BUSINESS
Brokers face operational issues in client fund rules, request Sebi for relaxation
The mandatory upstreaming of clients’ funds before the cutoff time of 6:30 pm every trading day, as well as reporting the details daily, has increased manpower and capital requirement at the brokers’ end, as per the associations
BUSINESS
Market momentum decoded: Why Nifty rallied past 20,000 despite FII selling
While inflows from domestic institutional investors have managed to act as a support, some part of the bullishness also spilled over from F&O markets, believe experts
BUSINESS
Nifty @ 20k: 49 out of 50 stocks participated in the rally from March
Analysts' darling banks — HDFC Bank, ICICI Bank and State Bank of India — have underperformed the Nifty 50 since March, albeit the stocks are in the green.
BUSINESS
Mutual fund assets at 15% of GDP is very low compared to US, says SEBI
The T+1 settlement cycle, which was implemented in January, has made the market more efficient, more liquid and reduced the risk in the system, SEBI's whole-time member Amarjeet Singh has said
BUSINESS
Norges Bank may vote against ICICI Securities delisting proposal as shareholders seek higher valuation
While boards of both ICICI Bank and ICICI Securities have given their nod to the proposal, approvals from the shareholders and creditors of both entities, Reserve Bank of India, the National Company Law Tribunal, and the stock exchanges are still pending.
BUSINESS
IRDAI chief foresees major insurance industry transformation, urging more companies
As part of its Mission 2047 'Insurance for All', IRDAI is planning to launch Bima Trinity - Bima Sugam, Bima Vistar, Bima Vaahaks – in collaboration with general and life insurance firms.
BUSINESS
Freedom of speech is fine, it must not cross the line, Sebi chief hits out at finfluencers
Several investigations by Moneycontrol have found these finfluencers associated with broking firms or mutual fund houses, which are SEBI-regulated entities.
BUSINESS
SEBI moving towards granular risk-based regulation using AI, says Madhabi Puri Buch
For instance, Sebi is planning to introduce Mutual Fund Lite regulations for passive funds, wherein investment decisions are not discretionary, but tied to changes in the underlying benchmark index
BUSINESS
Migration to one-hour and then instantaneous trade settlement soon: SEBI chief Buch
Currently trades in India are settled in 'T+1' or one day after the trades are initiated. Instant settlement would ensure trades are settled immediately.
BUSINESS
Kotak Bank trades at all-time low valuation; analysts divided on stock
Uday Kotak will continue as a non-executive director of the bank. With 25.72 percent stake, he also remains the biggest shareholder in the bank
BUSINESS
Clients with invalid KYC not allowed to trade or square up positions; How worried should you be?
In an email to the regulator sent in August, the Association of National Exchange Members of India said that clients were facing ‘link-related difficulties’.
BUSINESS
Brokers seek relaxation on SEBI audit firm rule, term it ‘discriminatory'
While the norms bolster confidence in financial disclosures, they also present potential challenges.
BUSINESS
BSE moves Bankex expiry to Monday from Friday, effective October 16
New contracts of S&P BSE Bankex with Monday expiry will be generated on October 13, 2023 end of day and will be available for trading with effect from October 16, 2023, BSE said
BUSINESS
Bullish on India | How Maruti Suzuki is steering in the right direction
With the cost of owning compact cars having gone up substantially, the SUV segment is expected to drive growth
BUSINESS
HDFC-HDFC Bank merger’s Rs 1.5-lakh-cr gift to Bajaj Finance, Jio Financial & other NBFCs
While the entire sector stands to benefit, foreign broking firm Nomura thinks this is a big positive for Bajaj Finance and its housing finance subsidiary Bajaj Housing Finance Ltd, from a ‘liability-garnering and finer-pricing perspective’.
BUSINESS
Reliance's 46th AGM today: A look at how shareholder base has changed in one year
RIL AGM 2023: An analysis of public shareholding in RIL shows, the number of retail shareholders have gone up by 1,90,270 over the past year with aggregate shareholding up 10 basis points
BUSINESS
What to expect from RIL’s 46th AGM: Retail & Jio IPOs, green energy & Jio Financial plans, and more
RIL AGM 2023: Investors are eagerly waiting for value unlocking in the telecom and retail divisions of RIL. Responding to shareholders questions in the previous AGM, chairman Mukesh Ambani had mentioned that he would update them on Jio and Retail IPOs during the next AGM
BUSINESS
This smallcap company just bought stakes in BSE, Jio Financial & Manappuram Finance
Elpro International, which has a market capitalisation of Rs 1,164.66 crore, said the acquisition is for investment purposes
BUSINESS
Be it GQG, Shankar Sharma or Ashish Kacholia, you can know who owns exactly how much in a stock
Section 88 of the Companies Act, 2013, mandates companies to share details of all shareholders. Each and every shareholder in a company – whether a big or small investor or someone with just one share - can ask and get this information for free
BUSINESS
Jio Financial Services down 5% for fourth day: When will passive fund selling end?
Since JFS hit circuit on first two days, the stock's exclusion from Nifty and Sensex was postponed. Instead of August 24, it is now set to be removed effective August 29
BUSINESS
10 ways Brightcom pulled wool over investors' eyes in preferential allotment of shares
The market regulator has found that the company not only committed accounting fraud but also fabricated bank account statements
BUSINESS
This auto ancillary stock loses overhang, sets 25% revenue growth goal
SJS Enterprises aims to compound its revenue on the back of acquisitions. Based in Bengaluru, it is among companies that operate in the decorative aesthetics industry.
BUSINESS
A question of values: How Jio Financial Services stacks up against rivals
The Reliance Industries arm seems to fall in the middle of the premium pack, and the cards seem to be in its favour
BUSINESS
Bullish on India | Focus on Bharat, strong brand recall to help Mankind Pharma's outperformance
Three months after its debut on the exchanges on May 9, the stock has scaled over 30 percent and analysts say there is room for an upside.
