Unemployment, corruption, inflation and taxation are the biggest worries of the wealthy Indian entrepreneurs. However, three out of four (75 per cent) feel supported by the government
Posts in category Business Standard
Lumax Auto Technologies completes acquisition of 60% stake in Greenfuel Energy Solutions (26-11-2024)
For a consideration of Rs 153 cr
Exide Industries furthers invests Rs 99.99 cr in Exide Energy Solutions (26-11-2024)
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Sebi introduces mark-to-market basis valuation for repo transactions by MFs (26-11-2024)
Markets regulator Sebi on Tuesday decided to introduce new valuation metrics for repurchase or repo transactions by mutual funds, whereby securities used in such transactions will be valued on a mark-to-market basis.
The new valuation metrics are aimed at having uniformity in valuation methodology of all money market and debt instruments as well as at addressing the concerns of unintended regulatory arbitrage that may arise due to different valuation methodology adopted.
The new framework will come into effect from January 1, 2025, the Securities and Exchange Board of India (Sebi) said in its circular.
In its circular, Sebi said it has decided that the “valuation of repurchase (repo) transactions including TREPS with tenor of up to 30 days shall also be valued at mark to market basis”.
At present, repo transactions including tri-party repo (TREPS) with tenor of up to 30 days are valued on cost-plus accrual basis.
Further, the valuation of all repo transactions, except for overnigh
A B Infrabuild wins Western Railways project valued at Rs 69.98 cr (26-11-2024)
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Indices correct after two-day rally, Nifty ends below 24,200 (26-11-2024)
Despite mixed global cues, the benchmark indices opened higher, with the Nifty surpassing 24,300. However, the initial optimism quickly faded, and the indices spent most of the day in negative territory. A late buying spree helped to partially recover the day’s losses. Sectorally, the auto and pharma shares underperformed, while IT and FMCG stocks witnessed buying interest.
Bank deposits log growth of 11.7% in September 2024 (26-11-2024)
Reserve Bank of India (RBI) released the web publication ‘Deposits with Scheduled Commercial Banks for September 2024 today. Bank deposits growth (y-o-y) at 11.7 per cent in September 2024 remained close to that in the previous quarter. Deposits of all population groups (viz., rural/semi urban/urban/metropolitan) recorded double-digit annual growth; during Q2:2024-25, 66.5 per cent of the total incremental deposits contributed by the metropolitan branches, which have 54.7 per cent share in total deposits.
Enviro Infra Engineers IPO subscribed 89.90 times (26-11-2024)
The offer received bids for 276.83 crore shares as against 3.07 crore shares on offer.
INR settles lower as dollar stays firm (26-11-2024)
The Indian rupee fell 3 paise to close at 84.32 (provisional) against US dollar on Tuesday, as the greenback strengthened on Donald Trump’s tariff plans and a muted trend in domestic equities. US President elect Donald Trump’s comments that he would impose additional 10 per cent tariffs on Chinese goods and impose a 25 per cent levy on imports from Mexico and Canada has affected risk sentiment. Meanwhile, the benchmark S&P/BSE Sensex ended the session down 105.79 points, or 0.13 percent, at 80,004.06 while the broader NSE Nifty index slid 27.40 points, or 0.11 percent, to close at 24,194.50. Traders are now await the Federal Open Market Committee (FOMC) minutes of the November 7 meeting for further cues.
Moneywise Financial Services Pvt standalone net profit declines 21.32% in the September 2024 quarter (26-11-2024)
Sales rise 9.17% to Rs 50.37 crore