Continuous foreign fund outflows added to the selling pressure, market participants said.
Posts in category Business Standard
Indian markets looking better in 2023: Franklin Templeton’s Radhakrishnan (05-01-2023)
In an interview to Bloomberg television, he also said that valuations have become more moderate, allowing for more reasonable return possibilities for 2023
Profit-booking takes some sheen off gold; commodity hits all-time high (05-01-2023)
The yellow metal had closed at Rs 56,195 per 10 gram in the previous trade. Silver also plummeted Rs 1,475 to Rs 69,286 per kilogram
Sebi extends relaxation on dispatching hard copies of financial statements (05-01-2023)
Sebi’s extension comes after Ministry of Corporate Affairs has also provided similar relaxations to companies dispatching physical copies of financial statements
Sebi permits govt to reclassify stake in IDBI Bank as public holding (05-01-2023)
But govt must ensure its voting rights in bank don’t exceed 15% after sale
Sebi issues debt broker license to Zerodha-backed GoldenPi Technologies (05-01-2023)
The Securities and Exchange Board of India (Sebi) has issued a debt broker license to Bengaluru-based fintech firm GoldenPi Technologies.
With the development, GoldenPi became the first online bond platform provider to receive a debt brokerage license from Sebi.
Last year, the regulator introduced regulations for online debt trading platforms which stated that no company or individual shall act as an online bond platform provider without the certificate of registration as a stock broker under the SEBI Regulations, 2021.
The awarding of the license by Sebi to GoldenPi is expected to work as a catalyst for greater investor trust in the online bonds and debentures investment space, the company said in a release.
“We are extremely delighted to have received the license and are confident that this would incentivise more investors to invest in the debt market with utmost trust,” said Abhijit Roy, CEO and co-founder, GoldenPi.
Incorporated in 2017, the Zerodha-backed company currently of
Gold slips from near 7-month peak as caution sets in before US jobs data (05-01-2023)
Market focus now turns to the ADP National Employment Report due at 1315 GMT, followed by the U.S. Labor Department’s nonfarm payrolls (NFP) data on Friday
Sundararaman Ramamurthy takes charge as managing director, CEO of BSE (05-01-2023)
Sundararaman Ramamurthy has assumed charge as Managing Director and Chief Executive Officer of leading stock exchange BSE.
In a regulatory filing last year, BSE said that markets regulator Sebi has approved the appointment of Ramamurthy as its Managing Director & Chief Executive Officer.
“Sundararaman Ramamurthy has assumed charge as Managing Director and Chief Executive Officer of BSE,” the exchange said in a release on Wednesday.
The appointment is subject to acceptance of the offer made to Ramamurthy and fulfillment of terms and conditions, it added.
The appointment comes after BSE’s erstwhile MD & CEO Ashishkumar Chauhan resigned from the bourse in July 2022 and moved to NSE.
Ramamurthy has previously served as the senior member of the National Stock Exchange (NSE) since its inception. However, after serving this role, he took up the position of MD and Chief Operating Officer at the Indian arm of Bank of America.
He has also worked at the Industrial Development Bank of …
Here’s why Sensex crashed over 1,200 points in two days (05-01-2023)
Key indices the S&P BSE Sensex crashed over 1,200 points in two days to hit Thursday’s low of 60,049 levels, whereas the Nifty50 tumbled over 300 points to hit day’s low of 17,892 levels
Stock price of this SME company has zoomed 311% against its issue price (05-01-2023)
Shares of PNGS Gargi Fashion Jewellery were locked in upper circuit for the 12th straight trading session, and have more-than-doubled in the same period.