Page 201 - Bs Reporter

Journey towards strong governance a work in progress: Deepak Parekh

The ultimate objective is that corporate governance systems must become simpler; not more complicated, Parekh said

Nifty to reach 20,500 by end-2023, implying 12% price return: Goldman Sachs

Says India's 'superior' earnings growth appears to be priced in, sees 'modest' contraction in P/E multiples going ahead; stay overweight on banks, insurers, and investment cyclicals

Sebi bans fresh inflows into AIF schemes making 'priority distribution'

Schemes adopting such a model, which benefits one class of investors at the cost of others, have also been barred from investing in new companies

Kaynes Technology gains 18% on debut, adds Rs 103 to end at Rs 690 a share

The stock hit a high of Rs 787 and a low of Rs 675 on the BSE before close

Sebi extends one-time stock option settlement scheme by two months

Scheme provides a settlement opportunity to entities that have executed trade reversals in stock options from April 2014 to Sept 2015, and against whom adjudication proceedings are pending

20-minute glitch on Zerodha app; users unable to view, modify orders

Company says limited group of customers impacted; Trade execution unaffected all the while

Motilal Oswal AMC to accept fresh investments in international schemes

The AMC had suspended fresh subscriptions to these schemes in Jan after the MF industry came close to breaching global investment limit

Union Bank likely to sell tier-2 bonds worth Rs 2,000 crore next week

Tier-2 bond sale plan comes amid sharp decline in bond yields

Bajaj Finance raises interest on FDs of up to Rs 5 crore by 25 bps

Revised rates applicable on fresh deposits and renewals

Five-Star Business up 3.4% on debut as Rs 684 cr worth of shares are traded

Listing day gains come despite lukewarm response to IPO

Archean Chemical gains 12% on debut, shares worth Rs 1,014 cr traded

The stock hit a high of Rs 476 and a low of Rs 440.2 on NSE; firm's IPO was subscribed 32 times

Carlyle Group sells Rs 607 crore shares in logistics firm Delhivery

The six-month post-initial public offering (IPO) lock in on shares of Delhivery ended on November 20

Adani group's Rs 493-cr open offer for NDTV shares to begin on Tuesday

The offer, for 16.7 million shares at Rs 294 apiece, will close on December 5. The size of the open offer is nearly Rs 493 crore

ICICI Bank launches dollar bond, deposit-linked loan for NRIs at GIFT City

Lender claims to be the first to offer these products in GIFT City

Govt appoints 10 executive directors to public sector banks for 3 years

The union government decided to increase the term of wholetime directors in public sector banks, including MD & CEOs, to 10 years, from five years

Govt raises PSB CEO term to 10 years, seeks younger talent at the top

A candidate can be appointed for 5 years initially, extendable for another five years; this is also applicable for executive directors who are also wholetime directors

Trust, sustainability & talking robots at global accounting event in Mumbai

The 4-day event began on Friday and has delegates from across the world

HDFC to benefit from NSE tweak in index composition rule on mergers

Under new framework, in the event of a merger, target company will be deleted from index a day prior to ex-date, weight of acquirer (if part of the same index) will be increased the same day

Not buying stake in Equitas SFB, says DSP AMC in response to media reports

Clarifies that approval received by RBI allows its MF schemes to hold more than 5% in Equitas SFB, which will soon merge with Equitas Holdings

Google Cloud joins hands with DSCI for boosting cloud adoption

"Secure with cloud" initiative will also provide industry best practices and frameworks with Start-up and mobile app ecosystems on privacy and security