Posts in category Business Standard
Orchasp reports standalone net profit of Rs 0.01 crore in the March 2024 quarter (03-05-2024)
Sales decline 63.95% to Rs 3.50 crore
Trading action on May 03: New highs, block deal, open offer, Q4 nos & more (03-05-2024)
All you need to know before Sensex, Nifty opens for trade on Friday, May 03: Positive global cues, Gift Nifty hint at gap-up open; Bajaj Finance, CoForge, Yes Bank in focus.
Zydus Life: When to book profit in this stock? Get HDFC Securities view here (03-05-2024)
Price rise is accompanied by the rise in the volume, suggesting strength in the uptrend. Stock price has broken out on the daily chart with higher volumes to close at highest level since 10 April 2024
HDFC Mutual Fund buys 1.13 million Cyient shares for Rs 204 crore (02-05-2024)
HDFC Mutual Fund on Thursday bought shares of global digital engineering and technology company Cyient Ltd for Rs 204 crore through an open market transaction.
According to the bulk deal data available with the BSE, HDFC Mutual Fund purchased 11.33 lakh shares, amounting to a 1.02 per cent stake in Cyient.
The shares were picked up at an average price of Rs 1,800 apiece, taking the deal size to Rs 204.10 crore.
After the stake buy, HDFC Mutual Fund's shareholding in Cyient has increased to 2.1 per cent from 1.08 per cent.
The details of the sellers could not be ascertained.
On Thursday, shares of Cyient fell 0.67 per cent to close at Rs 1,794.30 apiece on the BSE.
In a separate transaction on the NSE, Ventureast divested a 1.8 per cent stake in fintech player Zaggle Prepaid Ocean Services for Rs 67 crore through an open market transaction.
Bengaluru-based Ventureast through its affiliate Ventureast Proactive Fund LLC offloaded 22.27 lakh shares, amounting to a 1.8 per cent stake
Aadhar Housing Finance sets IPO price band at Rs 300-315 per share (02-05-2024)
The initial share sale will be open for public subscription during May 8-10 and the bidding for anchor investors will open for a day on May 7, the company said in a statement
GIFT Nifty logged $82 bn turnover in April; SK Finance files draft papers (02-05-2024)
Vehicle finance and business loans-focused non-bank lender SK Finance has filed preliminary papers with Sebi to garner Rs 2,200 crore through an initial share sale
Indices rebound on record GST collections, positive manufacturing data (02-05-2024)
Kotak Mahindra Bank was the biggest loser, dropping 2.95 per cent after the bank announced the exit of its joint managing director KVS Manian
India’s IPO market set to break May jinx in Lok Sabha election year (02-05-2024)
For 1st time during poll cycle since '04, mkts will see IPO frenzy
Sebi introduces draft for stock exchanges to supervise research analysts (02-05-2024)
Markets regulator Sebi on Thursday came out with a framework for administration and supervision of research analysts and investment advisers, whereby a stock exchange can be authorised to oversee and manage such entities.
In a circular, Sebi said a stock exchange should be granted recognition as RAASB (Research Analyst Administration and Supervisory Body) and IAASB (Investment Adviser Administration and Supervisory Body).
"To begin with, in order to ensure efficiency in the system and economies of scale, RAASB and IAASB shall be one and the same stock exchange," it added.
To be recognised as a RAASB and IAASB, a stock exchange must have been operational for at least 15 years, possess a net worth of at least Rs 200 crore, need to have nationwide terminals and investor service centres in 20 cities and provide a grievance redressal mechanism, including online dispute resolution.
The exchange is required to set up the necessary infrastructure and systems for administration and ...
Sebi makes mandatory registration of PMS providers with industry body APMI (02-05-2024)
Markets regulator Sebi on Thursday decided to promote collective oversight of PMS distributors by making registration with the Association of Portfolio Managers in India (APMI) mandatory for them.
The move is aimed at promoting ease of doing business initiatives for portfolio managers.
The new directive would come into effect from January 1, 2025, and APMI would issue the criteria for registration of distributors by July 1, this year, Sebi said in a circular.
"In order to facilitate collective oversight of PMS (Portfolio Manager Services) distributors at the industry level, it has been decided that any person or entity involved in the distribution of portfolio management services shall obtain registration with APMI," Sebi said.
Portfolio Managers have been asked to ensure that any person or entity engaged in the distribution of its services has obtained registration with APMI, in accordance with the criteria laid down by APMI.
This is in line with the practice already being follow