Posts in category All News
Market regulator Sebi may step in for appointments of key officials at MIIs (22-11-2024)
Proposes to align their hiring process with that of MD
Is Adani Group guilty of violating disclosure norms? (22-11-2024)
Stock exchanges have sought clarification on violation of disclosure norms by Adani Group entities regarding the alleged bribery case in the US and subsequent cancellation of Kenya’s airport expansion deal. In its response to the case in the US, Adani Group firms on Thursday had said “there are no allegations made against the company”. On clarification with regard to Kenya cancelling airport expansion and energy deals following the US bribery and fraud indictments, the group is yet to respond to the bourses.
84% of Indian stockbrokers to increase tech spending on AI, algo trading: Report (22-11-2024)
Nearly 84% of Indian stockbrokers plan to increase IT budgets in 2024-25, with a focus on AI, machine learning, and other emerging technologies. This reflects the industry’s growing focus on adopting transformative technologies to enhance efficiency and scalability.
CarTrade Tech – A Multi-Channel Auto Platform (22-11-2024)
CarTrade
From the sidelines of JM Financials conf
Globally, digital ad spends are ~45-50% whereas in India, it is still at ~15% hence a lot
of potential to grow.
CarTrade generates 85-90% of traffic organically. Rest 10-15% is via performance
marketing.
In Consumer business, 85% of revenue comes from New cars in which OEMs contribute
~65% and Dealers contribute ~35% whereas Used car revenue is 15% of total
consumer segment revenue.
The repossession business has bottomed out and in the next couple of quarters SAMIL
should deliver reasonable performance.
OLX has a robust brand recall with customers across different city tiers driving organic
traffic to the platform. Also, OLX has limitless TAM as it basically handles all used
products in India. It’s the number one or leading place where any consumer can sell a
used product or buy a used product. OLX now holds a monopolistic position in preowned classifieds with the sector.
Yelloh, Formerly Schwan’s Home Delivery, Closes (22-11-2024)
The frozen food delivery company, known for its yellow trucks, has closed after losing ground to its competitors and renaming itself Yelloh.
Silver ETFs hog limelight on renewed investors’ interest (22-11-2024)
gaining sheen. Assets up four-fold to ₹12,331 crore, signaling investor interest in the white metal
Exchanges seek clarification on disclosure violations by Adani Group firms (22-11-2024)
Stock exchanges have sought clarification on violation of disclosure norms by Adani Group entities regarding the alleged bribery case in the US and subsequent cancellation of Kenya’s airport expansion deal.
In its response to the case in the US, Adani Group firms on Thursday had said “there are no allegations made against the company”.
On clarification with regard to Kenya cancelling airport expansion and energy deals following the US bribery and fraud indictments, the group is yet to respond to the bourses.
While there was no word from Sebi officials, experts pointed out the regulator will have to definitely look into it if there are any disclosure and other violations and take necessary action.
Billionaire Gautam Adani, his nephew Sagar Adani, and others have been charged by US prosecutors with allegedly being part of an elaborate scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts.
The United