Page 4 - Capital Market

Sebi asks IHH Healthcare to get Delhi HC nod for Fortis open offer

IHH indicated last week that it was ready to go ahead with the stalled open offer if the capital markets regulator allowed it

Near term margins may remain subdued for Astral, high valuation weighs

The company underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Analysts positive on Bank Nifty, advise picking up stocks on dips

Bank Nifty index has been outperforming the benchmark Nifty. It has gained 4% in the past one month and 16% YTD. In comparison, Nifty is up less than 2% both on a one-month and YTD basis

Govt to approach capital market this month to raise funds for road projects

Union Minister Nitin Gadkari on Thursday said the government will approach the capital market this month to raise funds for road projects. Addressing an event here, he said toll revenue of the NHAI will soar to Rs 1.40 lakh crore per annum in next three years from Rs 40,000 crore per annum currently. "This month, I will be approaching the capital market to raise funds for road projects...Our toll income is very good and NHAI's rating is AAA...I am 100 per cent sure that we will get a good response from the capital market," the Road Transport and Highways minister said. Gadkari said the insurance funds, pension funds have shown interest to invest in India's road projects because there is economic viability. Last month, he had said the money will be raised through Infrastructure Investment Trusts (InvITs), and there will be an investment limit of Rs 10 lakh for retail investors. The minister had also said the government will soon list InvITs on stock exchanges so that retail investo

BoB issues Rs 2,500 crore AT-1 bonds at 7.88%, cheaper than peers

Four PSU banks have raised Rs 7,800 crore AT-1 bonds so far in FY23 as credit demand booms

Sebi comes out with disclosure requirement for asset management companies

Capital markets regulator Sebi on Thursday came out with the disclosure framework for asset management companies, mandating a scheme-wise disclosure of investments in securities of entities that are excluded from the definition of "associate". This came after Sebi, earlier this month, amended mutual fund rules to remove the applicability of the definition of "associate" to sponsors that invest in various companies on behalf of the beneficiaries of insurance policies or such other schemes. Under the rules, associate includes a person who directly or indirectly, by himself, or in combination with relatives, exercises control over the AMC or the trustee, among others. As part of the new framework, asset management companies (AMCs) will have to make scheme-wise disclosure of investments, as on the last day of each quarter, in securities of such entities that are excluded from the definition of "associate", the Securities and Exchange Board of India (Sebi) said in a circular. Further, .

Top headlines: SpiceJet scouting for funds; markets may fund road projects

Road Transport Minister Nitin Gadkari on Tuesday said the government will approach the capital market next month to raise funds for four road projects

Facebook co-founder Eduardo Saverin's B Capital closes $250 mn fund

Ascent Fund II is B Capital's first dedicated early-stage fund. It invests in pre-seed through series A rounds globally, with an emphasis on the US and Asia, including India

SBI, Canara, Bank of Baroda plan to raise Rs 7,500 crore through AT-1 bonds

IOB also likely to tap debt capital market, say sources, though quantum of fund-raising being planned isn't clear

PMI: India's services activity touches an eleven-year high of 59.2 in June

The jump in the services PMI corroborates the view that the services sector will lead the growth recovery in FY2023, says Aditi Nayar of Icra

ICICI Bank, Gift City to pitch Gift SEZ to Indian, global businesses

GIFT SEZ is the country's first International Financial Services Centre (IFSC) which is being developed as a global financial services hub

Escorts Q3 consolidated net profit drops 32% to Rs 194 crore

The company had posted a consolidated net profit of Rs 286.42 crore in the same quarter last fiscal

Don't let speculation govern your money decisions prior to Budget

Buying or selling securities based on rumours about expected changes in tax rates or sectoral sops can backfire

Capital preservation now more important than doubling the money: Marc Faber

The Indian economy can outperform the rest of the world economy, says Faber

The myth of safe realty versus risky equities

Low liquidity in the realty market, combined with its non-transparency, means investors are often unaware of the loss in capital value they have suffered during downturns

Sebi lays steps for undertaking co-investment portfolio management service

Capital markets regulator Sebi on Friday came out with the procedure for undertaking co-investment services through portfolio management route

Sebi bans Proficient Research, its partners from markets for 4 years

Markets regulator Sebi on Monday restrained Proficient Research and its partners from accessing capital markets for four years for engaging in investment advisory services without obtaining requisite registration. Such certification is mandatory under Investment Advisers Regulations, 2013. Partners of partnership firm Proficient Research were Vidhi Singh Parihar, Mohd. Sohail Khan and Altamash Sheikh. No directions have been passed against Khan since he was a partner for only two months and then resigned with effect from September 1, 2014. Proficient Research had collected approximately Rs 48 lakh in the name of advisory fees during July 2014 to November 2016. Sebi has directed the firm, Vidhi Singh Parihar and Altamash Sheikh to refund the money received from the clients/investors, as fees or consideration or in any other form, in respect of their unregistered investment advisory activities carried out in the name of Proficient Research, within three months. Sebi further said th

Sebi introduces T+1 settlement cycle on optional basis to enhance liquidity

Capital markets regulator Sebi on Tuesday introduced T+1 settlement cycle for completion of share transactions on optional basis in a move to enhance market liquidity

Retail biz will give us brand identity and recall: Infra.Market co-founder

Infra.Market's co-founder talks about the company's future plans, including retail ambitions, plans to look at the capital markets and more

Sensex rebounds after 3-day slide; dovish Fed calms world markets

Tata Steel hogged the limelight in the Sensex pack, rallying 6.87%