In a step towards investor awareness, the Securities and Exchange Board of India (Sebi) has directed companies planning to launch initial public offers (IPOs) to release a 10-minute video containing key information related to the issue. The initiative is to make it easier for investors to understand the features of the public issue and the company.
Posts tagged Rediff
Sensex scales 76K, but ends down in volatile trade (27-05-2024)
From the Sensex firms, Wipro, NTPC, Sun Pharma, Mahindra and Mahindra, ITC and Reliance Industries were among the biggest laggards. IndusInd Bank, Axis Bank, Bajaj Finance, HDFC Bank, Larsen and Toubro and State Bank of India were among the major gainers.
Jio Fin arm plans Rs 36K cr deal with Reliance Retail (27-05-2024)
Mukesh Ambani’s Jio Financial Services (JFS) is set to seek shareholders’ approval for its leasing subsidiary to acquire telecom equipment and devices worth Rs 36,000 crore ($4.33 billion) from Reliance Retail. Jio Leasing Services Limited (JLSL), a wholly-owned subsidiary of JFS, plans to enter the device leasing business, and the equipment will be deployed in broadband wireless connectivity and other services.
IPL Final Mints Money For Restobars (27-05-2024)
The cricketing extravaganza became a business opportunity for everyone, from five-star hotels to cafes to street vendors across the country on Sunday.
Gold loan biz is shining as regulatory scrutiny grows (27-05-2024)
In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down – be it pushing the lines on governance or unsecured credit.
Why did Chris Wood sell his holding in HDFC Bank? (27-05-2024)
Global fund managers remain bullish on the Japanese stock markets, which is now their most preferred destination in the Asian region. Both Morgan Stanley and Jefferies in their recent reports, have cited their preference for the Land Of The Rising Sun, which is fast becoming the land of the rising equities, too.
Extraordinary Story Of EPFO Digitisation (27-05-2024)
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
FPIs take out Rs 22,000 crore from equities in May (26-05-2024)
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets.
‘Banks will continue infrastructure projects finance’ (26-05-2024)
‘Banks make money because they take the right credit calls. So they need to focus on risk mitigation rather than risk avoidance.’
Factors that will guide the markets this week (26-05-2024)
Equity markets may witness a gradual up-move this week with some volatility as both election and earnings season are nearing their end, analysts said, adding that global trends and trading activity of foreign investors would hold significance in dictating investors’ sentiment. Benchmark indices, which had a record-breaking rally last week, would also track global oil benchmark Brent crude and the rupee-dollar trend. The monthly derivatives expiry on Thursday may also fuel volatility in markets.