Posts in category Business Standard
Small, midcap valuation premium over benchmarks shrinks, shows data (15-03-2024)
The long-term data, however, suggests the mid and small stocks have on most occasions traded at a premium to the benchmark index
Ease of doing biz: Market regulator Sebi to relax certain norms for FPIs (15-03-2024)
Regulator Sebi on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market.
Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities.
In a move aimed at testing the feasibility of the optional T+0 settlement mechanism, a Beta version for a limited 25 scrips and limited brokers will be launched.
Sebi will continue to do further stakeholder consultation, including with the users of the Beta version. The progress will be reviewed at the end of three months and six months, after which further course of action will be decided, Sebi said in a release.
These proposals were cleared by the Sebi board at its meeting that ended late on Friday.
Among other measures, the regulator decided to
Ease of doing biz: Market regulator Sebi to relax certain norms for FPIs (15-03-2024)
Regulator Sebi on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market.
Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities.
In a move aimed at testing the feasibility of the optional T+0 settlement mechanism, a Beta version for a limited 25 scrips and limited brokers will be launched.
Sebi will continue to do further stakeholder consultation, including with the users of the Beta version. The progress will be reviewed at the end of three months and six months, after which further course of action will be decided, Sebi said in a release.
These proposals were cleared by the Sebi board at its meeting that ended late on Friday.
Among other measures, the regulator decided to
Retail-heavy stocks plummet nearly 10% this month, shows data (15-03-2024)
All three stocks have come off sharply from their February highs
Stress test: Top 6 smallcap funds need over 20 days to liquidate 50% assets (15-03-2024)
Sebi had called for such tests in the face of strong inflows into smallcap and midcap funds, despite concerns over high valuations, to keep investors better informed
Small-, mid-caps log biggest weekly decline in 15 months, shows data (15-03-2024)
Benchmark indices see worst weekly slump in five months
Krystal Integrated Services IPO subscribed 70% on second day of offer (15-03-2024)
The initial public offer of facility management and security services provider Krystal Integrated Services received 70 per cent subscription on the second of bidding on Friday.
The initial share sale got bids for 21,00,940 shares against 29,99,448 shares on offer, as per NSE data.
The portion for non-institutional investors got subscribed 1.15 times, while the category for Retail Individual Investors (RIIs) received 58 per cent subscription. The quota for Qualified Institutional Buyers (QIBs) fetched 57 per cent subscription.
The Initial Public Offer (IPO) has a fresh issue of up to Rs 175 crore and an offer-for-sale of up to 1,750,000 equity shares.
The initial share sale is priced in the range of Rs 680-715 a share.
Krystal Integrated Services has mopped up over Rs 90 crore from anchor investors.
The company began operations in 2000 as a private security staff provider and from 2005 entered the facility management segment.
Around 70 per cent of its facility management business
PwC India to offer tech-based compliance monitoring services with Axar (15-03-2024)
Agreement will have the two companies work together in 'creating market awareness'
Welspun Flooring to source renewable energy from SPV Welspun Bhargavi (15-03-2024)
WFL proposes to enter into the Power Purchase Agreement (with Take or Pay arrangement) for supply of renewable power for a period of 25 years. WFL will hold up to 49% equity share capital of WBPL. It would be a significant step towards the Company's journey to reach 100% RE by 2030.
Amber Enterprises India announces incorporation of step-down subsidiary (15-03-2024)
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