Posts in category Business Standard
Sebi mandates periodic PFMIs assessment for depositories, clearing corps (19-12-2023)
Markets regulator Sebi on Tuesday asked depositories and clearing corporations to carry out self-assessment with respect to Principles for Financial Market Infrastructures (PFMIs) on a periodic basis.
The issue of assessment of PFMI by Sebi-regulated FMIs (Financial Market Infrastructures) was discussed at the regulator's secondary market advisory committee, according to a circular.
Based on the recommendations of the committee, Sebi said it has been "decided that FMIs shall carry out self-assessment on a periodic basis against the PFMIs and disclose the same on their websites".
In this regard, the 24 principles for FMIs have been classified as "quantitative" and "qualitative".
FMIs regulated by Sebi are depositories and clearing corporations.
According to the circular, FMIs should be monitored and assessed against the PFMIs on annual basis by the Regulatory Oversight Committee (ROC) of the FMI.
ROC should submit a report to the governing board of the FMI and Sebi within 60 days
IPO wrap: Motisons Jewellers subscribed 51 times, others above two times (19-12-2023)
It was the penultimate day of the issue for Muthoot Microfin, Motisons Jewellers, and Suraj Estate Developers
Banks, finance companies lost out in 2023 despite record earnings (19-12-2023)
The combined earnings of all listed companies were up 38 per cent Y-o-Y to Rs 3.07 trillion, down from Rs 3.18 trillion in Q1FY24
Nifty, Sensex could see another 8-10% upside in 2024: HDFC Securities (19-12-2023)
The brokerage said its preferred sectors are large-cap banks, industrial and real estate, power, autos, pharma, OMCs, gas, and capital markets
RBI issues advisory to banks, financial cos to curb evergreening via AIFs (19-12-2023)
According to the RBI advisory, banks, NBFCs, and other financial institutions like Nabard and Sidbi will not be able to make investments in any scheme of AIFs which has downstream investments
India’s IPO momentum seen growing on prospects of political stability (19-12-2023)
India's share of global IPO proceeds is at an all-time high of 5.98%, Dealogic says, almost doubling in 2 years, while its share of Asia IPO proceeds has also grown to 9.9% this year from 5.9% in 2018
Nestle rallies 6% to fresh high; sets Jan 5 as record date for stock split (19-12-2023)
The company has fixed January 5, 2024 as the record date to determine shareholders eligible for its 1:10 stock split
India Glycols soars 11% on winning ethanol supply order from OMCs, Reliance (19-12-2023)
The company has won orders worth Rs 1,164 crore for supply of 165.5 million liters of ethanol to BPCL, Indian Oil, HPCL, Reliance Ind and Nayara Energy
SpiceJet zooms 29% in two days on plans to acquire bankrupt Go First (19-12-2023)
As per reports, SpiceJet is among the three entities that have shown late interest in acquiring bankrupt carrier Go First. The other two are Sharjah-based Sky One and Africa-based Safrik Investments.
Share-sale frenzy in Indian market seen continuing in 2024, say bankers (19-12-2023)
Initial public offerings and follow on share sales in India this year exceeded Hong Kong for the first time in at least 30 years, according to data compiled by Bloomberg