Markets regulator Sebi suggests changes to the framework for ESG Rating Providers, especially those using a subscriber-pays model. Sebi recommends exemption from disclosing ESG ratings to stock exchanges and sharing reports with subscribers and rated issuers simultaneously. The proposals aim to improve clarity and transparency in ESG ratings. Public comments on the proposals are invited until November 15.
Posts in category Economic Times
RINL’s SBI-led lender consortium to go for uniform debt rejig (01-11-2024)
Lenders have formed a consortium led by SBI to create a uniform debt resolution plan for RINL, which has been operating at one-third capacity. SBI Capital Markets is preparing the plan. RINL has missed payments and was downgraded to default category, but received a Rs 1,650 crore infusion from the government recently.
RINL’s SBI-led lender consortium to go for uniform debt rejig (01-11-2024)
Lenders have formed a consortium led by SBI to create a uniform debt resolution plan for RINL, which has been operating at one-third capacity. SBI Capital Markets is preparing the plan. RINL has missed payments and was downgraded to default category, but received a Rs 1,650 crore infusion from the government recently.
US stocks open higher boosted by Amazon’s strong earnings (01-11-2024)
Stock indexes opened higher on Friday, as Amazon’s strong earnings mitigated Apple’s weaker China sales and investors weighed a sharp reduction in U.S. jobs growth in October.
M&M shares rally 3% on reporting highest ever SUV sales (01-11-2024)
Shares of Mahindra & Mahindra rallied up to 3% after the company recorded its highest monthly sales in October, driven by festive season demand. Mahindra’s utility vehicle sales grew by 25%, while Maruti Suzuki and Hyundai also posted record sales figures, boosting their stock values.
Sensex begins Diwali Muhurat trading on a sweet note with over 400 point rise (01-11-2024)
Indian benchmark indices Sensex and Nifty opened higher in the special Muhurat trading session on Diwali, lifted by upbeat investor sentiment as markets ushered in the new Hindu calendar year, Samvat 2081.
Niva Bupa Healthcare to launch Rs 2,200 crore IPO on November 7. Check details (01-11-2024)
Niva Bupa Healthcare’s IPO will open for subscription from November 7 to 11. The company plans to raise Rs 800 crore through a fresh equity sale and Rs 1400 crore via an offer for sale. Proceeds will be used to strengthen its capital base. Niva Bupa uses advanced technology to detect fraudulent claims and is India’s third largest SAHI.
Pre-market action: Here’s the trade setup for today’s session (01-11-2024)
Equity markets witnessed a decline due to selling pressure, with Nifty experiencing support at lower levels. Asian markets largely fell on Friday, oil prices increased over geopolitical concerns, and the US dollar steadied. European shares rose slightly but faced a potential weekly loss, and FII turned net sellers.
2 reasons why stock market is witnessing a tougher Diwali than expected (01-11-2024)
Indian stock indices have dropped by 7-8% over the last month, contrasting with slight gains in US markets and stability in other global indices including China. This decline is linked to China’s new stimulus package and disappointing Q2 FY2025 earnings in India. While current sentiments are low, strong domestic economic factors may cushion further declines.