Posts in category Business Standard
3 PE firms offload 7.9% in Mankind; Motisons Jewellers IPO to open Dec 18 (12-12-2023)
The deals took place at around Rs 1,832 apiece. Shares of Mankind fell 3.6 per cent to close at Rs 1,849
Depositories ready ground for the secondary market ASBA facility (12-12-2023)
In a communication to brokerages, CDSL has also issued the operational modalities for the mechanism
Depositories ready ground for the secondary market ASBA facility (12-12-2023)
In a communication to brokerages, CDSL has also issued the operational modalities for the mechanism
Top five companies account for 16% of India mcap, lower than DMs (12-12-2023)
Among the top 10 nations in terms of market value, Saudi Arabia has the largest concentration, with top five companies accounting for over 80 per cent of its market value
Sebi halts Religare Commodities’ registration in NSEL paired contracts case (12-12-2023)
Markets regulator Sebi on Tuesday suspended the registration of brokerage firm Religare Commodities for its alleged involvement in illegal paired contracts on the now defunct National Spot Exchange Ltd (NSEL).
By providing access for taking exposure to 'paired contracts', the brokerage exposed its clients to the risk involved in trading in a product that did not have regulatory approval, Sebi said in its order.
Further, the regulator said the trading activities of the noticee (Religare Commodities) in 'paired contracts' for its clients on the NSEL platform have serious ingredients jeopardising the competence and integrity of the noticee in the securities market.
Accordingly, Sebi has suspended the registration of Religare Commodities as a commodities derivative broker, for three months from the date of this order or till the FIR filed against the broking firm by EOW (Economic Offences Wing) ceases to be pending or till the noticee is acquitted by a court about the FIR, whichever is
Hackers stole about $1.7 billion this year from crypto projects: Report (12-12-2023)
Infrastructure attacks - such as private-key theft that gives hackers access to a crypto project's servers to steal funds or manipulate trades - contributed to nearly 60% of the total stolen this year
Axis AMC expects to garner Rs 100 cr from US treasury dynamic bond ETF (12-12-2023)
Axis Mutual Fund on Tuesday launched an open-ended fund of ETF -- wherein the underlying investments comprise US treasury securities -- and is expecting to garner at least Rs 100 crore in the opening week.
The seventh largest fund house expects to mop up at least Rs 500 crore from the US treasury dynamic bond ETF in the next one year.
The fund house said the NFO, which will be managed by Vinayak Jayanath, will close on December 19.
If redeemed/switched-out within one month from the date of allotment, the fund house will charge an exit load of 0.25 per cent, it said, adding that if redeemed after one month from the date of allotment, there will be no such charges.
The ETF is benchmarked against the Bloomberg US intermediate treasury index, and has the primary investment objective of providing regular income by investing in units of overseas ETFs, B Gop Kumar, the chief executive of the company, said.
Sebi tweaks rule on upstreaming clients’ funds by brokers to clearing corps (12-12-2023)
To promote ease of doing business, capital markets regulator Sebi on Tuesday tweaked the framework requiring stock brokers or clearing members to upstream clients' funds to clearing corporations.
This came after Sebi received representations from various stakeholders -- stock brokers, and brokers' associations citing certain operational difficulties in implementation of the framework.
Addressing the issue, Sebi said that stock brokers (SBs) or clearing members (CMs) will upstream all the clients' clear credit balances to clearing corporations (CCs) on the End of Day (EOD) basis. Such upstreaming will be done only in the form of either cash, lien on Fixed Deposit Receipts (FDRs) created out of clients' funds, or pledge of units of Mutual Fund Overnight Schemes (MFOS) created out of clients' funds.
Stock brokers are required to maintain designated client bank account to receive funds from their clients. The nomenclature of all such accounts will be changed to either of the two ...
South Korea’s Mirae Asset Securities buys Sharekhan for Rs 3,000 crore (12-12-2023)
Frenching banking major BNP Paribas bought the retail broking unit in 2007
Sensex takes breather after scaling 70k peak, ends 377 points lower (12-12-2023)
Nifty50 index slumps 91 points --- biggest single-day fall since November 1