Posts in category Business Standard
Buy Nifty Financial near these levels to gain from a likely bullish upmove (15-11-2023)
Nifty Financial Services Index presents a bullish outlook, and traders are advised to closely monitor the resistance levels for potential breakout opportunities, said Ravi Nathani
Sebi resolves over 3,500 complaints against companies via SCORES in Oct (14-11-2023)
Sebi has disposed of 3,533 complaints against companies and market intermediaries through its online grievance redressal system SCORES in October, according to the data released by the capital markets regulator.
As many as 16 complaints were pending for more than three months on SCORES as of October-end, involving 12 entities such as SBI Mutual Fund, UTI Mutual Fund, JSW Steel Ltd, Waree Renewable Technologies Ltd, Sundaram Mutual Fund and Tirupati Fincorp Ltd.
At the beginning of October, there were 5,259 complaints pending and 3,369 fresh complaints were received, as per the data released by market watchdog Sebi on Monday.
The regulator said it had 5,083 pending actionable complaints as of October-end, excluding 12 complaints that were under regulatory actions or legal proceedings.
Further, Sebi noted that it had received 159 reviews of complaints. A complainant can request a review within 15 days after the disposal of their complaint.
These complaints, which were disposed of du
Egypt to explore possibility of tapping Indian financial markets: Report (14-11-2023)
Egypt, facing a severe foreign currency shortage, has been struggling to attract foreign investment
Tata Tech IPO opens Nov 22, first share sale by group firm in 2 decades (14-11-2023)
Selling shareholders include Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund
Tata Technologies’ IPO set to open for subscription on November 22 (14-11-2023)
Tata Technologies, which provides engineering and product development digital services, said its IPO would comprise an offer for sale of 60.9 million shares, representing 15% of its paid-up capital
Gold, silver prices fall, yellow metal trading at Rs 60,490 per 10g (14-11-2023)
The price of 22-carat gold also witnessed a decline of Rs 90, with the yellow metal selling at Rs 55,450
Traders excited and worried as stock options trading booms in India (13-11-2023)
Data from exchanges, which are big winners of this surge in demand, shows the daily average value of assets underlying these stock options more than doubled between March and October to $4.2 trillion
Domestic mutual funds load up Rs 1,000 cr on large private banks in October (13-11-2023)
In October, the benchmark Nifty50 index fell 2.8 per cent, the most since December 2023, while the Nifty Midcap 100 index declined 4.1 per cent, the most since June 2022
6 states, 1 UT raise Rs 12,500 cr at bond auction, 16% more than indicated (13-11-2023)
The union territory of Jammu and Kashmir (J&K) raised Rs 1,100 crore by issuing paper with the longest tenure of 30 years
Federal Bank’s arm Fedfina, Ireda get nod from Sebi to float IPOs (13-11-2023)
Four firms -- Fedbank Financial Services, Indian Renewable Energy Development Agency, EPACK Durable and Suraj Estate Developers -- have received capital markets regulator Sebi's approval to raise funds through initial public offerings (IPO).
These companies, which filed preliminary IPO papers with Sebi between July and September, obtained the watchdog's observation letters between October 30 and November 10, an update with the regulator showed on Monday.
In Sebi's parlance, its observations mean its nod to float the IPO.
Going by the draft papers, the IPO of Fedbank Financial Services Ltd (Fedfina) consists of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of 7.03 crore equity shares by promoter Federal Bank and existing shareholder True North Fund VI LLP.
Under the OFS, Federal Bank will offload 1.65 crore shares, and True North Fund VI LLP will divest 5.38 crore shares.
Fedfina proposes to utilise the net proceeds from the fresh issue .