Posts in category Business Standard
Sebi allows MFs to invest in repo transactions on commercial papers (08-06-2023)
In a bid to boost growth of the corporate bond market, regulator Sebi on Thursday allowed mutual funds to invest in repo transactions in securities such as Commercial Papers and Certificate of Deposits.
In addition, the capital markets regulator said that mutual funds can participate in repo transactions only in "AA" and above rated corporate debt securities, according to a circular.
In repo transactions, also known as a repo or sale repurchase agreement, securities are sold with the seller agreeing to buy them back at a later date. The instrument is used for raising short-term capital.
For the purpose of consideration of credit rating of exposure on repo transactions for various purposes, including for potential risk class matrix, liquidity ratios and risk-o-meter, Sebi said the same will be as that of the underlying securities on a look-through basis.
With regards to transactions where settlement is guaranteed by a clearing corporation, the exposure will not be considered for the
Sebi to digitise investor service requests, complaints by RTAs processing (08-06-2023)
Capital markets regulator Sebi on Thursday decided to provide a mechanism for processing of investors' service requests and complaints through online mode by RTAs and thereafter track the status as well as obtain periodical updates.
Looking to digitise the process in two phases, Sebi said that the mechanism would provide benefits such as a database for service requests and complaints, online acknowledgement and intimation to the investor and online tracking of status of service requests and complaints by investors.
At present, holders of physical security certificates are required to submit various documents to the registrars to an issue and share transfer agents (RTAs) with respect to various service requests such as issuance of duplicate security certificates, folio consolidation and services through depository participants such as dematerialisation and rematerialisation.
In the first phase, Sebi said that all RTAs servicing listed companies will have a functional website. Such a
MSP increase to impact CPI inflation by 10-12 basis points, says RBI (08-06-2023)
'Banks have been cautious. I think there is still some amount of liquidity sitting there', said Das
Market snaps four-day winning streak ahead of RBI MPC announcement (08-06-2023)
The blue-chip Nifty 50 index closed 0.49% lower at 18,634.55, while the benchmark S&P BSE Sensex fell 0.47% to 62,848.64
RBI warns tech firms against unauthorised trading platforms on app stores (08-06-2023)
Updated central bank alert list names 56 entities prohibited from dealing in foreign exchange
Apollo Pipes soars 6% to hit new high on healthy outlook; up 42% in 2023 (08-06-2023)
CRISIL Ratings expects APL's revenue to grow by 11-12 per cent in the current fiscal 2024 supported by healthy demand, with Ebitda margin improving to 10-12 per cent
Paytm rallies 8% to hit over 9-month high on BofA Securities ‘buy’ call (08-06-2023)
The brokerage firm BofA Securities upgraded the stock to 'Buy' on the back of strong revenue momentum and operational leverage, which can surprise on consensus estimates.
Aether Inds soars 10% on inking pact with US-based Oil Field Services firm (08-06-2023)
The company executed Letter of Intent (LoI) with USA based leading global Oil Field Services Company for strategic supplier and contract manufacturing partnership.
Indian shares rise after RBI keeps repo rate unchanged at 6.5% in MPC meet (08-06-2023)
The Indian rupee remained mostly unchanged after the policy decision, while the benchmark 10-year bond yield rose to 7.01%
Rate sensitive shares trade mixed after RBI keeps repo unchanged at 6.5% (08-06-2023)
The Nifty Bank, Nifty Financial, Nifty Private and Nifty PSU Bank indices were up 0.35 - 0.51 per cent, while Nifty Realty and Nifty Auto indices were down 0.10 - 41 per cent .