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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
The value of promoter pledged holdings stood at Rs 1.7 trillion, 0.81% of total market cap of BSE 500 index
Domestic retail investors will be able to transact on the platform under LRS scheme prescribed by RBI which permits a resident individual to remit up to Rs 1.86 crore per year
HNI portion was subscribed 360x; break-even after factoring in the interest cost for wealthy investors worked out between Rs 1,400-1,500 a share versus closing price of Rs 1,167
The tribunal lacks a third member to fall back upon, thus putting the PNB Housing plea in a limbo
Sebi has done away with the investment restrictions on the residual portion of investable funds of venture capital funds (VCFs)
According to industry players, the many banks found it difficult to process the record 10 mn retail applications garnered, leading to higher failure rate, delayed OTP messages
Some of these funds include Albula Investment Fund, Cresta Fund, and APMS Investment Fund-famous for their investments in Adani group stocks
Tyagi says the market regulator is examining free float in listed companies
The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore
This is to avoid conflict of interest of competing firms
Analysts say American sanctions on Chinese companies will prompt global investors to look at India more favourably
Newly listed start-up Zomato is seen entering the index before the end of 2022
On the first day, Zomato has broken into the club of top-50 listed companies in terms of market capitalisation in India
Stock now most expensive consumer and food company in India
Views follow a stellar response to India's first unicorn IPO by food delivery company Zomato, which was subscribed nearly 40 times
Zomato's listing was initially scheduled for July 27. However, investment banks managed to complete share allotment and listing formalities ahead of deadline
Overall, about half a million rejected on technical grounds
Ten individuals pay a total of Rs 37 cr towards settling the case
Stock will need to move to about Rs 328 a share (4.3x over possible IPO price of Rs 76) for it to be part of Nifty index
Several resolutions on stock option grant see overwhelming 'against' votes by institutional investors