Posts in category Business Standard
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
Share prices of Godrej Ind, Godrej Properties, Astec Lifesciences drop (02-05-2024)
Godrej Industries shares fell by 7 per cent to Rs 893 a share, while Godrej property's share fell by 4.4 percent to Rs 2,532 a share
Currency derivatives volumes plunge significantly on RBI exposure norms (02-05-2024)
The central bank deferred exposure rules implementation until May 3 amid investor concerns
IEX overall trade volume rises 14% to 9,044 million units in April (02-05-2024)
The Indian Energy Exchange (IEX) posted 14.1 per cent growth in its overall trade volume at 9,044 million units in April as compared to the year-ago period.
The exchange achieved 7,928 MU overall trade volume in April 2023, including green market trade of 280 MU, 1.99 lakh RECs (renewable energy certificates equivalent to 199 MU) and 1.23 lakh ESCerts (energy savings certificates equivalent to 123 MU), as per IEX data.
RECs at 618 MU increased 211 per cent YoY (year-on-year). At Rs 204 per certificate, the REC market recorded an all-time low price in the trading session held on April 24, 2024, a statement said.
REC prices declined 80 per cent YoY.
These prices provide an opportunity to obligated consumers to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.
The Market Clearing Price in Day Ahead Market (DAM) during April 2024 at Rs 5.1/unit reduced approximately 6 per cent year-on-year.
The sell bids on the exchange (Day
Ugro Capital standalone net profit rises 132.83% in the March 2024 quarter (02-05-2024)
Sales rise 54.29% to Rs 322.41 crore
Railtel Corporation of India standalone net profit rises 3.04% in the March 2024 quarter (02-05-2024)
Sales rise 19.39% to Rs 832.70 crore
N K Industries consolidated net profit rises 121.05% in the March 2024 quarter (02-05-2024)
Sales decline 33.41% to Rs 5.72 crore
Plastiblends India standalone net profit rises 23.59% in the March 2024 quarter (02-05-2024)
Sales rise 0.47% to Rs 198.91 crore
Aadhar Housing Finance sets IPO price band of Rs 300 to Rs 315 per share (02-05-2024)
Aadhar HFC provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension
Adani Ent Q4 PAT drops 38% YoY to Rs 451 cr (02-05-2024)
Adani Enterprises consolidated net profit fell 37.63% to Rs 450.58 crore in Q4 FY24 as compared with Rs 722.48 crore posted in Q4 FY23.