Stock Market Today: Bikaji Foods has announced a strategic investment of Rs 131.01 crore for a 53.02 per cent stake in Hazelnut Factory Food Products
Posts in category Business Standard
Market Today: Infy, Axis Bank Q2 results; Dow at record; Hyundai India IPO (17-10-2024)
At 6:30 AM, GIFT Nifty Futures were trading about 14 points higher at 25,069, suggesting a flat to positive start for Indian markets.
Ajit Mishra of Religare Broking recommends buying these three stocks today (17-10-2024)
The markets continued their downward trend, losing nearly half a percent as part of the ongoing correction.
Nifty Auto, Energy indices: Buy on dips suggested; check key levels here (17-10-2024)
The Nifty Auto Index is currently positioned at a key juncture on the charts, presenting an opportunity for traders to buy on dips.
Sebi considers allowing Associations of Persons to open demat accounts (16-10-2024)
Markets regulator Sebi on Wednesday proposed allowing Associations of Persons (AOPs) to open demat accounts in their name to hold certain securities, excluding equity shares.
The proposal if implemented would promote ease of doing business and encourage the shift from physical to electronic holdings of securities.
In its consultation paper, Sebi has proposed amending its rules to allow AOPs to open demat accounts in their names. These accounts would enable AOPs to hold securities, excluding equity shares, directly.
The AOP would need to provide its PAN details when opening the account and confirm that only permitted securities are held, ensuring the account is not used for equity shares.
The Securities and Exchange Board of India (Sebi) has sought public comments on the proposal by November 5.
The proposal came after Sebi received suggestions to allow partnership firms, AOPs, and unregistered trusts to open demat accounts in their own name, instead of only in the names of their ..
Sebi to auction Rose Valley’s 27 properties worth Rs 63.26 cr on Nov 25 (16-10-2024)
Capital markets regulator Sebi on Wednesday said it will auction 27 properties of Rose Valley group of companies on November 25 at a reserve price of Rs 63.26 crore in a bid to recover money raised by the firm from the public through illicit schemes.
The properties to go under the hammer include flats, buildings, land parcels and hotels located in West Bengal and Bihar, the Securities and Exchange Board of India (Sebi) said in a notice.
The e-auction will be conducted on November 25 between 11 am to 1 pm. The total reserve price of these properties is pegged at Rs 63.26 crore, it added.
The markets regulator said it has engaged Quikr Realty to assist it in sale of the properties of Rose Valley while C1 India has been appointed as the e-auction service provider.
A committee would oversee sale of the assets and the money will be utilised for repaying the investors. The committee was formed following an order passed by Calcutta High Court in May 2015.
Going by the notice, bidders may
Sebi issues show-cause notice to NSDL over non-compliance related matters (16-10-2024)
At present, NSE holds a 24 per cent share in NSDL, while IDBI is the largest shareholder with a 26 per cent stake
Morgan Stanley buys 0.57% shares of Titagarh Rail Systems via block deal (16-10-2024)
Investment banking firm Morgan Stanley on Wednesday bought shares of Titagarh Rail Systems for over Rs 85 crore through an open market transaction.
New York-headquartered Morgan Stanley, through its affiliate Morgan Stanley Asia Singapore, purchased 7,63,738 shares or 0.57 per cent stake in Kolkata-based Titagarh Rail Systems, as per the bulk deal data available on the NSE.
The shares were acquired at an average price of Rs 1,120 apiece, taking the transaction value to Rs 85.54 crore.
Meanwhile, through its arm SmallCap World Fund Inc, Capital group sold more than 7.90 lakh shares of mobility solution provider Titagarh Rail Systems at an average price of Rs 1,120.12 apiece, as per the data on the National Stock Exchange (NSE).
This took the deal value to Rs 88.60 crore.
On Wednesday, shares of Titagarh Rail Systems slipped 1.36 per cent to close at Rs 1,131 per piece on the NSE.
Sebi introduces liquidity window facility for investors in debt securities (16-10-2024)
Sebi on Wednesday introduced a liquidity window facility for investors in the debt securities through a stock exchange mechanism.
The liquidity window facility allows investors holding listed debt securities to sell them back to the issuer using a put option on specific dates, ensuring liquidity.
This facility, available from November 1, will be of immense utility to investors, especially retail investors, and can serve to enhance their investment in such debt securities, Sebi said in a circular.
The regulator observed that corporate bonds are seen as illiquid because many institutional investors hold them until maturity, leading to low trading activity. To improve liquidity, especially for retail investors, Sebi introduced a framework where issuers can offer liquidity window facility.
Under this, issuers can choose whether to offer this facility for debt securities at the time of issuance. It applies to new issuances of debt securities, either through public offers or private …
Airtel partners with Vonage to launch Airtel IQ Business Connect (16-10-2024)
Airtel Business, the B2B arm of Bharti Airtel, and Vonage, a global leader in cloud communications that helps businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), have partnered to launch Airtel IQ Business Connect – a device-agnostic, unified business communications application that will help enterprises in India to simplify their customer engagement.