Stocks to Watch: MSCI has started a free float review of Adani Group securities and it believes certain Investors should no longer be designated as free float
Posts in category Business Standard
Sebi proposes bondholders’ nod for related party transactions for companies (09-02-2023)
The norms will be applicable to only listed non-convertible debt securities, according to SEBI
Sebi proposes bondholders’ nod for related party transactions for companies (09-02-2023)
The norms will be applicable to only listed non-convertible debt securities, according to SEBI
NSE Q3 net profit rises 55% to Rs 1,826 cr; revenue up 35% to Rs 3,263 cr (08-02-2023)
The stellar growth was despite a 20 per cent year-on-year fall in cash market volumes during the 9MFY23
Markets gain on dovish comments by US Fed chairman; Sensex rise 378 points (08-02-2023)
Bank Nifty underperforms after RBI raises hikes rate by 25bps
Aditya Birla Group announces entry into premium casual dining space (08-02-2023)
The Aditya Birla Group on Wednesday said it has entered into the premium casual dining space, a fast-growing segment in the organised food services market.
The group’s hospitality arm housed under Aditya Birla New Age (ABNA) has collaborated with India’s well-known chef restaurateur Rahul Akerkar and will build premium casual dining restaurant chains across India.
ABNA, promoted by Aryaman Vikram Birla, son of Chairman Aditya Vikram Birla, aspires to create a preferred house of F&B brands in India under its umbrella.
“High disposable income among the rising middle class in India, and the expansion of the urban cosmopolitan lifestyle is driving the boom in dining out behaviour. Therefore, the demand for premium casual dining restaurants (PCDR) is expected to increase across India as consumers seek new dining experiences,” Aditya Birla Management Corporation director and ABNA Founder Aryaman Vikram Birla said.
Akerkar is a chef restaurateur entrepreneurs and joined ABNA’s …
Sebi allows 39 entities to use e-KYC Aadhaar authentication services in mkt (08-02-2023)
Capital markets regulator Sebi on Wednesday came out with a list of 39 entities, including Nirmal Bang Securities, NJ Indiainvest and Muthoot Securities, that can use e-KYC Aadhaar authentication services in the securities market as sub-KYC user agency.
This came after Sebi in May 2020 listed eight entities including BSE that can undertake Aadhaar Authentication service of UIDAI as KYC user agency (KUA) in the securities market. Further, a KUA can permit Sebi-registered intermediaries to undertake Aadhaar Authentication of their clients as sub-KUA for the purpose of KYC (Know Your Client).
Other entities listed by the regulator include Indbank Merchant Banking Services, Orbis Financial Corporation, Indo Money Securities, HSB Securities and Equities, Flourish Fincap and Vogue Commercial Company.
“The above mentioned entities shall enter into an agreement with a KUA and get themselves registered with UIDAI ( Unique Identification Authority of India) as sub-KUAs. The agreement in this
Sebi amends rules governing mode of payment by market intermediaries (08-02-2023)
Sebi has notified rules asking all market intermediaries and companies to make regulatory payments to it by way of direct credit into the bank account through digital payment systems.
Under the rules, market intermediaries and companies are required to pay various fees to the Securities and Exchange Board of India (Sebi).
In a notification, Sebi said that the fee can be paid to the regulator by way of direct credit into the bank account through digital payment systems — NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Mobile Payment Service) — or online payment using the Sebi Payment Gateway.
To give these effects, the regulator has notified Sebi (Payment of Fees and Mode of Pay). The amendment has been brought into various regulations with respect to fees to be paid to Sebi.
Last month, the market regulator clarified that all payment mechanisms provided by banks and payment aggregators authorised by the Reserve Bank of India (RBI)
Domestic shareholding NSE-listed firms hits fresh record high of 24.44% (08-02-2023)
Shareholding of retail investors fell 11 basis points quarter-on-quarter to 7.23%, while that of high networth individuals (HNIs) also declined 1 bp to 1.89%
Sebi considering easing of RPT norms for high-value debt listed entities (08-02-2023)
In a discussion paper, Sebi has proposed that only HVDLEs having 90 per cent or more related party shareholders will have to send notice to debenture holders holding listed NCDs