Posts in category Business Standard
Sebi asks clearing corporations to diversify their bank exposure (30-05-2024)
Regulator also tweaks norms on collateral and liquid assets
NSE Indices launches India’s first EV index to facilitate ecosystem (30-05-2024)
NSE Indices Ltd, a subsidiary of the National Stock Exchange, on Thursday launched the EV and new-age automotive index to track the performance of companies which form a part of the EV ecosystem.
This would be the country's first ever electric vehicle (EV) index.
"The launch of the Nifty EV and new-age automotive index will facilitate creation of products which will create opportunity for asset managers to invest in the electric vehicle and new-age automotive market thereby providing an investment vehicle to investors," NSE Indices said in a statement.
The government has always been at the forefront of framing policies related to EV adoption so that EVs with the latest technology can be manufactured in the country and attract investments by global EV manufacturers, thereby giving a boost to the Make in India initiative.
The base date for the new thematic index is April 2, 2018, and the base value is 1,000. The index will be reconstituted semi-annually and rebalanced on a quarterly
Market regulator Sebi issues guidelines on settlement penalties (30-05-2024)
Under the norms, entities can settle a matter by paying an amount, usually decided by a committee of Sebi
Sebi tweaks framework for clearing firms on liquid assets as collateral (30-05-2024)
Capital markets regulator Sebi has tweaked guidelines for accepting liquid assets as collateral by clearing corporations (CCs) and put in place prudential norms for exposure of such entities in a bid to strengthen the risk management framework.
Clearing corporations accept liquid assets with applicable haircuts to meet the requirements for initial margins and mark to market losses among others.
In its circular, the regulator said that units of growth plan of overnight mutual fund schemes would be accepted as cash equivalent by CCs with a haircut of 5 percent and for other plans of overnight mutual fund schemes, the hair cut of 10 percent would continue to be applicable.
Overnight mutual funds invest only in overnight securities having maturity of one day.
Further, equity shares with impact cost of up to 0.1 percent for an order value of Rs 1 lakh and traded for 99 percent of days over the period of previous six months would be accepted as part of other liquid assets, it said.
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Board of Gloster approves voluntary delisting from Calcutta Stock Exchange (30-05-2024)
At meeting held on 30 May 2024
Board of Orient Electric approves change in director (30-05-2024)
At meeting held on 30 May 2024
Southwest Monsoon has set in over Kerala (30-05-2024)
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Board of IndusInd Bank appoints director (30-05-2024)
At meeting held on 30 May 2024
Tradewell Holdings reports standalone net profit of Rs 2.30 crore in the March 2024 quarter (30-05-2024)
Sales rise 9950.00% to Rs 26.13 crore