BUSINESS
Extended trading hours: What's in store for traders and brokerages?
While the decision might benefit retail traders by helping them capitalise on the global events that transpire during the post-market hours, it is certain to pile on cost burdens, operational lags, and time crunch for brokerage houses.
BUSINESS
Bank of Baroda’s inclusion in MSCI index opens the door to higher FII inflows
Domestic brokerage and equity research houses have hailed the addition of Bank of Baroda as a major positive. Emkay Global foresees an inflow of $137 million and Nuvama Wealth $145 million
BUSINESS
SEBI seeks stricter norms for related party transactions by companies with high debt
The draft rules relate to listed companies which have listed their non-convertible debt securities and have an outstanding value of listed non-convertible debt securities of Rs 500 crore and above
BUSINESS
Sebi circular builds up burden of responsibilities and obligations for QSBs
The circular prescribes a modality for calculating scores of stock brokers based on various parameters, and any stock broker with a score equal to or greater than five will be identified as a Qualified Stock Broker.
BUSINESS
MC Explains| 3 Adani stocks on ASM radar. What does it mean for traders?
On February 2, NSE put Adani Enterprises, Adani Ports and Special Economic Zone, and Ambuja Cement under the Additional Surveillance Measure framework
BUSINESS
Budget 2023: Controversial P-Notes find a clear pathway via GIFT IFSC
P-notes are issued by registered FPIs to clients who wish to participate in the Indian capital markets but are not keen on registering with the Indian markets directly.
BUSINESS
SEBI to banks: Attach accounts and lockers of Sahara group firms, chief Subrata Roy
The banks have been directed to restrict all debit transactions from the accounts. However, credit transactions, if any, are to be permitted.
BUSINESS
Budget 2023: GIFT IFSC receives major boost
Provisions permitting acquisition financing by IFSC banking units and foreign banks will be unveiled.
BUSINESS
Budget 2023: Financial information registry in the works, RBI to play a pivotal role, says FM
The NFRI will facilitate the efficient flow of credit, promote financial inclusion, and foster financial stability
BUSINESS
Economic Survey 2023 shines light on growing demat accounts tally, flags declining additions
Economic Survey 2023: The number of demat accounts had risen 39 percent by the end of November 2022 from the year-ago period but new additions were fewer in FY23 relative compared to the previous year
BUSINESS
Nine out of 10 equity F&O traders lose money, 84% of them are men, 75% under 40: SEBI study
Between FY19 and FY22, retail investors have been waking up to the immense risk, that is implicit futures trading. This is evidenced by the dramatic fall in individual traders’ participation in the futures segment, which was at 43 percent in FY19 but fell to 11 percent in FY22. In the same time frame, participation in Options rose to 98 percent from 89 percent.
BUSINESS
Indus Towers Q3 hit by Vi's contagion, sends alarms bells ringing for investors
The state of panic for Indus Towers stems from Vi’s failure to cement a funding plan with its lenders, leading to shortfall in collection from the telco
BUSINESS
SEBI levies Rs 26-crore penalty on Cafe Coffee Day parent company; law firm to ensure recovery of Rs 3,400-crore dues
The fraudulent diversion and mismanagement of funds within the company amounting to a whopping Rs 3,535 crore first came to light when VG Siddhartha, the chairman of the Coffee Day group, committed suicide in July 2019.
BUSINESS
Sebi faces tribunal blaze for 'casual approach' in NSE co-location scam probe
The Securities Appellate Tribunal on Monday set aside the Sebi order to disgorge Rs 624 crore against the National Stock Exchange
BUSINESS
Will HUL face investors' ire for royalty payments to its parent?
Royalty payments continued to race past net profit and sales, and companies abounded where total sales and profit slumped while royalty growth leapfrogged, in some cases, by over 20% on a y-o-y basis.
BUSINESS
D-Mart's thinning profit margins indicate new pain point for investors
The easing of inflationary pressures may enable the retailer to bolster discretionary consumption in the coming quarters.
BUSINESS
SEBI mulls opening mutual fund ‘sponsor’ door to private equity funds
Private equity funds have been indirectly holding stakes in sponsors of mutual funds. Further, sponsors looking for an exit from the mutual fund business have not been able to find good offers from entities other than PE funds.
BUSINESS
SEBI greenlights launch of multiple contracts on same commodity
The decision is expected to be a welcome news for India’s leading commodity exchange, MCX, as the circular comes into effect immediately. Currently, barring gold, silver and precious metals, all other commodities have a single contract, which limits investors' and traders' participation.
BUSINESS
SEBI lays down SOP for stock exchange outages
The exchange has been given a 15-minute time window to inform market participants, trading members and other MIIs about the outage. The circular mandates that the exchange will have to inform the regulator immediately.
BUSINESS
Retail investors' rally takes a breather; new demat accounts, participation rates tumble
During April-November 2022, only 21.4 lakh new accounts were added against 27.6 lakh in the year-ago period
BUSINESS
MCX faces SEBI crackdown over 2018 spot trading platform development bid
The development of spot trading software has been deemed an 'unrelated activity' by the Adjudicating Officer’s order dated January 4. MCX has also been penalised for deploying funds to the said firm without the approval of the Board of the market regulator
BUSINESS
PR Sundar's firm, under Sebi scanner now, grows net worth 40-fold in 5 years
Futures and Options trading income lags behind other revenue streams such as training and mentorship
BUSINESS
Sebi doesn’t want Peter to pay Paul’s tax in buybacks
Sebi has proposed to phase out the stock exchange route for buybacks. The timeline for completion of buyback has been now reduced by 18 days.
BUSINESS
SEBI chief lambasts market players on missing 'spirit of the law'
“There is umpteen number of innovative malpractices in the market that keep us busy on regulation,” Buch said in a press interaction post-board meet on December 20.
