Facebook co-founder Dustin Moskovitz, also chief executive officer of project-management software maker Asana Inc., called on the billionaire to resign
On a year-on-year (Y-o-Y) basis, venture financing in the country fell from $3.3 billion in Q3CY22, according to data from KPMG's Venture Pulse Q3 2023 report
Investors overweight on small- and mid-cap funds may consider booking profits there and allocating to these funds
Capital markets regulator Sebi on Wednesday came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs. Also, the regulator has put in place a manner of claiming such unclaimed amounts by investors. The new framework will come into effect from March 1, 2024, the Securities and Exchange Board of India (Sebi) said in three separate circulars. The move is aimed at prescribing a uniform process of claim for such unclaimed funds in a streamlined manner for the ease and convenience of investors. This came after the board of Sebi in September approved amendments to rules about the IPEF (Investor Protection and Education Fund) disclosure, real estate investment trusts (REITs), and infrastructure investment trusts (InvITs). Going by circulars, Sebi has defined the manner of handling the unclaimed amounts lying with REITs, InvITs, and in the escrow accounts of the listed entities (which are n
Company will use the money to improve technology platform, expand distribution
Narayan added that Sebi had formed a working group to ease regulations and the registration process for offshore funds under the chairmanship of a former Sebi whole-time member
Recoveries from written-off loans were good at Rs 1,230 crore, and trading gains were at Rs 300 crore, along with a revaluation of investments of Rs 180 crore
A benign pricing environment in the US and drug shortages are major triggers for the company
In an interaction with Abhishek Kumar, Somaiyaa says investors should prefer hybrid funds in the current scenario
Inflows in Sept were higher than the average flows seen in FY24
No matter how good your idea is, if you don't have the right amount of funding to invest in your business, you will hit a deadend. Here are the five tips on how to pitch your business ideas
Capital markets regulator Sebi on Tuesday announced a centralised mechanism for reporting and verification through the KYC Registration Agency in case of the demise of an investor. Also, the regulator has put in place operational norms, including the obligations of regulated entities and registered intermediaries that have interfaces with investors or account holders who are natural persons. The new framework will come into effect from January 1, 2024, the Securities and Exchange Board of India (Sebi) said in a circular. Sebi said that listed companies wishing to provide beneficial access to such a centralized mechanism to their investors holding securities in physical form can establish connectivity with KRA through their RTAs. After receiving intimation about the demise of an investor, the concerned intermediary will have to obtain the death certificate along with the PAN from the notifier or nominee and verify the death certificate through online or offline mode. If the concern
Investors have also fled bonds, with both local- and hard-currency fixed income indexes sliding in the third quarter, according to data compiled by Bloomberg
New angel tax norms partially address startup concerns
New investors planning large lump-sum investments should stagger them over 6-12 months
State-run entity sets coupon of 7.63% on this issue
A high-powered Sebi committee has asked investors in PACL group's illegal schemes with claims of up to Rs 19,000 to produce original documents by October 31 to receive refunds. The panel has asked only those investors whose applications have been successfully verified to submit their original certificates. The committee, headed by former Chief Justice of India RM Lodha, is overseeing the process of disposing of properties to refund investors after verifying their genuineness. It has already initiated the process of refund in phases. The panel was set up by Sebi in 2016 following a Supreme Court order. The committee has decided to call for original PACL registration certificates from eligible investors with claims between Rs 17,001 and Rs 19,000, whose applications have been successfully verified, according to a statement published on Sebi's website on Monday. Accordingly, intimation through SMS will be sent to all eligible investors, requiring them to submit original PACL registrat
The New York-based banker pointed to India's fast-rising GDP among the attributes that make it so attractive
According to the CME Fed Watch tool, 99 per cent of investors expect the US Federal Reserve to keep the rates unchanged at 5.25-5.50 per cent in their next meeting
According to the CME fed watch tool, 98 per cent of investors expect the US Federal Reserve to keep the rates unchanged