FPIs had raised concerns about delays in their access to sale proceeds beyond the standard T+1 settlement date. These delays were primarily due to the erstwhile process adopted for obtaining tax clearance on their net sale proceeds, to ensure compliance with FEMA Regulations.
HDFC AMC’s Q2 show fuels rally in MF stocks (17-10-2024)
Aditya Birla Sun Life Asset Management Company surged 11.5% to end at ₹779, UTI AMC rose 7.6% to ₹1,326, HDFC AMC gained 5.8% to ₹4,833 and Nippon Life India AMC advanced 2% to ₹721.
Hyundai IPO: Bids at 42% on Day 2 (17-10-2024)
The non-institutional investor (NII) portion, primarily high-net-worth individuals, was subscribed 0.26 times, while the retail investor portion saw a subscription of 0.38 times. The employee reserved portion, offered at a discount of Rs 186 per share, was oversubscribed at 1.31 times (130%). Meanwhile, the qualified institutional buyer (QIB) portion was subscribed 0.58 times.
For Canadian funds, India’s the goose laying golden nest eggs (16-10-2024)
The Canada Pension Plan Investment Board (CPPIB), the largest Canadian investor in India, has been trimming its stakes in Indian stocks over the past year, while other funds Caisse de Depot et Placement du Quebec (CDPQ) and British Columbia Investment Management have kept their holdings in the country unchanged.
Coffee Can Investing may not be a good idea for mega IPOs (16-10-2024)
Out of the country’s 30 largest IPOs with issue sizes between ₹4,000 crore and ₹20,000 crore so far, 18 have lagged the performance of the Nifty 500 index, according to a study by Capitalmind Financial Services.
Coffee Can Investing may not be a good idea for mega IPOs (16-10-2024)
Out of the country’s 30 largest IPOs with issue sizes between ₹4,000 crore and ₹20,000 crore so far, 18 have lagged the performance of the Nifty 500 index, according to a study by Capitalmind Financial Services.
Hyundai Motor India Limited – HMIL (16-10-2024)
Yes and that has left bad taste for many. I want to play on hyundai for index inclusion later but wont be going for ipo.
Disclaimer: I have no holdings in autmobile sector
Thomas J. Donohue Dies at 86; Transformed Chamber of Commerce (16-10-2024)
Under his 24-year leadership, the lobbying group developed enormous clout in Washington, but he broke with the Trump administration over immigration, tariffs and the 2020 election.