The so-called price-to-earnings ratio for the stock has surged from 15 times earnings in the five years to 2021 to 214 times in the last two years, the professor wrote
Posts in category Business Standard
ED attaches Rs 936 cr as proceeds of crime, arrests 5 for crypto fraud (06-02-2023)
The enforcement directorate has attached Rs 936 crore proceeds of crime and arrested 5 five persons related to crypto currency fraud, Parliament was informed on Monday.
Further, under the Foreign Exchange Management Act, 1999 (FEMA), assets amounting to Rs 289.28 crore have been seized and one show cause notice to cryptocurrency exchange Zanmai Labs Pvt Ltd, known as WazirX, and its directors has been issued for transactions involving cryptocurrencies worth Rs 2,790 crore.
In a written reply to a question in the Lok Sabha, minister of state for finance Pankaj Chaudhary said the Enforcement Directorate is investigating several cases related to cryptocurrency frauds wherein a few crypto exchanges have also been found involved in money laundering.
“As on January 31, 2023, proceeds of crime amounting to Rs 936 crore have been attached/seized/freezed, 5 persons have been arrested and 6 prosecution complaints (PCs) including 1 supplementary PC have been filed before the Special Court, PML
Sebi asks issuers for additional disclosure in guidelines on green bonds (06-02-2023)
Capital market regulator Sebi on Monday came out with operational guidelines on green bonds asking issuers to make additional disclosure, pertaining to environmental sustainability objectives of such debt securities in the offer document.
In addition, issuers of green bonds will have to disclose brief details of decision-making process followed for determining the eligibility of projects, for which the proceeds are being raised through issuance of green debt securities, Sebi said in a circular.
Apart from disclosure in the offer document, the Securities and Exchange Board of India (Sebi) has asked the issuer, who has listed green debt securities, to provide certain additional disclosures along with its annual report and financial results.
Also, the issuer will have to appoint a third party reviewer for a green debt security for the post-issue management of the use of proceeds from the green debt security, and verification of the internal tracking and impact reporting.
Listing out .
Sebi’s daily transfer of client funds ditkat to further pinch stock brokers (06-02-2023)
The market regulator has sought public comments till February 17 on the proposals
Sebi orders bourses to release first list of ‘big brokers’ in a fortnight (06-02-2023)
The Qualified Stock Brokers, or QSBs, will be required to analyse client behaviour and trading patterns, and detect unusual activity
India drops to third spot in MSCI EM index amid rout in Adani group stocks (06-02-2023)
Red-hot Taiwanese market, Adani rout erode India’s weighting
Vodafone Idea, Indus Towers shares skyrocket on govt’s stake move (06-02-2023)
Stake issuance coupled with potential capital infusion by promoters should help Vi clear pending dues and invest in 5G; Indus Towers’ receivables set to reduce
How to move shares to another demat if you’re sore with existing broker (06-02-2023)
Business Standard brings you the lowdown on demat accounts, trading accounts and a host of other terms and instruments you will find useful while moving your holdings
Sebi proposes norm to prevent brokers from retaining clients’ funds (06-02-2023)
To curb possible misuse of investors’ money by brokers, Sebi has proposed to stop trading members and clearing members from retaining any part of client funds at the end of day and move the entire funds to the clearing corporation on the same day.
At present, when an investor places funds with a broker a portion of such money is retained by the broker, and a part by the clearing member, before passing the remaining amount to the clearing corporation.
In its consultation paper, the regulator has proposed mandating daily upstreaming of all investor funds from stock brokers and clearing members (CMs) to Clearing Corporations (CCs). Investor funds in surplus of exchange margin requirements may in turn be placed by CCs in very low-risk and liquid overnight money market instruments.
The proposal also considers independent daily confirmation to investors around their daily funds position in the securities market ecosystem.
While the proposal could reduce the float income implicitly enjoye
Adani Ports rises for second straight day; stock up 26% from Monday’s low (06-02-2023)
The stock rose even as global rating agency Standard and Poor’s (S&P) on Friday revised the outlook on Adani Ports and Adani Electricity from ‘stable’ to ‘negative’