Posts in category Business Standard
Sebi looking to ease fundraising for NPO firms on social stock exchanges (29-08-2023)
Taking a step to ease the fundraising by not-for-profit organisations, capital markets regulator Sebi on Tuesday proposed flexibility in the regulatory framework for social stock exchanges.
Under the proposal, the regulator has suggested reducing the threshold of the minimum issue size as well as application size for not-for-profit organisations (NPOs).
Additionally, it has suggested abolishing the requirement of no pending notice or ongoing scrutiny by Income Tax against NPOs for registration on social stock exchanges (SSEs) and substituting the term social auditor with social impact assessor.
Further, NPOs should be permitted to provide past social impact but not strictly as per the format specified by Sebi in their fundraising document, according to a consultation paper.
The proposals are aimed at facilitating fundraising by NPOs.
A not-for-profit organisation (NPO) is required to be registered with the SSE to raise funds. At present, 31 NPOs have been registered in this segmen
India’s outward FDI rises to $1.85 bn in July 2023, shows RBI data (29-08-2023)
The debt commitment rose to $ 605 million in July 2023 from $ 255 million in June
Stock of this smallcap iron & steel company has zoomed 225% in 2 months (29-08-2023)
Thus far in the month of August, shares of Jai Balaji Industries have rallied 58 per cent
BEML rallies 10% on strong order book position; zooms 94% in 5 months (29-08-2023)
On August 7, BEML secured Letter of Acceptance from Bangalore Metro Rail Corporation (BMRC) for supply of Rolling stock contract 5RS-DM valued at approximately Rs 3,177 crore
Vodafone Idea hits 10-month high on heavy volumes; gains 24% in six days (29-08-2023)
Last week, Care Ratings reaffirmed its rating and revised the outlook assigned to the long term bank facilities and non-convertible debentures of Vodafone Idea from 'Positive' to 'Stable'.
APL Apollo Tubes slips 3% on heavy volume amid promoter stake sale buzz (29-08-2023)
According to reports, the promoter was to sell stake close to 1 per cent stake via block deals.
Bharat Forge hits 52-week high as arm secures contract worth Rs 287.5 crore (29-08-2023)
Last week, Kalyani Strategic Systems bagged two export orders aggregating to EURO 93.87 million (around Rs 850 crore) from friendly countries for supply of components and armoured vehicle chassis
SJVN hits new high, up 5% on securing new orders (29-08-2023)
The stock has rallied over 90 per cent so far in FY24 on the back of strong order inflows.
SJVN hits new high, up 5% on securing new orders (29-08-2023)
The stock has rallied over 90 per cent so far in FY24 on the back of strong order inflows.
PG Electroplast soars 14% as Rs 500 cr QIP issue opens (29-08-2023)
The consumer electronics proposed to raise around Rs 500 crore through QIP, fixed the floor price of Rs 1641.09 per equity share for the issue.