In August, global index provider MSCI decided to increase the weight of HDFC Bank in two tranches – first in August, and then in November. This was contingent upon foreign investors’ headroom remaining 20% at the least.
NSE, Limaye and eight others pay fine to Sebi to settle TAP case (05-10-2024)
The eight others who have settled the case include Umesh Jain, GM Shenoy, Narayan Neelakantan, VR Narasimhan, Kamala K, Nilesh Tinaikar, R Nandakumar and Mayur Sindhwad.
Medi Assist Healthcare Services Limited (05-10-2024)
As per my understanding,In the United States, health insurance companies typically do not use Third-Party Administrators (TPAs) in the same way as they are used in some other countries like India. However, TPAs do exist in certain contexts within the U.S. healthcare system.
I think Tpa’s role will decline day by day . Here large health companies now use in-house claim settlement process
Even health insurance advisors asks people to chose those companies which does have in-house claim settlement team.
Polling begins for 90 Assembly seats in Haryana (05-10-2024)
Polling for all 90 Assembly seats in Haryana began on Saturday under tight security. Over two crore voters are eligible to decide the fate of Chief Minister Nayab Singh Saini and other key candidates. The ruling BJP aims for a hat-trick while counting of votes will take place on October 8.
New 10-year bond pricing conveys demand comfort (05-10-2024)
On Friday, the Reserve Bank of India (RBI) carried out the maiden auction of a new government bond maturing in 2034. The coupon – or rate of interest – for the new bond was set at 6.79%. At the time of the auction, the yield on the existing 10-year bond was trading at 6.80%, implying a premium of one basis point for the yield on the new paper. The existing 10-year bond, which bears a coupon of 7.10%, closed at 6.83% on Friday.
Parl panel calls Sebi chief Buch on Oct 24 amid Adani-Hindenburg row (05-10-2024)
The Public Accounts Committee (PAC) of Parliament has decided to review the functioning of top regulatory authorities in the country and has called heads of SEBI and TRAI for deposition on October 24.
Top officials of the Ministry of Finance, (Department of Economic Affairs) and Ministry of Communications have also been asked to appear before the key parliamentary panel, with sources saying representatives of the Securities and Exchange Board of India (SEBI) chairperson Badhabi Puri Buch and Telecom Regulatory Authority of India (TRAI) chairperson Anil Kumar Lahoti are likely to appear before the panel.
Sources said the unstated convention in parliamentary practice is that chiefs of institutions have to attend parliamentary panel briefings whenever summoned.
The meeting of the key parliamentary panel comes amid a major row over allegations made by US research body Hindenburg against SEBI chairperson Madhabi Puri Much and her husband Dhaval Buch over her alleged links with the Adani
In a first, India’s forex kitty swells above $700-billion mark (05-10-2024)
This rise in reserves comes on the back of foreign investment in local equities, along with inflows due to Indian government bonds being included in the JP Morgan Emerging Market Index. FPIs invested $11.1 billion in Indian stocks in September, NSDL data showed, whereas investment in government bonds through the fully accessible route increased by over $2 billion, CCIL data showed.
The Weak That Was: Market tanks 4.5%, erasing Rs 16.6 lakh crore in investor wealth (05-10-2024)
The NSE Nifty fell 235.5 points or 0.9% to close at 25,014.6. The BSE Sensex declined 808.65 points or 1% to end at 81,688.45. Both indices, which were trading higher earlier in the day, slumped in a late sell-off ahead of the weekend.
Red Tape Ltd. – The next fashion giant? (05-10-2024)
Would appreciate if anyone who attended the AGM can share any highlights.