highest quantum of fee paid by a digital major making its entry in the public markets
BUSINESS
MC Market Poll: Earnings downgrade biggest risk for Indian equities; returns to be subdued in Samvat 2081
In terms of the key risks, an overwhelming 74 percent of the respondents said that they feel that earnings downgrade is the biggest risk for the Indian stock markets, followed by 22 percent respondents who felt FII outflows is the biggest risk. Interestingly, global factors like the ongoing Middle East tensions and the China stimulus factor does not feature high on the list of key risks amongst Indian experts.
BUSINESS
An investor base of 12 crore but only around 2,300 SEBI-registered analysts/advisors
As on August 31, 2024, there were a total of 927 registered Investment Advisers (IAs) with the number of Research Analysts (RAs) pegged at 1,380
BUSINESS
Hyundai Group Chairman & CEO among Korean top brass expected to attend Hyundai Motor India listing
The listing of the Indian arm of the Korean auto company is looked upon as an important milestone in the journey of the firm and hence many from the parent entity would be attending the listing ceremony scheduled tomorrow at NSE.
BUSINESS
New Asset Class: Here's why SEBI doesn't want AIF/PMS to offer the new product
At the board meet held on September 30, the capital markets watchdog gave its final go-ahead for the introduction of a New Asset Class to bridge the gap between mutual funds and PMS.
BUSINESS
MC Exclusive: Tighter rules for merchant bankers soon to ensure IPO fair play
SEBI has found instances of conflict of interest and is trying to plug it, say sources aware of the development
BUSINESS
Hi-tech Pipes' QIP gets bids worth over Rs 800 crore; top MFs participate in offer
Using the QIP proceeds, the company aims to set up one more plant by end of the current year.
