Total m-cap lowest since March 2022 after 2-day decline
Posts in category Business Standard
As market capitalisation takes a beating, Adani group slips to No. 3 (27-01-2023)
Total m-cap lowest since March 2022 after 2-day decline
Adani stock rout roils markets; Sensex falls 874 pts, Nifty ends at 17,600 (27-01-2023)
Group loses $50 bn in m-cap in two sessions; Contagion fear drags market, banking stocks
Adani stock rout roils markets; Sensex falls 874 pts, Nifty ends at 17,600 (27-01-2023)
Group loses $50 bn in m-cap in two sessions; Contagion fear drags market, banking stocks
Sebi bans 24 entities from for three years in Sulabh Engineers matter (27-01-2023)
Sebi on Friday barred 24 entities from the securities markets for three years for indulging in the manipulation of the stock price of Sulabh Engineers and Services Ltd.
The order will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in its order.
The order came after the Securities and Exchange Board of India (Sebi) conducted an investigation in the scrip of Sulabh Engineers to ascertain whether there were any violations of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms by 150 entities in the company’s stock during the period December 2011 to January 2015.
Following this, Sebi in its order in September 2020, concluded that 102 entities had violated PFUTP rules and restrained them from accessing the securities market. It also disposed of the show-cause notice against 47 other entities.
In its order, Sebi noted that the company had come out with two preferential allotments during March 2011 and March 2012. Thereafter,
Edelweiss Mutual Fund launches India’s first passive short-duration fund (27-01-2023)
This is the first passive offering in the short-duration space
Carnage in Adani group stocks shaves off Rs 24,000 cr from LIC, MF wealth (27-01-2023)
Adani group stocks have seen an overall erosion of Rs 4.18 trillion ($50 billion) of market value
PE/VC investments decline by a third to $54.2 billion in 2022: Report (27-01-2023)
Investments by private equity and venture capital funds declined by nearly a third to USD 54.2 billion in 2022, which was characterised by a ‘funding winter’ after consecutive years of surge.
Even after the decline, the year was the second best for India in terms of bets taken by such long term investors on growing Indian companies, a report by industry lobby Ivca and the consultancy firm EY said.
The investments by value were down 29 per cent as compared to USD 75.9 billion in 2021, while by volumes there was a 4.6 per cent decline at 1,211 transactions as against 1,269, the report said, adding that a sharp fall in large deals resulted in the decline.
The firm’s partner Vivek Soni said investor interest has been weighed down by inflation woes, recession fears, the rising cost of capital and elevated levels of uncertainty driven by geostrategic challenges.
He added that 99 funds dedicated to India raised USD 17.4 billion in 2022, and there is a high level of dry powder available ..
Cloud over Adani Enterprises FPO as stock dips 11-15% below offer (27-01-2023)
Offer garners just 1% subscription on opening day, with bids worth just Rs 150 cr vs Rs 14,908 cr on offer
Mutual funds adopt T+2 settlement cycle for redemption payouts (27-01-2023)
Move comes two months after Sebi mandated MFs to pay investors within three days of redemption