Posts in category Business Standard
Sebi reduces turnover requirement for agri commodity options to Rs 100 cr (27-05-2024)
Capital markets regulator Sebi on Monday lowered the required average daily turnover for launching options on agricultural and agri-processed commodities to Rs 100 crore from Rs 200 crore earlier.
This change will take effect from June 1, Sebi said.
The decision has been taken keeping into account representations received from market participants and deliberations by Sebi's Commodity Derivatives Advisory Committee (CDAC).
"It is decided that for launching options contracts on agricultural and agri-processed commodities, the average daily turnover of underlying futures contracts of the corresponding commodity during the previous twelve months shall be Rs 100 crore instead of existing Rs 200 crore," Sebi said in a circular.
With regards to eligibility criteria for launching options on commodity futures, Sebi said that options can be traded on a stock exchange only if the underlying commodity futures meet certain criteria.
For agricultural and agri-processed commodities, the average
Sebi issues SOP for handling of commodity derivatives exchange outage (27-05-2024)
Sebi on Monday came out with a standard operating procedure (SOP) asking stock exchanges having commodity derivatives segment to inform about trading disruptions within 15 minutes of such occurrences and extending the trading time by 30 minutes in certain outage conditions.
Stock exchange outage means stoppage of continuous trading, either suo moto by exchange or by virtue of reasons beyond control of stock exchange.
If an outage occurs on one exchange, market hours will remain unchanged on unaffected exchange, Sebi said in a circular.
Under the SOP, the stock exchange that suffered the outage will have to intimate Sebi immediately after the occurrence of the outage, while the bourse has to inform market participants and trading members within 15 minutes from the occurrence of an outage through broadcast message and by publishing on its website.
Further, the affected stock exchange would update about the ongoing outage in the time intervals of 45 minutes from the initial intimation
Investors subscribe Awfis Space Solutions IPO 108.17 times the offer size (27-05-2024)
The initial public offer of co-working space operator Awfis Space Solutions got subscribed a whopping 108.17 times on the closing day of subscription on Monday, amid heavy participation from institutional investors.
The Rs 599 crore initial share sale received bids for 93,34,36,374 shares against 86,29,670 shares on offer, according to data available with the NSE.
The portion for non-institutional investors fetched 129.27 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 116.95 times. The quota for Retail Individual Investors (RIIs) attracted 53.23 times subscription.
The initial public offer (IPO) of fresh issue of up to Rs 128 crore and offer for sale of up to 1,22,95,699 equity shares began for bidding on Wednesday.
The price range for the IPO is Rs 364-383 per share.
The IPO of Awfis Space Solutions was fully subscribed on the first day of bidding on Wednesday.
Awfis Space Solutions Ltd on Tuesday said it has mopped up a little ove
BSE rejigs indices: Wipro exits Sensex, Canara Bank makes multiple entries (27-05-2024)
Notably, IT major Wipro will be dropped from the Sensex, while Adani Ports and Special Economic Zone will be added.
NSE’s tick size reduction will boost trading volumes, say stock brokers (27-05-2024)
The stock exchange said that it will review the tick size on a monthly basis
Radico Khaitan’s Morpheus Brandy records sales of 1 million cases (27-05-2024)
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Board of Adani Energy Solutions approves fund raising up to Rs 12,500 crore (27-05-2024)
At meeting held on 27 May 2024
Asian Paints International acquires further stake in SCIB Chemicals S.A.E., Egypt (27-05-2024)
Asian Paints International (APIPL), Singapore, a wholly-owned subsidiary of Asian Paints, entered into a Share Purchase Agreement with certain minority shareholders of SCIB Chemicals S.A.E., Egypt (SCIB), a subsidiary of APIPL and SCIB for the acquisition of 24.3% of the share capital of SCIB for a consideration of USD 4.13 Mn (~Rs 34.42 crore) on 26 May 2024.
Profit taking trips up benchmarks as investors eye polls (27-05-2024)
Domestic equity benchmarks surged to new highs today, mirroring global optimism, but a late-day sell-off erased all gains. The Nifty 50 settled below the 22,950 mark after hitting the day's high of 22,110.80 in early afternoon trade. Analysts point to profit-taking ahead of next week's election results. Despite the wobble, the market remains near record highs, suggesting underlying strength. Another positive sign is the decline in FII selling.
Rita Finance and Leasing reports standalone net loss of Rs 0.17 crore in the March 2024 quarter (27-05-2024)
Sales decline 87.50% to Rs 0.02 crore