BUSINESS
HNIs give IPOs a cold shoulder treatment; number of applications plunges
IPOs of companies like Dr. Agarwal's Health Care, Ajax Engineering, Hexaware Technologies, Quality Power Electrical Equipments and Ather Energy saw the number of HNI applications plunge to just a few thousands, shows data from Prime Database.
BUSINESS
India Inc on fund raising spree, 36 QIPs to raise Rs 80,000 crore approved in last 30 days
The list includes big names like Biocon, Lloyds Metals, Adani Enterprises, SBI, HCC, Infibeam Avenues, JSW Energy, Omaxe and Torrent Pharma, among others.
BUSINESS
IPO josh is back: Over 150 companies in ‘DRHP-ready’ status, filings could double in next 5-6 months, say merchant bankers
Data from Prime Database shows that already nearly 70 companies that got the SEBI approval for their respective IPOs could hit the markets anytime soon
BUSINESS
SME IPO merchant bankers under SEBI scanner for malpractices, violations of rules
On Wednesday, SEBI passed an interim order wherein Inventure Merchant Banking Services was directed not to take new merchant banking assignment until further orders. SEBI has taken similar action against First Overseas Capital as well.
BUSINESS
Mutual funds remain the only aggressive buyers within domestic institutional investor pack
On May 7, which was also the first trading session after Operation Sindoor was launched, mutual funds were net buyers at more than Rs 2,900 crore even though the cumulative DII net flows were pegged at only Rs 2,586 crore
BUSINESS
Indian generics likely insulated from Trump's drug pricing order, but Sun Pharma faces pressure
Analysts said that the US President Trump’s latest executive order on drug price control could indirectly discourage Indian drug makers from pursuing specialty business in America.
BUSINESS
Smallcaps, IT may now catch investors' attention even as index consolidates
The BSE Smallcap index has 979 constituent stocks and nearly 760 of those were trading higher on May 13, with some of the top gainers in the range of 5-10 percent, even as the benchmark index is struggling to shake off selling pressure.
BUSINESS
After Monday's solid rally, experts are looking hard for fresh cues to power near-term gains
Market experts believe most of the positives such as easing US-China tariff war, de-escalation with Pakistan, RBI rate cuts are factored in, and there may not be fresh positives to support a strong rally from here on.
BUSINESS
Gold prices plunge by over $100 as US, China slash tariff rates; touch Rs 95,930 per 10 gm in India
In the Indian markets, the price fell by around Rs 3,740 per 10 grams to touch Rs 95,930. Gold prices had crossed Rs 1 lakh mark last month amidst global uncertainties and tariff wars.
BUSINESS
What's common between Pakistan and Bangladesh stock exchanges? China has a stake in both
In March 2017, a consortium comprising of entities from China and Pakistan acquired a 40 percent stake in Pakistan Stock Exchange. A year later, a Chinese consortium acquired 25 percent stake in Dhaka Stock Exchange.
MARKETS
The biggest listed firms of India, Pakistan, China; India way ahead of Pak by billions
Pakistan’s biggest companies do not even come near India's top 250. Naturally, even in terms of overall market cap, India is way ahead of its neighbour.
BUSINESS
Majority of biggest FPIs see huge erosion in India portfolio; Goldman Sachs, Govt of Singapore, Norges among those hit
Data shows that Goldman Sachs, Camas Investments PTE Ltd, Nalanda, Capital Group, Artisan Fund and Kotak Funds witnessed an erosion in their portfolio value between 10% and 22%
BUSINESS
After Trafiksol, Wagons Learning withdraws IPO over 'prevailing market conditions'
This is the first SME IPO to be withdrawn after Trafiksol ITS Technologies whose public issue was launched in September last year
BUSINESS
Abrupt mid-term auditor exits rise in FY25; raise governance concerns
The number of mid-term auditor resignations saw an increase in FY25 when compared to the previous fiscal when 34 such exits were announced.
BUSINESS
Did Rs 50,000-crore annual trading volume with 5 crore users trigger SEBI’s warning against opinion trading platforms?
There are many ‘Opinion Trading Platforms’ or ‘Event Outcome’ platforms like Probo, Kalshi, TradeX, Strike, Polymarket, and Trago among others that are popular in the segment.
BUSINESS
CBI questions Nippon Life India MF over Rs 3,500 crore investment limit for ADAG companies
Nippon Life India MF, formerly known as Reliance Mutual Fund, is already under the CBI scanner for investing Rs 950 crore in non-convertible debentures (NCDs) of Morgan Credit Private Limited, a company owned by the Rana Kapoor family.
BUSINESS
SEBI chief acts quick; reconstitutes, extends tenure of advisory panel for settlement proceedings
The chairman along with two other members have been given an extension of two years. Former SEBI whole-time member M S Sahoo who was also part of the ‘High Powered Advisory Committee on settlement orders and compounding of offences’ has conveyed his decision to step down and has been replaced by another former whole time member of SEBI.
BUSINESS
Tariffs war intensification to disrupt global supply chain, says FM Nirmala Sitharaman
Sitharaman said that the retail participation is also significant and an increase in their participation is a reflection of India's strong economic fundamentals.
BUSINESS
Expectations of global economy weakening further hit 30-year high, reveals BofA Global Fund Manager Survey
The survey findings assume significance, as the period of the survey was April 4-10 – post the “Liberation Day” tariff announcements by US President Donald Trump – and nearly 200 fund managers with cumulative assets under management (AUM) of $444 billion participated in the survey.
BUSINESS
Sebi not in favour of entry barriers for investors in equity F&O segment
The so-called 'product suitability framework' has not come up for discussions in recent meetings at Sebi, and there has been no indication that the capital market regulator may propose limiting retail participants in F&O based on skill or capital.
BUSINESS
What could be on the to-do list of incoming Sebi chairman Tuhin Kanta Pandey
There are unfinished items on agenda, and the incoming, seasoned bureaucrat will be expected to use his rich experience in the government apparatus to balance what market participants and policy makers want, keeping investor interest and protection at the centre stage.
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.
