Posts in category Business Standard
Board of Tourism Finance approves raising up to Rs 200 cr via equity issuance (26-02-2024)
At meeting held on 26 February 2024
Vinati Organics allots 8.83 lakh equity shares (26-02-2024)
Pursuant to scheme of amalgamation
GPT Healthcare IPO subscribed 8.52 times (26-02-2024)
The offer received bids for 16.84 crore shares as against 1.97 crore shares on offer.
Sebi cautions against fraudulent trading platforms offering FPI route (26-02-2024)
Capital markets regulator Sebi on Monday cautioned investors against fraudulent trading platforms, claiming to facilitate stock market access to Indians through Foreign Portfolio Investors (FPIs) route.
Sebi noted that fraudsters are enticing victims through online trading courses, seminars, and mentorship programs in the stock market, leveraging social media platforms such as WhatsApp or Telegram, as well as live broadcasts.
Posing as employees or affiliates of Sebi-registered FPIs, they coax individuals into downloading applications that purportedly allow them to purchase shares, subscribe to IPOs, and enjoy "institutional account benefits"-- all without the need for an official trading or demat account, Sebi said adding that these operations often use mobile numbers registered under false names to orchestrate their schemes.
The cautionary statement came after Sebi received a number of complaints regarding fraudulent trading platforms, which falsely claimed affiliation with FPIs a
INR Stays Range Bound As Equities Loiter In Red (26-02-2024)
The Indian rupee gained 2 paise to settle at 82.89 (provisional) against the US dollar in a range-bound trade on Monday, tracking volatility in the equity market. Local equities ended lower amid mixed global cues. Meanwhile, crucial inflation data from major economies this week are awaited for guidance on the outlook for global interest rate moves. The benchmark S&P/BSE Sensex ended the session down 352.67 points, or 0.48 percent, at 72,790.13 after a choppy session. The broader NSE Nifty index settled 90.65 points, or 0.41 percent, lower at 22,122.05. However, inflow of foreign funds and softer crude oil prices provided support to the Indian currency. Dollar index staying below 104 mark is also seen supportive for the local unit.
SBI Mutual Fund mops up over Rs 6,700 cr from Energy Opportunities Fund (26-02-2024)
SBI Mutual Fund, the country's largest mutual fund house, has collected over Rs 6,700 crore through its latest offering- energy opportunities fund - beating its internal target of Rs 5,000 crore.
In a statement, the fund house said the NFO has received a widespread response from all distribution channels and the overall number of applications crossed close to 5 lakh.
The NFO saw a large number of new investors participating which underscores the trust of investors and distributors in SBI Mutual Fund. It also underlines the strong belief that investors have in the energy theme, it said.
The Energy Opportunities Fund is an open-ended equity scheme following the energy theme tracking the energy index of the benchmark Nifty.
The scheme would invest 80-100 per cent of its assets in equity and equity-related instruments of companies engaged in energy (traditional and new) and allied business activities and the balance in other equity and equity-related instruments, including equity ...
NSE SME IPO Owais Metal and Mineral Processing subscribed 3.94 times (26-02-2024)
The offer received bids for 1.93 core shares as against 49.07 lakh shares on offer.
Nifty February futures trade at premium (26-02-2024)
NSE India VIX advanced 4.19% to 15.60.
Intellect deploys its CTX platform for Societe Generale (26-02-2024)
CTX provides a comprehensive suite of tools for corporate treasurers to automate real-time liquidity management across multiple accounts, in multiple currencies, held at multiple banks in multiple geographies. The platform fully automates the movement of cash balances to provide corporate clients with the optimal cash pooling experience; from visibility and forecasting to automated sweeping and investments.
Singapore Market falls 0.43% (26-02-2024)
At closing bell, the Straits Times Index (STI) index was down 13.79 points, or 0.43% to 3,171.12 after trading between 3,152.87 and 3,174.74. Volume of 1.78 billion shares worth S$1.06 billion changed hands. Across the broader market, decliners outpaced advancers 241 to 325.