Posts in category Business Standard
With rains at unprecedented low in August, kiranas keep stocks low (10-09-2023)
Sales of FMCG items slowed both on a month-on-month (M-o-M) basis and year-on-year (Y-o-Y) and stores stocked up on lesser products, according to Bizom data
G20 New Delhi declaration set to give India’s crypto regulation a fillip (10-09-2023)
India would, however, follow the global consensus on crypto assets, which goes beyond G20
India to decide on crypto, IMF-FSB paper to act as bottom line: Official (10-09-2023)
India will decide on implementing cryptocurrency regulations after extensive discussions with other countries, a senior official said on Sunday, virtually ruling out a ban on such assets.
Ahead of G20 leaders' summit, the IMF and the Financial Stability Board (FSB) had last week made a strong case for a coordinated global policy action to deal with risks posed by cryptocurrencies and said that there should not be any blanket ban.
The IMF-FSB recommendations laid out a "roadmap" and suggested "bare minimum" regulations that every country should have on cryptocurrencies.
If any country wants to have a more stricter regulation, it can frame a more restrictive regulation depending on the risk it sees from cryptos, the official said.
"Now G20 leaders have endorsed it and now ministers and governments will discuss it and take it forward. We expect a lot of discussion to happen on how to implement it faster, swifter and in a comprehensive manner. We have a good framework to decide our own
G20 leaders decide on swift implementation of crypto reporting framework (09-09-2023)
The G-20 leaders on Saturday decided on swift implementation of the reporting framework for crypto assets, saying a significant number of member nations want information exchange on such non-financial assets to start by 2027.
The Crypto Asset Reporting Framework (CARF) or template is being developed to make sure that such non-financial assets are not used by tax evaders to conceal their unaccounted wealth.
"We call for the swift implementation of the CryptoAsset Reporting Framework ("CARF") and amendments to the CRS. We ask the Global Forum on Transparency and Exchange of Information for Tax Purposes to identify an appropriate and coordinated timeline to commence exchanges by relevant jurisdictions," said the G20 Leaders' declaration, which was adopted by consensus.
The leaders of 20 developing and developed nations have reaffirmed the commitment to continue cooperation towards a globally fair, sustainable and modern international tax system appropriate to the needs of the 21st ...
Gold up by Rs 100, silver unchanged; yellow metal trading at Rs 60,000/10g (09-09-2023)
The price of 22-carat gold was also up by Rs 100, with the yellow metal selling at Rs 55,000
PM Modi enjoys a $3.8 trillion market moment as G20 leaders fly in (09-09-2023)
Boosted by one of the world's fastest growing economies, solid corporate earnings and an unprecedented retail investing boom, the nation's equity benchmark is also approaching an all-time high
Securities Appellate Tribunal defers Zee-Sebi matter to September 13 (08-09-2023)
The confirmatory order passed by Sebi chief Madhabi Puri Buch barred Goenka from holding any key managerial positions in the Zee group of companies
NSE to launch options on WTI Crude oil, natural gas futures contracts (08-09-2023)
The National Stock Exchange (NSE) on Friday announced that it will launch options linked to NYMEX WTI Crude Oil and Natural Gas futures contracts in its commodity derivatives segment.
This came after the exchange received approval from the markets regulator Securities and Exchange Board of India (Sebi) to launch these contracts.
The addition of options on futures contracts will further boost NSE's product offering in the overall commodity segment. These contracts are designed to provide the market participants with a more efficient way to manage their commodity risk, the exchange said in a release.
"It gives us immense pleasure to inform the market participants that NSE is planning to launch Options on NYMEX WTI Crude Oil and Natural Gas futures contracts in October 2023.
"We would like to thank all the market participants for showing their trust & confidence in the NSE WTI Crude Oil and Natural Gas Futures contracts, and we are confident that the same will continue with the ...
Water infra player EMS Ltd IPO subscribed 3.71 times on Day 1 of offer (08-09-2023)
The initial public offer of water and sewerage infra player EMS Ltd got subscribed 3.71 times on the first day of the sale on Friday, riding on huge demand from non-institutional and retail investors.
The share sale received bids for 4,00,47,140 shares against 1,07,87,431 shares on offer, as per data available with the NSE.
The category for non-institutional investors was subscribed 5.97 times while the Retail Individual Investors (RIIs) part received 4.72 times subscription. The portion for Qualified Institutional Buyers (QIBs) got subscribed 9 per cent.
The IPO had a fresh issue of up to Rs 146.24 crore and Offer for Sale up to 82,94,118 equity shares.
Price range for the offer is Rs 200-211 a share.
The company offers water and sewerage infra solutions, including laying the sewerage network to build sewerage and water treatment plants in Uttar Pradesh, Bihar, Uttarakhand and Rajasthan.
EMS Ltd on Thursday said it has raised Rs 96.37 crore from anchor investors.
Proceeds from
Hospital chain Jupiter Life IPO subscribed 63.72 times on last day of offer (08-09-2023)
The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 63.72 times on the last day of subscription on Friday, helped by huge demand from institutional buyers.
The public issue received bids for 54,14,60,120 shares against 84,97,169 shares on offer, according to NSE data.
The portion for qualified institutional buyers (QIBs) received 187.32 times subscription, while the quota for non-institutional investors got subscribed 34.75 times and that of Retail Individual Investors (RIIs) was subscribed 7.73 times.
The IPO had a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares.
The initial public offering had a price range of Rs 695-735 a share.
Jupiter Life Line Hospitals on Tuesday said it has raised Rs 261 crore from anchor investors.
Proceeds of the fresh issue will be utilised to retire debt and for general corporate purposes.
The hospital chain operates in Thane,