Posts in category Business Standard
BlackRock’s Bitcoin ETF first to cross $1 billion threshold in inflows (18-01-2024)
Investors deposited $371 million in the fund on Wednesday, pushing IBIT past the milestone, data compiled by Bloomberg show
NSE retains largest derivative exchange tag for the fifth consecutive year (18-01-2024)
The exchange ranked third in the world in the equity segment by number of trades in 2023
NHPC OFS booked 2.3x, institutional buyers bid for 802 million shares (18-01-2024)
Through the OFS, the government was looking to divest nearly 3.5 per cent stake in the hydropower firm
TMS Ep610: Crypto fillip, snowless winter, PSU stocks, Bitcoin Spot ETF (18-01-2024)
Will Binance crackdown offer a fillip to Indian crypto exchanges? Why are Indian hills facing a snowless winter? Will rally in PSU stocks run out of steam? What is the Bitcoin Spot ETF? Answers here
HDFC Bank’s ADR premium shrinks to nearly zero as FPIs turn bearish (18-01-2024)
Analysts scale back earnings growth estimates for the private sector lender
Sebi issues notices to DHFL’s ex-promoters in disclosure violation case (18-01-2024)
Capital markets regulator Sebi on Thursday sent demand notices to Dheeraj Wadhawan and Kapil Wadhawan, the former promoters of Dewan Housing Finance Corp Ltd (DHFL), asking them to pay Rs 10.6 lakh each in a case concerning flouting of disclosure norms.
Also, the regulator has warned them of arrest and attachment of assets as well as bank accounts if they fail to make the payment within 15 days, according to two separate notices.
The demand notices came after the Wadhawans failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in July 2023.
The regulator imposed a fine of Rs 10 lakh each on Wadhawans, who were promoters of DHFL (now known as Piramal Finance), for flouting disclosure norms.
Kapil Wadhawan was the Chairman and MD of DHFL, while Dheeraj Wadhawan is the brother of Kapil and was a non-executive director in the company. Both of them were on the board of DHFL.
The order came after Sebi conducted an investigation into the transfer of .
SAT refuses stay on market regulator Sebi’s order against Brightcom (18-01-2024)
Sebi had also barred 21 others, including ace investor Shankar Sharma, from diluting their stakes in the company
Market rally has margin trading book hitting record Rs 54,537 crore in Jan (18-01-2024)
The recent market rally that lasted till earlier this week has the margin funding book of brokers nearly soaring 90 per cent Rs 54,537 crore as of January 16, a lifetime high for the segment, show the data from the exchanges and a research report.
The margin funding, wherein an investor pays 25-35 per cent of the stock value he or she buys and the rest is paid by brokers for a monthly interest of 12-15 per cent, stood at Rs 29,000 crore for the whole of January 2023 but jumped to Rs 54,537 crore as of January 16, 2024.
The market rally also had the cash segment of the market jumping to a record 25 per cent in December 2023, according to an analysis by Icra Ratings.
With the recovery in secondary market returns from Q2FY24, the margin trade funding (MTF) book of brokers in general and especially those led by banks, has been achieving new highs. The aggregate industry-wide MTF exposure soared 98 per cent from March 2023 when it was Rs 26,000 crore to Rs 51,000 crore in December 2023,
Social media platform Reddit seeks to launch its first IPO in March (18-01-2024)
It would be first IPO of a major social media company since Pinterest's debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from likes of TikTok & FB
Tougher EU money laundering rules target crypto, luxury vehicle dealers (18-01-2024)
"It is a good day for EU citizens and businesses, but bad day for oligarchs and terrorists," said Eero Heinaluoma, one of lawmakers who took part