India is the third-biggest revenue generator globally for Hyundai after the U.S. and South Korea
Posts in category Business Standard
New milestone: Sensex scales 85K and Nifty tops 26K, then retreat (24-09-2024)
The 30-share Sensex peaked at 85,163 but closed slightly lower at 84,914, down 14.57 points, or 0.02 per cent, from the previous day
Gold prices hit record high over West Asia tensions, US Fed rate cut (24-09-2024)
Gold has risen 28% so far in 2024, as fears of an all-out war in the West Asia escalated
Sebi mandates UPI payment for public issue applications of debt securities (24-09-2024)
To streamline the application process for public issues of debt securities, markets regulator Sebi on Tuesday asked individual investors applying for amounts up to Rs 5 lakh through intermediaries to use only UPI to block funds.
Further, investors will continue to have the choice of availing other methods like applying through Self-Certified Syndicate Banks or the stock exchange platform for making applications, Sebi said in its circular.
These provisions will apply to public issues of debt securities starting from November 1.
The move is aimed at streamlining and aligning the process of applying in the public issue of debt securities, non-convertible redeemable preference shares, municipal debt securities and securitised debt instruments with that of the public issue of equity shares and convertibles.
“It has been decided that all individual investors applying in public issues of such securities through intermediaries (viz. syndicate members, registered stock brokers, registrar to
Sebi issues performance evaluation guidelines for market infra institutions (24-09-2024)
Markets regulator Sebi on Tuesday issued guidelines on the parameters for the performance evaluation of market infrastructure institutions (MIIs), comprising stock exchanges, clearing corporations and depositories by independent external agencies.
The guidelines are aimed at ensuring consistency and uniformity for evaluations to be done by independent external agencies.
For performance evaluation criteria, Sebi said the evaluation will be based on seven key criteria – technology resilience (40 per cent), investor education (17 per cent), regulatory compliance (15 per cent), governance practices (8 per cent) and 5 per cent each for adequacy of resources and fair access and treatment to all stakeholders and information disclosure.
MIIs are required to appoint independent external agencies to evaluate their performance every three years. The agencies need to have relevant expertise in the securities market and must receive a “No Objection Certificate” (NOC) from Sebi, the regulator sai
Swiggy gets Sebi go-ahead for IPO launch, set for stock market debut (24-09-2024)
Before Swiggy launches its IPO, it will have to place its updated draft red herring prospectus (UDRHP) in the public domain for at least 21 days
New asset class may take wing; decision likely at Sebi meeting on Sep 30 (24-09-2024)
Board meeting on Sep 30, first since conflict of interest allegations against chairperson
Manba Finance IPO subscribed 73.18 times on Day 2 amid heavy demand (24-09-2024)
The initial public offer of Manba Finance Ltd got subscribed 73.18 times on the second day of share sale on Tuesday.
The Rs 151-crore initial share sale received bids for 64,39,20,375 shares against 87,99,000 shares on offer, as per NSE data.
The portion for non-institutional investors got subscribed 172.23 times while the category for Retail Individual Investors (RIIs) attracted 70.18 times subscription. The quota for Qualified Institutional Buyers (QIBs) garnered 4.15 times subscription.
The initial public offer of Manba Finance Ltd received 23.67 times subscription on the first day of bidding on Monday.
The initial public offer (IPO) has a fresh issue of up to 1,25,70,000 equity shares. The price range for the offer is Rs 114-120 per share.
The IPO will conclude on September 25.
Proceeds from the issues will be utilised to augment the capital base to meet the company’s future capital requirements towards onward lending and for general corporate purposes.
Hem Securities is the
Tata Elxsi integrates RDK-B software stack with the Qualcomm 5G FWA Gen 3 Platform (24-09-2024)
Looking ahead, Tata Elxsi will upgrade the platform to include next-generation features such as Wi-Fi 7. This upgrade will further enhance FWA devices, offering operators more flexible, scalable, and cost-effective solutions setting the stage for the next generation of wireless
innovation.
Sebi must name those profiteering at expense of small traders: Rahul (24-09-2024)
Congress leader Rahul Gandhi on Tuesday said 90 per cent of small investors have lost Rs 1.8 lakh crore in Futures and Option (F&O) trading in three years and asked the SEBI to reveal the names of the “so called big players” profiteering at their expense.
More than 91 per cent, or 73 lakh, individual traders lost money in the F&O segment in FY24 with an average net loss of Rs 1.2 lakh per person, a study conducted by markets regulator Securities and Exchange Board of India (SEBI) revealed on Monday.
Further, 93 per cent of over 1 crore individual F&O traders incurred average losses of about Rs 2 lakh per trader (inclusive of transaction costs) during the three years from FY22 to FY24. The aggregate losses of such traders exceeded Rs 1.8 lakh crore during the period.
Gandhi, who is the leader of the Opposition in the Lok Sabha, said on X, “Uncontrolled F&O trading has grown 45X in 5 years. 90% of small investors have lost ?1.8 lakh Cr in 3 years.”
“SEBI must reveal the .