Posts in category Business Standard
Stocks to Watch, Aug 30: Zee Ent, Zomato, Suzlon, Lupin, Airtel, Unichem (30-08-2023)
Stocks to Watch today, August 30, 2023: Billionaire Sunil Mittal's backed telecom services provider Airtel Uganda Ltd plans to raise $216 million in an initial public offering (IPO)
Oil rises as dollar falls, US braces for Hurricane Idalia impact on energy (30-08-2023)
U.S. West Texas Intermediate futures rose $1.07, or 1.3%, to $81.17 a barrel by 1:42 p.m. EDT [1742 GMT], while Brent crude futures were up by 98 cents, or 1.2%, to $85.40 a barrel
Sensex, Nifty end in the green for 3rd day; all but banking stocks rally (30-08-2023)
Closing Bell on August 30, 2023: SBI, ICICI Bank, HDFC Bank, Bajaj Finance, IndusInd Bank, NTPC, Kotak Bank, and Bajaj Finserv fell up to 1.4 per cent
Nifty awaits range breakout; Buy IRCTC, India Glycol: HDFC Securities (30-08-2023)
On the broader market outlook, Vinay Rajani the technical & derivative analyst says the breadth of the market is very strong as more than 83% of the NSE500 stocks are above their 200-DMAs.
Nifty FMCG, Metal: Guide to plan your trading strategy (30-08-2023)
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index seems range-bound, while the Metal index looks bullish.
Sebi slaps Rs 45 lakh penalties on 9 entities for non-genuine trades (29-08-2023)
Capital market regulator Sebi on Tuesday levied penalties totalling Rs 45 lakh on nine entities for indulging in non-genuine trades in the illiquid stock options segment on BSE.
In nine separate orders, the regulator imposed a fine of Rs 5 lakh each on Vivek Company, Soundlight Projects, S R Realbuild, Srijan Dealers, Manomay Dealmark, Zodiac Vanijya, VKJ Trexim, Hans Homes and Guruteg Bahadur Rice Mill.
The orders came after Sebi observed large-scale reversal trades in the illiquid stock options segment on BSE, leading to artificial volumes on the exchange.
Thereafter, it conducted an investigation into the trading activities of certain entities engaged in the segment from April 2014 to September 2015.
The nine entities fined on Tuesday were among those who indulged in the execution of reversal trades.
Reversal trades are alleged to be non-genuine in nature as they are executed in the normal course of trading, which leads to a false or misleading appearance of trading in terms of
Metal, power stocks help indices gain; Jio Financial stock rises 5% (29-08-2023)
Rising for a second straight day, the BSE Sensex rose by 79.22 points or 0.12 per cent to settle at 65,075.82, tracking firm global markets
TPG Capital-backed wires manufacturer RR Kabel gets Sebi approval for IPO (29-08-2023)
TPG Capital-backed wires and cables manufacturer RR Kabel Ltd has received capital markets regulator Sebi's go-ahead to raise funds through an Initial Public Offering (IPO).
The IPO comprises a fresh issue of equity shares aggregating up to Rs 225 crore and an Offer For Sale (OFS) of over 1.72 crore equity shares by promoters and other shareholders, according to the Draft Red Herring Prospectus (DRHP).
The company, which filed draft IPO papers with the regulator in May, obtained its observations letter on August 24, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
In Sebi's parlance, obtaining its observation letter means its clearance to float the public issue.
According to the draft papers, Mahendrakumar Rameshwarlal Kabra, Hemant Mahendrakumar Kabra, Sumeet Mahendrakumar Kabra, Kabel Buildcon Solutions Pvt Ltd, and Ram Ratna Wires Ltd are selling shares in the OFS.
Apart from these, US-based private equity firm TPG Capital, which holds a 21 pe
Regulator Sebi proposes steps to boost appeal of social stock exchanges (29-08-2023)
Sebi's latest proposals are aimed at boosting the appeal of social stock exchanges
Sebi brings guidelines to boost cyber security framework for exchanges (29-08-2023)
Capital markets regulator Sebi on Tuesday came out with guidelines to strengthen the existing cyber security and cyber resilience framework for stock exchanges and other market infrastructure institutions (MIIs).
The new guidelines will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular.
"Considering the interconnectedness and interdependency of the MIIs to carry out their functions, the cyber risk of any given MII is no longer limited to the MII's owned or controlled systems, networks, and assets," Sebi said.
Accordingly, the regulator came out with guidelines to strengthen the existing framework for MIIs -- stock exchanges, clearing corporations, and repositories.
Under the guidelines, MIIs will have to maintain offline, encrypted backups of data and regularly test these backups at least every quarter to ensure confidentiality, integrity, and availability.
Further, they should explore the possibility of retaining spare ...