While it took over 25 years to reach the 4 crore investor mark in March 2021, the subsequent 6 crore additions have been achieved in a significantly shorter timeframe, averaging around 6-7 months per crore. The last crore investors joined the platform in just over five months.
Posts in category Business Standard
Markets pull back again after 1-day respite; Sensex, Nifty down 0.73% each (08-08-2024)
Meanwhile, the RBI kept rates unchanged for a ninth straight meeting
Board of Ircon International approves closure of IRSDC (08-08-2024)
At meeting held on 08 August 2024
Board of Gujarat Alkalies & Chemicals approves change in CFO (08-08-2024)
At meeting held on 08 August 2024
Sensex drops 582 pts, Nifty ends below 24,150 after RBI maintains policy rates (08-08-2024)
Domestic stocks plunged on Thursday as the Reserve Bank of India (RBI) maintained its status quo on interest rates for the ninth consecutive time due to persistent food inflation. The benchmark Nifty50 index closed below the 24,150 level, despite touching a high of 24,340.50 during the afternoon session. Trading was volatile due to the expiry of weekly index options on the National Stock Exchange. The IT, metals, and energy sectors were particularly hard hit.
Unicommerce Esolutions IPO subscribed 168.35 times (08-08-2024)
The offer received bids for 237.11 crore shares as against 1.40 crore shares on offer.
Brainbees Solutions (Firstcry) IPO subscribed 12.22 times (08-08-2024)
The offer received bids for 60.64 crore shares as against 4.96 crore shares on offer.
Bharat Forge Q1 PAT slips 13% YoY, board OKs raising upto 2,000 cr (08-08-2024)
The forging company’s standalone net profit declined 13.51% to Rs 269.42 crore in Q1 FY25 as against Rs 311.50 crore posted in Q1 FY24.
Sebi proposes revised format for FVCI for filing compliance report (08-08-2024)
Capital markets regulator Sebi on Thursday proposed a revised format for filing compliance reports by Foreign Venture Capital Investors with regard to their activities.
Under the rule, Foreign Venture Capital Investors (FVCI) are required to provide quarterly reports to Sebi in the format specified with respect to their venture capital activities.
“Recently, the Sebi board has approved amendments to FVCI Regulations which will be notified in due course. In this context, a need for revising the format for filing of compliance reports by FVCI has been felt,” Sebi said in its consultation paper.
As per the proposed revised format, FVCI are required to provide general information about them, including Sebi’s registration number, date of grant of such registration, date of incorporation, country of incorporation, category of FVCI, and principal place of business.
Additionally, they are required to provide details of directors, brief investment details of FVCI in India, industry-wise …
Ausom Enterprise consolidated net profit rises 54.83% in the June 2024 quarter (08-08-2024)
Sales rise 786736.36% to Rs 865.52 crore