The AMC has also reduced monthly minimum SIP investment limit to ₹200 and quarterly minimum SIP investment limit to ₹1,000 for select schemes
SEBI announces process improvements to make sale proceeds available to Foreign Portfolio Investors on settlement day itself (16-10-2024)
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Piccadily Agro Industries Ltd (16-10-2024)
The stock was in UC, what movement are you talking about?
Candidates to contest elections would be son of soil of Bihar: Jan Suraaj founder Prashant Kishor (16-10-2024)
Jan Suraaj founder Prashant Kishor announced that highly capable local individuals will be candidates for the upcoming Bihar by-elections, emphasizing their commitment to state improvements. Retired Lieutenant General Krishna Singh is nominated for the Tarari Assembly constituency. ECI announced bypolls across 15 states to occur on November 13.
Infosys, Exide Industries among 5 stocks with long unwinding (16-10-2024)
Long unwinding occurs when traders sell positions or stocks held for a longer period, often to book profit or exit due to anticipated bearishness. Five stocks witnessed long unwinding on Wednesday.
18 of top 30 IPOs by size have failed to generate excess returns: Capitalmind (16-10-2024)
A recent study highlighted the risky nature of IPO investments in India. Of the 30 largest IPOs, 8 have actually resulted in losses for investors. The most striking example is Reliance Power, which launched its massive Rs 11,700 crore IPO in February 2008. Despite the initial hype, the stock has plummeted by over 80% from its issue price of Rs 450, leaving investors with significant losses. This serves as a stark reminder that even high-profile IPOs can fail to deliver on their promises.
New settlement mechanism for FPIs to lead to efficiency gains of Rs 2,000 crore per annum: Sebi (16-10-2024)
Sebi’s new settlement mechanism for FPIs, effective from September 9, 2024, aims to enhance operational efficiency by issuing tax certificates for FPI sale trades on ‘T+1’ day, potentially generating efficiency gains of around Rs 2,000 crore per annum.