Posts in category Business Standard
Stocks to Watch today: Marico, OMCs, Sheela Foam, Suryoday SFB, defence (05-10-2023)
Stocks to Watch on Thursday, October 5, 2023: The government, on Wednesday, released the fifth Positive Indigenisation List (PIL) of 98 items which will be procured by the three armed services
Sell Nifty PSU Bank on rise; buying opportunity in Nifty FMCG at this level (05-10-2023)
According to Ravi Nathani, traders eyeing Nifty FMCG index might find value in purchasing when the index nears the lower limit of its current range
Easing oil prices lifts market mood; Sensex up 406 pts, Nifty near 19,550 (05-10-2023)
Closing Bell on October 5, 2023: L&T, Titan Company, TCS, Bajaj Auto, M&M, Infosys, Eicher Motors, Asian Paints, and ICICI Bank were the top stocks that supported the indices, rising up to 2.15%
Jury selection resumes at fraud trial for FTX founder Sam Bankman-Fried (04-10-2023)
The final stages of jury selection resumed on Wednesday at the fraud trial of FTX founder Sam Bankman-Fried in New York City.
Opening statements were expected to begin by the early afternoon in Manhattan federal court, where Bankman-Fried has entered not guilty pleas to seven charges.
Prosecutors say the California man defrauded thousands of investors and customers in his businesses by siphoning off their money for his own uses.
Defense lawyers insist that their client had no criminal intent as he became famous in the crypto world while growing FTX and a related business, Alameda Research, into multibillion dollar heavyweights in the cryptocurrency industry.
Attorneys and Judge Lewis A. Kaplan were reducing a pool of 45 prospective jurors to a jury of 12 with six alternates, who would sit through the duration of a trial projected to last up to six weeks.
Bankman-Fried, 31, became a target of investigators when FTX collapsed last November amid a rush of customers seeking to recover
IPO fund mop-up declines 26% to Rs 26,300 crore during April-Sept (04-10-2023)
Fundraising through mainboard IPOs declined 26 per cent to Rs 26,300 crore in the first half of the fiscal, even as the number of issues more than doubled to 31.
In the first half of FY23, the amount raised via Initial Public Offerings (IPOs) stood at Rs 35,456 crore through 14 issues, according to data collected by Prime Database.
However, excluding the mega LIC issue in May 2022, fund mobilisation this year jumped 76 per cent year-on-year.
According to Pranav Haldea, Managing Director of the portal, fundraise via equities rose 69 per cent to Rs 73,747 crore in the April to September period, from Rs 43,694 crore in the first half of FY23.
This includes the money raised through the SME issue platforms, InvITs, REITs, OFS, QIP and public debt issues, he said.
Including SME issues, the money raised stood at Rs 29,032 crore in the reporting year, down from Rs 36,594 crore in H1, FY23.
Offer for Sale (OFS) amounts, including InVITs and REITs, plunged to Rs 1,446 crore in the period u
Rise in US bond yields would result in lower valuations for Indian equities (04-10-2023)
This increase in the US bond yield, the most significant in roughly four decades, is consequential
Sebi forms Working Groups to recommend simplification, ease of compliance (04-10-2023)
Capital markets regulator Sebi on Wednesday said it has constituted Working Groups to recommend on simplification of various rules, ease of compliance, and reduction in the cost of compliance.
Also, the regulator has sought suggestions from public and regulated entities till November 6 towards simplifying the rules.
The move came following an announcement made in the Union Budget for FY 2023-24.
In a statement, the regulator said it has formed Working Groups to recommend simplification of various Sebi rules.
"The Working Groups will also look into the compliance requirements to enhance ease of compliance and reduction in the cost of compliance," the Securities and Exchange Board of India (Sebi) said.
At present, 16 Working Groups, under the aegis of its standing advisory committees, are reviewing compliance requirements under various Sebi rules applicable for entities, including listed companies, mutual funds, stock brokers, alternative investment funds, REITs (real estate investm
One in three Indian investment advisors are not registered, says Sebi (04-10-2023)
The comments from Buch, the first woman to head India's markets regulator, come as the south Asian country continues to see an unprecedented retail investing boom
Gold edges up as dollar slips after US jobs openings rose unexpectedly (04-10-2023)
Spot gold was steady at $1,822.20 per ounce by 0948 GMT, while U.S. gold futures dropped 0.2% to $1,838.40
Sensex, Nifty50 close at dip as US treasury yields hit highest since 2007 (04-10-2023)
Market participants also exercised caution ahead of the Reserve Bank of India's upcoming monetary policy announcement