Posts in category Business Standard
Bias for Nifty PSU Bank, Pvt Bank indices remain bullish; here’s why (27-06-2023)
According to Ravi Nathani, an independent technical analyst, the current consolidation in Nifty Pvt Bank index is more time-based rather than price-based.
AUM of domestic passive funds tracking Nifty indices tops Rs 5-trn mark (26-06-2023)
As of May 31, 2023, there are 251 passive funds tracking 101 unique Nifty indices
SmallCap World Fund offloads Aavas Financiers’ shares for Rs 111 crore (26-06-2023)
SmallCap World Fund on Monday offloaded shares of financial services company Aavas Financiers for nearly Rs 111 crore through an open market transaction.
According to the bulk deal data available with the National Stock Exchange (NSE), SmallCap World Fund Inc sold more than 7.70 lakh shares, nearly 1 per cent stake in Aavas Financiers.
The shares were disposed of at an average price of Rs 1,437.74 apiece, taking the transaction value to Rs 110.77 crore.
Meanwhile, Societe Generale acquired 3.96 lakh shares of Aavas Financiers at an average price of Rs 1,427.21 per piece, while other buyers identity is not known.
Shares of Aavas Financiers jumped 5.17 per cent to settle at Rs 1,466.10 apiece on the NSE.
In two separate open market transactions on June 14 and June 16, SmallCap World Fund Inc sold a 1.6 per cent and 0.90 per cent, respectively, for a combined deal value of Rs 269 crore.
AAVAS Financiers Ltd is primarily engaged in the business of providing housing loan to customers
SmallCap World Fund offloads Aavas Financiers’ shares for Rs 111 crore (26-06-2023)
SmallCap World Fund on Monday offloaded shares of financial services company Aavas Financiers for nearly Rs 111 crore through an open market transaction.
According to the bulk deal data available with the National Stock Exchange (NSE), SmallCap World Fund Inc sold more than 7.70 lakh shares, nearly 1 per cent stake in Aavas Financiers.
The shares were disposed of at an average price of Rs 1,437.74 apiece, taking the transaction value to Rs 110.77 crore.
Meanwhile, Societe Generale acquired 3.96 lakh shares of Aavas Financiers at an average price of Rs 1,427.21 per piece, while other buyers identity is not known.
Shares of Aavas Financiers jumped 5.17 per cent to settle at Rs 1,466.10 apiece on the NSE.
In two separate open market transactions on June 14 and June 16, SmallCap World Fund Inc sold a 1.6 per cent and 0.90 per cent, respectively, for a combined deal value of Rs 269 crore.
AAVAS Financiers Ltd is primarily engaged in the business of providing housing loan to customers
Tata Mutual Fund suspends fresh inflows into Tata small-cap fund (26-06-2023)
The fund house said that existing systematic investment plans (SIPs) and requests for new ones will continue
Tata Mutual Fund suspends fresh inflows into Tata small-cap fund (26-06-2023)
The fund house said that existing systematic investment plans (SIPs) and requests for new ones will continue
Investor Service Centres to provide certain basic facilities: Sebi (26-06-2023)
Amid technological advancements in the securities market, Sebi on Monday asked stock exchanges to provide certain basic minimum facilities to the investors at Investor Service Centres (ISCs) and upgrade the knowledge of officials of these centres.
In order to reach out to investors across India, Sebi asked stock exchanges to use the existing ISCs and open additional centres, wherever required. The ISCs can be set up either by one stock exchange or jointly by two or more exchanges, as per their mutual agreement.
The new directive would come into force from the 90th day from this Monday, while those related to knowledge upgradation will be compiled in a phased manner, the Securities and Exchange Board of India (Sebi) said in a circular.
The markets regulator, in December 1997, asked all stock exchanges to open or maintain at least one ISC for the benefit of the investors. Such centres are required to provide counselling services and provide certain basic minimum facilities to the ...
Sebi comes out with disclosure formats of governance compliance for REITs (26-06-2023)
Capital markets regulator Sebi on Monday came out with disclosure formats for compliance reports on governance and annual secretarial for emerging investment vehicles -- REITs and InvITs.
These would come into force from the financial year 2023-24 onwards, the Securities and Exchange Board of India (Sebi) said in four separate circulars.
Under the format for compliance report on governance, Sebi said infrastructure investment trusts (InvITs) and real estate infrastructure trusts (REITs) will have to disclose the name of the investment managers, the composition of the board of directors of the investment managers as well as the composition of committees, meetings of the board of directors, along with meetings of committees, on a quarterly basis.
In addition, the regulator has issued separate formats for the financial year that need to be submitted by the investment managers of InvITs and REITs.
For the governance report, such investment managers are required to submit a quarterly ..
Shares of Shree Cement decline nearly 6% amid tax survey reports (26-06-2023)
The development happened after some news reports alleged that the Kolkata-based cement manufacturer could have evaded taxes worth Rs 23,000 crore
Crypto platform Mudrex launches AI chatbot SatoshiGPT for crypto education (26-06-2023)
Mudrex has developed SatoshiGPT, an inclusive platform designed to bridge the gap in crypto knowledge