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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a team of reporters that turns 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 team of reporters that turns 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.
Investors paid as much as Rs 212 to trade their 'rights entitlement' for an attractive price
During the start of the year, private banks alone accounted for a fourth of the index weight
First issue since introduction of trading platform that allows eligible shareholders to sell their entitlement
The Ministry of Corporate Affairs (MCA) had clarified earlier this month that it would be allowing the meetings to be conducted online because of Covid-19
The performance of banking stocks is likely to weigh on the markets
Stung by the comments made by the global chief, market regulator on Thursday issued a press release defending the new rules it introduced in October last year
More than 133 million shares of HUL were sold in the Rs 1,900-1,950 range, via multiple large transactions in morning trade
Over Rs 25,000 crore ($3.3 billion) worth of investments belonging to 300,000 investors are currently stuck in the six debt schemes wound up by the fund house
Rights issue is a mechanism available for listed firms to raise money by offering existing shareholders new equity shares
Bourses cap April with 14.7% gains, best since '09
The overall sectoral exposure to NBFCs, including housing finance companies, fell to 19% in March 2020
One-year return for fund category is 17 per cent
The broker turnover fee has been slashed by 50 per cent of the existing fee structure
IndusInd Bank was added to the so-called 'red flag' list two weeks ago after FPI shareholding crossed 71 per cent
At present, the approvals given to IPOs are valid for a period of 12 months from the date of Sebi's final "observation". This has been extended by six months
Market regulator has introduced curbs on short selling, increased margins and penalties
Private sector lender IndusInd Bank has caught the fancy of overseas investors
However, the virtual shutdown of the economy and the question mark surrounding the return to normalcy mean the markets are not yet out of the woods
Move follows MSCI step, inflows may rise by $2 billion
The issue surfaced after the shareholding pattern disclosed by HDFC showed the People's Bank of China had hiked its stake in the mortgage lender during the March quarter