Posts in category Business Standard
Sebi panel for abolishing security deposit requirement in public issues (02-02-2024)
An expert committee formed by Sebi on Friday suggested to abolish the requirement of a mandatory security deposit with the exchanges before a public issue, a move that could make it easier for companies to access the primary market.
Under the current rule, any company that is looking to launch a public or rights issue of equity shares has to deposit with the stock exchanges an amount equal to 1 per cent of the issue size. The deposit is returned to the company after the public issue.
In the consultation paper issued by Sebi, the committee suggested that the requirement of 1 per cent security deposit for public or rights issues may be done away with.
Explaining the rationale behind the move, the committee said that the requirement of 1 per cent security deposit was put in place for public/rights issues so that an issuer resolves investor complaints relating to the transaction such as for refund of application money, allotment of securities and dispatch of certificates.
However, ...
Post-Budget optimism takes Nifty to new high; Sensex ends 440 points higher (02-02-2024)
Softening of US, domestic bond yields spurs appetite for risky assets
Alok Industries receives credit ratings from CARE (02-02-2024)
Long term bank facilities (Rs 3500 crore) - CARE AA+; Stable
Long term / short term bank facilities (Rs 190 crore)- CARE AA+; Stable/ CARE A1+
Short term bank facilities (Rs 10 crore) - CARE A1+
Vikas Lifecare update on its subsidiary – IGL Genesis Technologies (02-02-2024)
Vikas Lifecare announced an update from IGL Genesis Technologies (IGTL), the joint venture company formed between Genesis Gas Solutions (GGSPL) (subsidiary of the company) & Indraprastha Gas (IGL).
Board of Andhra Paper approves capex of Rs 270 cr for new tissue paper machine (02-02-2024)
At meeting held on 02 February 2024
Tata Motors receives affirmation in credit ratings from CRISIL (02-02-2024)
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Sebi mulls removing 1% security deposit for IPOs and rights issue (02-02-2024)
The regulator added that the number of complaints per IPO have reduced after the implementation of T+3 (Trade day plus three days) listing cycle
Mkt experiences volatility, Nifty hits record high (02-02-2024)
The market's performance was influenced by several key factors, including the reduced fiscal deficit target of 5.1% for FY25 and the government's lower borrowing plan, which were presented on the budget day. These measures by the government highlighted confidence and control over the economy, thereby contributing to positive investor sentiment.
Tata Motors reports Q3 PAT zooms to Rs 7,145 cr (02-02-2024)
Tata Motors reported a consolidated net profit of Rs 7,145.43 crore in Q3 FY24, steeply higher from Rs 3,043.15 crore posted in Q3 FY23.
RateGain Travel hits record high as PAT jumps 3x YoY in Q3 (02-02-2024)
RateGain Travel Technologies rallied 5.82% to Rs 841.30 after the company reported a consolidated net profit of Rs 40.42 crore in Q3 FY24, steeply higher than Rs 13.23 crore posted in Q3 FY23.