Multi-asset allocation funds have been the ‘flavour of the season’ in the hybrid space in financial year 2024 as fund houses have rushed to launch the product post the change in debt fund taxation
Posts in category Business Standard
UAE market cap soars as top 16 national companies hit AED 2.7 trillion (05-01-2024)
According to official figures, 16 listed companies accounted for about 74 per cent, or AED 2.709 trillion, of the total market capitalisation of the local stock markets
Mid, smallcap indices post best first five-day gains in three years (05-01-2024)
Equity markets rallied the previous year on the back of hopes of the Federal Reserve cutting interest rates by March
Institutional investors need to disclose about short sale of shares: Sebi (05-01-2024)
Markets watchdog Sebi on Friday said that institutional investors have to disclose upfront at the time of placing an order whether a proposed transaction is a short sale or not, a significant move aimed at curbing market volatility.
The Securities and Exchange Board of India (Sebi) has made certain changes with respect to norms pertaining to short selling in the market.
Short selling refers to selling a stock which the seller does not own at the time of trade. Both retail and institutional investors are permitted to short sell stocks.
Amending a circular relating to short selling issued last year, Sebi said, “the institutional investors shall disclose upfront at the time of placement of order whether the transaction is a short sale”.
However, retail investors would be permitted to make a similar disclosure by the end of the trading hours on the transaction day.
“The brokers shall be mandated to collect the details on scrip-wise short sell positions, collate the data and upload it
Market regulator Sebi reiterates framework on short selling in markets (05-01-2024)
Market and regulatory experts said that through the update, the regulator has reiterated its framework and added the ‘inadvertently missed points’
New demat additions jump 29% in 2023 amid rally in markets, shows data (05-01-2024)
Brokers are cautiously optimistic about the outlook. At the same time, some feel the earnings momentum will sustain the gains made in 2023
Investors kick off 2024 with $123 billion record cash shift, says BofA (05-01-2024)
Energy stocks saw their seventh straight week of outflows, and the largest since July 2023 of $1.0 billion. U.S. small-cap stocks recorded a weekly inflow of $2.3 billion, their fifth weekly inflow in
Global stocks set to snap 9-week winning streak on interest rate rethink (05-01-2024)
Europe’s Stoxx 600 index sank 0.9% and government bond yields in the euro zone and United States rose sharply as prices of the interest rate-sensitive debt securities fell
Mobikwik refiles draft papers as it trims IPO size down to Rs 700 cr (05-01-2024)
Earlier in 2021, it had targeted to raise Rs 1,900 cr but withdrew due to weak market conditions
IIFCL plans to launch IPO in next financial year, unlock value for govt: MD (05-01-2024)
State-owned India Infrastructure Finance Company Ltd (IIFCL) plans to go public in the next financial year, company’s Managing Director P R Jaishankar said on Friday.
“We are examining the listing…hopefully it should be done next financial year. IIFCL has come to a stage where we unlock the value for the benefit of the government,” he said on the sidelines of the company’s foundation day.
The company will very soon initiate the consultation process, he said, adding various approvals are required including from the government.
Asked about the quantum of stake dilution, he said, the decision about that would be taken after detailed discussion.
As of now, IIFCL is 100 per cent owned by Government of India.
From the performance perspective, he said the company has been consistent both on topline and bottomline parameters.
He expects the FY24 profit to cross Rs 1,500 crore.
IIFCL reported a two-fold jump in standalone net profit to Rs 1,076 crore for FY23 aided by an increase in le