Indices claw back some losses suffered during topsy turvy week marred by US recession concerns
Posts in category Business Standard
Retail investors still buyers of US equities amid market volatility: Study (09-08-2024)
Vanda Research, a New York-based market research and analysis firm, found that individual investors caught up in market storm remained net buyers of shares of companies like Nvidia, Intel and AMD
Market regulator Sebi plans to launch smaller SIPs, Reit reforms in FY25 (09-08-2024)
In its annual report, regulator says difficult to recover dues stand at Rs 76,000 crore
Board of Sky Gold approves fund raising up to Rs 270 cr (09-08-2024)
At meeting held on 09 August 202
Rane (Madras) receives revision in credit ratings from CRISIL (09-08-2024)
Total Bank Loan Facilities Rated – Rs.604.55 crore
Long Term Rating – CRISIL A/Watch Positive (Continues on ‘Rating Watch with Positive Implications’)
Short Term Rating – CRISIL A1 (Reaffirmed)
Central Bank of India receives ratings action from CRISIL (09-08-2024)
CRISIL Ratings has also withdrawn its rating on Rs 1,100 crore of lower Tier-II bonds (under Basel II) and Rs 500 crore of Tier II bonds (under Basel III) on the bank’s request as the outstanding against the same is nil.
Equity MFs attracted over Rs 37K crore in July despite market volatility (09-08-2024)
Inflows in first four months of FY25 at Rs 1.3 trn, SIPs stood at record Rs 23,332 cr
Zydus Lifesciences Q1 FY25 results: PAT up 31%, revenue rises 21% (09-08-2024)
The API business contributed 2 per cent to consolidated revenues, growing 2 per cent Y-o-Y to Rs 141.5 crore
Kirloskar Ferrous Industries allots 2.49 cr equity shares (09-08-2024)
Under scheme of arrangement and merger
Property Share becomes first FOP; gets Sebi license for small, medium REIT (09-08-2024)
Property Share, which facilitates fractional ownership of commercial assets, on Friday said it has received the Small and Medium Real Estate Investment Trust (SM REIT) license from market regulator SEBI.
In a statement, the company said it has “become the first fractional ownership platform (FOP) to receive the Small and Medium Real Estate Investment Trust (SM REIT) license from the Securities and Exchange Board of India (SEBI)”.
The license has been given by the SEBI under the newly notified SM REIT regulations under the name of Property Share Investment Trust (PSIT).
Property Share will become the investment manager of PSIT.
In 2022, Property Share raised Rs 347 crore in a Series B round from WestBridge Capital.
“We look forward to continue working closely with SEBI in launching the IPO (Initial Public Offer) of the first SM REIT scheme in the weeks to come,” said Kunal Moktan, Co-Founder of Property Share.