Investor

Michael Burry of 'Big Short' fame deregisters Scion Asset Management

Bets by Scion, which managed $155 million in assets as of March, have long been dissected for hints of looming bubbles and signs of market froth

No regulatory gap, guardrails needed to protect investors: Sebi official

Valuation of initial public offerings (IPO) is not a regulatory gap but "we have to see how we can further put guardrails" to protect the interest of retail investors, Sebi whole-time member Kamlesh Varshney said on Friday. Speaking at the 10th edition of the corporate governance summit, "Gatekeepers of Governance" here, Varshney said the market regulator moving away from control of a capital issue is a "right step", but at the same time stressed on the need to ensure that valuation by anchor investments take place properly, effectively and efficiently "I am not saying it's a regulatory gap, but it is something good for the thought --whether the valuation that is being carried out at this point of time is correct or not. We have seen a lot of IPOs are coming, where retail investors are challenging the valuation," he said. The remarks came a day after Sebi (Securities and Exchange Board of India) chairman Tuhin Kanta Pandey on Thursday clarified that the capital markets regulator wil

Sebi to offer extra incentives for first-time women investors in MFs

To encourage greater participation of women in mutual funds, markets regulator Sebi is planning to introduce additional incentives for investments by first-time female investors, its chief Tuhin Kanta Pandey said on Friday. "Financial inclusion will remain incomplete unless women are equally represented," Pandey said at an event organised by the Association of Mutual Funds in India (Amfi). "...We are thus also envisaging to introduce an additional distribution incentive for investments from first-time women investors," he added. He said that Sebi is taking a series of measures to facilitate and encourage the industry, and one such recent proposal is to incentivise distributors for investments from first-time individual investors in B30 cities (tier 2 and tier 3 cities). The move will not only bring new participants into the fold but also extend the reach of mutual funds into underrepresented regions, contributing to deeper financial inclusion. Also, to provide greater flexibility

Sebi warns investors against fake messages misusing its name and logo

Sebi has warned investors about fake messages using its name, logo, and forged documents. The regulator urged the public to verify such communication on its official website before responding

Regulations alone can't save you if you don't protect yourself: BSE CEO

Stressing the need for investor awareness and responsibility, BSE Managing Director and CEO Sundararaman Ramamurthy on Thursday said that regulations alone cannot protect investors if they do not take adequate precautions while investing. "You trade what you understand, and you understand what you trade if you don't do that, you have a problem," Ramamurthy said, urging investors to be vigilant and informed. He criticised the tendency of investors to rely on hearsay rather than due diligence. "You scan a vegetable before you buy it, but when you invest your life's earnings, you go by hearsay that's not how it should be," he said. On regulatory expectations, the BSE chief remarked that there is a general perception that regulators are blamed when investors lose money, but when markets do well the same person praise their own knowledge. "If you don't want to safeguard yourself, no amount of regulation can save you. Be alert," he stressed. Addressing the issue of retail participati

Investors may want India to lower ultra-long debt bond supply in FY26

The gap between yields on India's 10-year and 40-year bonds, a marker of the premium investors ask for buying long-term notes, spiked to a nearly three-year high of 40 basis points in February

Darker than a dark pool? Welcome to Wall Street's 'private rooms'

Created within the dark pools themselves, the rooms are independent from one another and each is invisible to anyone not invited

Playbook Partners to invest $20 mn each in 12-15 companies over 2 years

Growth capital firm Playbook Partners intends to invest USD 20 million (around Rs 175 crore) each in about 12-15 companies over the next two years, a top company official said. The firm's investment portfolio includes companies like Myntra, PolicyBazaar, InMobi, Nazara Technologies, Rapido, and Renee, among others. While primarily investing in India, it has also backed global companies like SpaceX and Stripe. "With planned investments up to USD 20 million each in 12-15 companies, we are targeting high-potential ventures across SaaS, E-commerce, Healthtech, ClimateTech, B2B & B2C, Playbook Partners Founder and Managing Partner Vikas Choudhury said. Our focus is on companies that have crossed Rs 100 crores in turnover, where our capital and expertise can accelerate their journey to the next level of growth," Choudhury told PTI. Commitments to three companies are in the final stages of closing and will be announced over the next quarter, he added. The former Jio president said he has

