Posts in category Business Standard
Gold, silver prices unchanged; yellow metal trading at Rs 60,160 per 10g (06-09-2023)
The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 55,150
Hold Nifty Longs with stop loss of 19,400, says HDFC Securities (06-09-2023)
At present, more than 87 per cent of stocks are trading above their 200-DMA in NSE500, which indicates strong market breadth
Stocks to Watch: Zee Entertainment, Jio Financial, NBCC, Vedanta, PowerGrid (06-09-2023)
Stocks to watch on September 6, 2023: Private lender IDBI Bank has filed an appeal against the NCLT order approving the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment
Sebi faces an uphill battle: Why ‘finfluencers’ will always find addicts (06-09-2023)
In a recently circulated consultation paper, Sebi vowed to "disrupt the revenue model" of "finfluencers" by forcing all regulated entities to cut ties with them
Stock Market LIVE: Sensex, Nifty flat; MidCap index hits fresh record high (06-09-2023)
Stock market LIVE updates on September 6, 2023: The Nifty SmallCap 100, too, advanced 0.4 per cent in trades on Wednesday
FMCG index may see pullback rally; Metal index ripe for profit booking (06-09-2023)
In the short term, the Nifty FMCG index's first target range is expected to be between 52,000 and 52,175
The great reversal: India back on FPI radar in 2023, overtaking China (05-09-2023)
Global investors bought $17.2 billion worth of shares on a net basis this year through September 1, which more than made up for their retreat in 2022
Oil goes past $90 a barrel after Saudi Arabia, Russia prolong cuts (05-09-2023)
The dual announcements from Riyadh and Moscow pushed benchmark Brent crude above $90 a barrel in trading
Sebi working on AI tool to curb misselling by mutual funds: Chairperson (05-09-2023)
Markets regulator Sebi is building an artificial intelligence tool to help detect misselling by mutual funds, its Chairperson Madhabi Puri Buch said on Tuesday.
She cited a recent incident of a 90-year-old being sold a product with a seven-year lock-in period to illustrate an instance of misselling, and said algorithms will help flag such cases.
"We are working on the question of misselling that may happen by a mutual fund distributor or an agent or by someone who is the responsibility of the mutual fund," Buch said while speaking at the fourth Global Fintech Fest here.
She admitted that this is a very complex problem requiring intelligence, and added that the algorithm being built will have the essential tools to detect misselling like flagging the case of a 90-year-old being sold the product with a long lock-in period.
At present, mutual funds submit essential data to Sebi periodically with respect to compliance with regulations. A "nil report" is considered the best, Buch said.
Sebi issues template for info sharing by CRAs to debenture trustees (05-09-2023)
Credit rating agencies will have to submit their disclosures to the debenture trustees in a specified format for easier accessibility and analysis of the data submitted by them, according to Sebi.
Under Sebi norms, credit rating agencies (CRAs) have to share certain information with Debenture Trustees (DTs).
"Due to the large quantum of information submitted daily by CRAs to DTs, as well as short timelines mandated for disclosure of this information by DTs, it is essential that the data shared by CRAs be structured and submitted in a specified format for easier accessibility and analysis of the submitted data," the regulator said in a circular on Monday.
In this regard, the Securities and Exchange Board of India (Sebi) has come out with an Excel template.
"CRAs shall use the same template for their daily submissions of rating revisions to DTs," as per the circular, which will be effective from October 1.
Further, CRAs should report on their compliance with the circular, as ratifie