Investors showed interest in oil & gas, utilities, power, and metal stocks, while banking, realty, telecom, FMCG, and consumer durable stocks experienced selling pressure.
MUDA case: Allegations against CM Siddaramaiah date back over three decades (24-09-2024)
The Karnataka Governor has sanctioned an investigation against Chief Minister Siddaramaiah over a decades-old case involving the Mysuru Urban Development Authority. The controversy centers on the alleged illegal allotment of compensatory sites to Siddaramaiah’s wife, Parvathi. The government has set up an inquiry commission, and Siddaramaiah has challenged the Governor’s order in court.
Rethinking ‘Checks and Balances’ for the A.I. Age (24-09-2024)
A project at Stanford points to the need for institutional innovation, especially in government, to increase the odds that A.I. enhances democracy.
I’m Kejriwal’s Hanuman, will clear all his pending works: Kailash Gahlot (24-09-2024)
AAP leader Kailash Gahlot, taking charge in the Atishi-led Delhi government, declared himself as Arvind Kejriwal’s ‘Hanuman’ and vowed to clear all pending works. Gahlot retained his previous portfolios and expressed confidence that Kejriwal would return as Delhi’s chief minister in the upcoming assembly elections.
Demergers on the radar (24-09-2024)
EGM was attended by few big investor and 2 international MNC investment firms .
SEBI study exposes massive losses for individual F&O traders in India (24-09-2024)
While foreign portfolio investors (FPIs) and proprietary traders reaped profits, individual traders bore the brunt of these losses. In FY24 alone, individuals incurred a net loss of approximately Rs 75,000 crore.
Sebi seeks views on simplifying registration process for certain FPIs, floats consultation paper (24-09-2024)
Sebi is considering a proposal to streamline the Common Application Form (CAF) for certain Foreign Portfolio Investors (FPIs) to reduce paperwork and processing time. The industry has requested a simplified CAF with only essential fields for specific FPI categories.
Strong demand for India’s largest non-bank bond sale for FY25 may prompt more issues (24-09-2024)
Strong demand from mutual funds and insurance companies at India’s largest issue of bonds by a non-banking entity for the current financial year is likely to prompt similar issues in the near-term, five merchant bankers said on Tuesday.