12-14 months to survive? Nissan seeks investor after Renault reduces stake

Renault has decreased its stake in Nissan from 43% in 2002 to 15% in 2023, aligning with Nissan's 15% non-voting stake in Renault

Investors subscribe Garuda Construction IPO 1.9 times offer size on Day 1

The initial public offer of Garuda Construction and Engineering got fully subscribed with 1.91 times subscriptions on the first day on Tuesday. The initial share sale received bids for 3,80,15,666 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The portion meant for Retail Individual Investors (RIIs) got subscribed 3.43 times while the quota for non-institutional investors received 1.10 times subscription. The category for Qualified Institutional Buyers (QIBs) attracted a mere 2 per cent subscription. Garuda Construction and Engineering Ltd on Monday said it has raised Rs 75 crore from anchor investors. The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering. The initial share sale will conclude on October 10. The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the

Vodafone Idea calls urgent investor meeting after AGR ruling setback

The telecom company, struggling under massive debt, is facing heightened uncertainty following the Supreme Court's decision

Regulatory failures can damage investor confidence: Cong amid Sebi row

Amid row over Hindenberg's allegations against Sebi chief Madhabi Buch, the Congress on Tuesday said regulatory failures and conflicts of interest may be brazened out briefly but they can cause long-term damage to the sentiment and confidence of investors. The opposition party also said the Indian equity market has so far enjoyed fair weather due to well-regulated markets but any lapse risks destabilising them. Congress general secretary-in-charge communications Jairam Ramesh said data released recently reveals that the unique registered investor base of the National Stock Exchange of India (NSE) with unique PANs has crossed 10 crore. He said the immediate implication of this is that integrity and transparency in financial markets matter to a large and growing number of Indians, particularly the youth. The median age of these investors is 32 years, and 40 per cent of all investors are below 30 years of age, Ramesh said, citing the NSE. Financial markets function on the assumption

Investor subscribe Vraj Iron IPO 119 times of offer size on last day

The initial public offer of Vraj Iron and Steel got subscribed 119 times on the last day of bidding on Friday helped by heavy participation from institutional investors. The Rs 171-crore initial share sale received bids for 73,07,13,312 shares against 61,38,462 shares on offer, as per NSE data. The quota for non-institutional investors received a whopping 208.81 times subscription, while Qualified Institutional Buyers (QIBs) part got subscribed 163.90 times. The category for Retail Individual Investors (RIIs) fetched 54.93 times subscription. Vraj Iron and Steel on Tuesday said it raised a little over Rs 51 crore from anchor investors. The IPO is entirely a fresh issue of equity shares with no offer-for-sale component. Shares were available for public subscription in the range of Rs 195 to Rs 207 per scrip. The company will use the IPO proceeds for expansion projects at the Bilaspur facility in Chhattisgarh and general corporate purposes. Raipur-based Vraj Iron and Steel is into

Investors subscribe Vraj Iron IPO 3.46 times offer size on day 1 of bidding

The initial public offering (IPO) of Vraj Iron and Steel received 3.46 times subscription on the first day of share sale on Wednesday. The Rs 171-crore initial share sale received bids for 2,12,27,976 shares against 61,38,462 shares on offer, according to NSE data. The portion for retail individual investors (RIIs) garnered 5.05 times subscription while the category for non-institutional investors got subscribed 3.53 times. The qualified institutional buyers (QIBs) quota received 61 per cent subscription. Vraj Iron and Steel on Tuesday said it has raised a little over Rs 51 crore from anchor investors. The Rs 171-crore IPO is entirely a fresh issue of equity shares with no offer-for-sale component. Shares will be available for public subscription in the range of Rs 195 to Rs 207 per scrip. The company will use the IPO proceeds for expansion projects at the Bilaspur facility and general corporate purposes. Raipur-based Vraj Iron and Steel is into manufacturing sponge iron, MS (Mi

