Investors are concerned that the Fed may stick to its hawkish messaging. Analysts expect Fed Chair Jerome Powell to bolster expectations about interest rates staying higher for longer
Posts in category Business Standard
Sebi allows NRIs to own up to 100% in global funds at the GIFT City (30-04-2024)
Allows higher exposure to passive funds in group companies; increases NRI/OCI exposure to 100% if route via Gift City
ChrysCapital closes its $700 million continuation fund in India (30-04-2024)
The NSE has been planning an initial public offering but needs approval from the Securities and Exchange Board of India (SEBI)
ChrysCapital raises $700 mn to maintain stake in National Stock Exchange (30-04-2024)
The ‘continuation fund’ will allow ChrysCapital to maintain its stake in the NSE, where it first invested in 2016, while the firm’s older investors sell their stakes to new investors
Wipro inks deal with Nokia (30-04-2024)
To support digital workplace services
Hero MotoCorp announces pricing of HarleyDavidson 2024 range of motorcycles (30-04-2024)
Ex-showroom prices for Harley-Davidson 2024 range of motorcycles starts from Rs 13.39 lakh up to Rs 41.79 lakh.
Sebi board takes measures to curb fraudulent trades in mutual funds (30-04-2024)
Sebi board on Tuesday decided to amend norms governing mutual funds, whereby asset management companies (AMCs) need to put in place an “institutional mechanism” for identification and deterrence of potential market abuse, including front-running and fraudulent transactions in securities.
The mechanism should consist of enhanced surveillance systems, internal control procedures, and escalation processes to identify, monitor and address specific types of misconduct, including front running, insider trading, and misuse of sensitive information, Sebi said in a statement issued after the conclusion of the board meeting.
With a view to address the issues faced by venture capital funds (VCFs) registered under the erstwhile VCF norms with respect to their inability to fully liquidate the investments of their schemes within the tenure of the scheme, the Sebi’s board has approved a proposal to provide an option to such VCFs to migrate into AIF (Alternative Investment Fund) rules and avail the
Sterlite Technologies successfully partners with Archtop Fiber (30-04-2024)
To support development of Archtop’s expansive multi-gigabit fiber Internet network in the US
Essen Speciality Films standalone net profit declines 73.22% in the March 2024 quarter (30-04-2024)
Sales rise 11.22% to Rs 40.16 crore
DB (International) Stock Brokers standalone net profit rises 138.46% in the March 2024 quarter (30-04-2024)
Sales rise 191.70% to Rs 14.41 crore