The price of 22-carat gold was down by Rs 500 from yesterday’s close to Rs 53,100 per 10 grams
Posts in category Business Standard
Indian crypto exchange WazirX moves funds after Binance cuts off service (04-02-2023)
Binance said it provided Zanmai wallet services “only as a tech solution for their operations of the WazirX exchange”
Sebi proposes measures to curb mis-selling in alternate investment funds (03-02-2023)
Under the recommendations, commission to be charged on trail basis
As Adani Group plans to prepay share pledges, its US dollar bonds rally (03-02-2023)
All 15 dollar-debt securities of the group advanced on Friday, partly helped by news that Adani Ports & Special Economic Zone had made coupon payments on schedule
Sebi mulls tenure extension for AIFs to continue unliquidated investments (03-02-2023)
Pooled investment vehicles may be allowed to carry forward unliquidated investments to a fresh scheme at the end of tenure
Sensex posts its biggest single-day gain since Nov 11, rises 909 points (03-02-2023)
Adani Ent shares end 2.2% lower after recovering 50% from day’s low
Sebi allows two more avenues to hike public float at listed companies (03-02-2023)
The new methods include transfer of shares held by promoters to an ETF run by a Sebi-registered MF, exercising options and allotment of shares under ESOP programmes
RBI says banking sector remains resilient amid Adani Group’s stock rout (03-02-2023)
SBI’s Rs 27,000-crore loans to Adani backed by assets, cash flow, says chairman
Wheat prices fall over 10% in 7 days on selling of FCI stock in open market (03-02-2023)
FCI sold 0.92 million tonnes since Feb 1, netting around Rs 2,290 crore
Sebi tweaks framework on credit rating agencies, asks for detailed policy (03-02-2023)
Sebi on Friday tweaked its operational circular on credit rating agencies (CRAs), asking them to have a detailed policy by March-end in respect of non-submission of crucial information, including quarterly financial numbers, by the issuers.
Also, the detailed policy should contain methodology in respect of assessing the risk of non-availability of information from the issuers, including non-cooperative issuers and the steps to be taken under various scenarios in order to ascertain the status of non-cooperation by the issuer company.
Further, CRAs will have to follow a uniform practice of three consecutive months of non-submission of no-default statement (NDS) as a ground for considering migrating the ratings to INC (issuers not cooperating) and need to tag such ratings within 7 days of three consecutive months of non-submission of NDS.
The CRA in its judgement may migrate a rating to the INC category before the expiry of three consecutive months of non-receipt of NDS.
In its fresh