Fintech company Cred's Kunal Shah is top startup founder-investor

Shah has invested in 266 startups, followed by Anupam Mittal, founder of shaadi.com, who has funded 213

Venture Capital firm Peak XV Partners most active investor in India: Hurun

Venture Capital firm Peak XV is the most active investor in Indian startups with investment in 47 entities, according to ASK Private Wealth Hurun India Future Unicorn Index 2024. According to the index report, Peak XV is followed by Accel which has invested in 25 companies that are poised to become the next generation of unicorns. "With an impressive portfolio of 47 investments, Peak XV Partners emerges as the top investor in the ASK Private Wealth Hurun India Future Unicorn Index 2024, the report said, adding that Peak XV Partners registered successes by investing in Turtlemint, CleverTap and Classplus, among others. The report said that the number of unicorns -- startups valued at over USD 1 billion -- slipped by one to 67 in 2023. Peak XV is an investor in 70 per cent of India's unicorns. "Ranking 2nd on the ASK Private Wealth Hurun India Future Unicorn Index 2024, Accel has made investments in 25 companies that are poised to become the next generation of unicorns. Their portfo

Planning for FY25, making safe investments: Top personal finance stories

Our top stop stories this week tell how you how to review your portfolio and what to do if you are a risk-averse investor

Investors subscribe SRM Contractors IPO 17.40 times on day two of bidding

The initial public offer of SRM Contractors got subscribed 17.40 times on the second day of bidding on Wednesday. The Initial Public Offer (IPO) received bids for 7,55,13,970 shares against 43,40,100 shares on offer, according to data available with the NSE. The quota for non-institutional investors received 45.49 times subscription while the portion for Retail Individual Investors (RIIs) got subscribed 13.93 times. The category for Qualified Institutional Buyers (QIBs) fetched 2.41 times subscription. The IPO of fresh issue of up to 62,00,000 equity shares is in a price range of Rs 200-210 a share. SRM Contractors mopped up Rs 39 crore from anchor investors on Friday. The SRM Contractors' IPO received 3.56 times subscription on the first day of bidding on Tuesday. The firm is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works and other miscellaneous civil construction activiti

Investors become richer by Rs 7.81 trillion as stock markets rebound

With equities staging a smart comeback a day after registering a steep fall, investors' wealth jumped by Rs 7.81 lakh crore on Thursday. The 30-share BSE Sensex climbed 335.39 points or 0.46 per cent to settle at 73,097.28. During the day, it jumped 602.41 points or 0.82 per cent to 73,364.30. The market capitalisation of BSE-listed companies went up by Rs 7,81,631.24 crore to Rs 3,79,98,233.91 crore (USD 4.59 trillion). The BSE benchmark index tanked 906.07 points, or 1.23 per cent, to settle at 72,761.89 on Wednesday. The Nifty plummeted 338 points, or 1.51 per cent, to 21,997.70. "Short-covering provided the much-needed fillip after Wednesday's crash, as key indices rose sharply after early weakness but quickly rebounded thereafter. Sharp gains in the US Dow Futures indicating a positive start also buoyed the local market sentiment. Recovery in mid and smallcap stocks shows that money is waiting on the sidelines to enter the market post healthy correction," Prashanth Tapse, Seni

Rs 601.5 cr IPO of Popular Vehicles subscribed 45% on 2nd day of bidding

The initial share sale of Popular Vehicles and Services Limited got subscribed 45 per cent on the second day of subscription on Wednesday. The Rs 601.55 crore-Initial Public Offer (IPO) received bids for 65,31,800 shares against 1,44,15,110 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) attracted 77 per cent subscription while the non-institutional investors part got subscribed 20 per cent. The IPO has a fresh issue of up to Rs 250 crore and an offer for sale of up to 1,19,17,075 equity shares. The price range for the Kochi-based company's offer is Rs 280-295 a share. On Monday, Popular Vehicles and Services said it has garnered Rs 180.17 crore from anchor investors. Proceeds of the fresh issue will be used for debt payment and general corporate purposes. Popular Vehicles and Services is a leading diversified automotive dealership in the country with a presence across the automotive retail value chain, including the sale of new passenger and