Posts in category Business Standard
Stock Market LIVE: Sensex up 100 pts, Nifty holds 21,650; 2-wheelers rally (11-01-2024)
Stock market Update on Thursday, January 11: In the broader market, the BSE MidCap and SmallCap indices advanced over 0.6 per cent each. Polycab hit the 15 per cent lower circuit.
Sebi moots addl proposals on REITS, InvITs issuing subordinate units (10-01-2024)
Sebi on Wednesday proposed limiting the number of subordinate units that can be issued by REITs and InvITs as well as ensuring uniformity in the granted rights of such units.
Sebi, in a consultation paper issued on Wednesday, has also made suggestions related to changes in terms and conditions of the subordinate units by the Real Estate Investment Trusts (REITs) or Infrastructure Investment Trusts (InvITs) post-issuance.
The consultation paper has additional proposals for the proposed framework for issuance of subordinate units by REITs and InvITs.
In December last year, Sebi had sought public comments on the framework for issuance of subordinate units by REITs and InvITs to sponsor, their associates and sponsor group.
The issuance of subordinate units is primarily intended to bridge the valuation gaps that may arise as a result of difference in the valuation of an asset perceived by the sponsor (asset transferor) and the REITs/ InvITs (and/or its investors/unitholders).
On the ..
SEC’s X account hacked to falsely say Bitcoin ETF approved: Report (10-01-2024)
The SEC's X account was compromised and a fake post claiming that the agency had green lit plans for the products fueled a brief surge in the price of the world's biggest cryptocurrency
A fourth of FPI inflows in 2023 went into primary markets, shows data (10-01-2024)
Data provided by depository NSDL revealed that Rs 44,950 crore of the total FPI flows last year went into primary issuances
25% of FPI inflows in 2023 went into primary markets, shows data (10-01-2024)
Data provided by depository NSDL revealed that Rs 44,950 crore of the total FPI flows last year went into primary issuances
Nasdaq talks to India about overseas listings for local companies (10-01-2024)
Allowing Indian companies to list abroad on exchanges like Nasdaq will give them wider access to capital, Nasdaq's Executive Vice Chairman Edward Knight said in an interview
Markets piggyback on Reliance Industries rally; Sensex rises 271 points (10-01-2024)
Shares of RIL rose 2.7 per cent to end at a new record of Rs 2,650, valuing the firm at Rs 17.93 trillion. The stock surpassed its previous record high of Rs 2,620 on July 20, 2023
Old Bridge MF launches maiden offering in old bridge focused equity fund (10-01-2024)
As per the fund house, the scheme will go by the 'buy and hold' strategy and will look to invest in companies that have low debt and high capital efficiency
India ‘coolest party in town’ for all global investors: Zerodha Co-Founder (10-01-2024)
Global investors face the risk of losing out if they arrive too late in India, which is the "coolest party in town", discount brokerage Zerodha Co-Founder & CFO, Nikhil Kamath, said on Wednesday.
In his address at the Vibrant Gujarat Global Summit here, Kamath said in the last decade, India's entrepreneurship has evolved and the startup ecosystem has prospered under the vision and leadership of Prime Minister Narendra Modi.
"... to all the foreign investors here, India is seemingly looking like the coolest party in town. I think what you need to be aware of is if you arrive too late, you might not get in," Kamath remarked.
The big change in India in the last decade has been that entrepreneurship has moved from something that was only aspired or watched in movies to everyone "actively trying" for it.
"The last ten years have been incredible and I'm not the only exception here in India. There are many other exceptions like me, we all hang out. We call this the startup ecosystem of ..
Investors subscribe Jyoti CNC Automation IPO 3.92 times on 2nd day (10-01-2024)
The Initial Public Offer (IPO) of Jyoti CNC Automation got subscribed 3.92 times on the second day of bidding on Wednesday.
The IPO received bids for 6,87,09,015 shares against 1,75,39,681 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) received 11.08 times subscription while the portion for non-institutional investors got subscribed 6.49 times. The quota for Qualified Institutional Buyers (QIBs) attracted 22 per cent subscription.
Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors.
The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore.
The public issue, with a price band of Rs 315-331 per share, will conclude on Thursday.
Proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes.
Jyoti CNC Automation is a manufacturer of Computer Numerical Control (CNC) machines. Its customers include ISRO, BrahMos ..