Posts in category Business Standard
SVB still seeing outflows after first citizens takeover, FT says (23-04-2023)
First Citizens' stock has risen more than 77% since the takeover, with its price hitting a record last week
Global IPO market shows signs of life even as recession fears persist (23-04-2023)
The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia
Global IPO market shows signs of life even as recession fears persist (23-04-2023)
The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia
Gold unchanged at Rs 61,150, silver price declines Rs 700 to Rs 76,900 (22-04-2023)
The price of 10 grams of 22-carat remained unchanged at Rs 56,050
Sebi plans to allow mutual funds with performance-based fees: Report (22-04-2023)
If introduced, India would be one of a handful of major markets to introduce performance-linked fees for mutual funds
Closer look at Bitcoin’s rally suggests the depth of demand is deceptive (21-04-2023)
Since Binance stopped its zero-fee trading program, there's been a sharp drop-off in daily Bitcoin volume, Medalie said. Current trends are about half what they were prior to the halt
Sebi approves transfer of controlling stake of HDFC AMC to HDFC Bank (21-04-2023)
HDFC Ltd on Friday said market regulator Securities and Exchange Board of India (Sebi) has approved the proposed change of controlling stake in HDFC AMC to HDFC Bank as part of the scheme of amalgamation.
Sebi through its letter dated April 21, 2023, to HDFC Asset Management Company Limited (HDFC AMC), a subsidiary of HDFC Limited and the asset management company of HDFC Mutual Fund (HDFC MF), has granted its approval for the proposed change in control of HDFC AMC, HDFC Ltd said in a regulatory filing.
The regulator has also advised HDFC AMC to ensure compliance with all other provisions of Sebi (Mutual Funds) Regulations, 1996, and circulars, it added.
This approval will help pave the way for the merger of HDFC into HDFC Bank, expected to be finalised by the third quarter of the next financial year.
Termed as the biggest transaction in India's corporate history, HDFC Bank on April 4 last year agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40
Big tech earnings to offer reality check to investors over AI hype (21-04-2023)
Earnings misses on already revised-down estimates could threaten stock prices even as any guidance updates are scrutinized by the market
Finance, auto stocks FPIs’ favourites in the first two weeks of FY24 (21-04-2023)
FPIs sold oil and gas shares worth Rs 564 crore, and realty shares worth Rs 278 crore
IT stocks drag indices to first weekly decline in nearly a month (21-04-2023)
Disappointed results for Infosys and TCS this week dampened the mood