Page 7 - Stock Exchange

Bourses get Sebi's approval to launch derivatives on bond indices

Sebi's decision is aimed at enhancing liquidity in the bond market. It will also give an opportunity to investors to hedge their positions

Radiant Cash Management shares debut with 10% premium over issue price

Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45. At the NSE, shares of the company made its debut at Rs 103, higher by 9.57 per cent. The company commanded a market valuation of Rs 1,090.02 crore on the BSE in initial trade. The initial public offer of Radiant Cash Management Services was subscribed just 53 per cent last month. The Rs 388-crore initial share-sale had a price range of Rs 94-99 a share. In the broader market, the BSE benchmark was trading 409.93 points or 0.67 per cent lower at 60,884.27. Radiant Cash Management Services (RCMS) was founded in March 2005. The company's clients include foreign, private, and public sector banks, and the end-user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insuran

Will Sebi's latest decisions enhance value for shareholders?

Sebi has approved the phasing out of buybacks through the stock exchange route and chalked out mechanisms for addressing lapses at market infrastructure institutions. How will it affect shareholders?

Sebi to gradually phase out share buyback through stock exchange route

Markets regulator Sebi on Tuesday decided to gradually phase out buyback of shares by companies through the stock exchange route and also approved steps to boost governance at stock exchanges and other market infrastructure institutions. These were among the proposals approved by Sebi board during its meeting on Tuesday. Sebi Chairperson Madhabi Puri Buch said the regulator has chosen the tender offer route for share buyback as the present mode is vulnerable to favouritism. "This is a glide path and will lead to the phasing out of the present buyback mode (through stock exchange route)," she told reporters here. Currently, for share buyback, companies have both the options of stock exchange and tender offer. Besides, Sebi board has decided to reduce time taken for registration of FPIs to facilitate ease of doing business. Norms will also be amended to facilitate sustainable finance in the country and curb 'greenwashing'.

Not part of any negotiations': UTI AMC on Tata acquisition reports

There were similar reports in August 2022 and UTI AMC had then denied having any knowledge about it

Finfluencers: Sebi's lost battle

The size, activity, and influence of these people have become so large that Sebi's onerous regulations for registered advisors look hopelessly ineffective, and those who follow them feel like losers

NDTV shares continue to rally for the fifth day, surge nearly 25%

This is the fourth straight day that the stock has hit the upper circuit, BSE data showed

Fewer active investors even as benchmark indices hit record highs

Market volatility and lacklustre 1-yr returns weigh on activity

Sebi panel proposes shareholder pay buyback tax: Check details here

The sweeping proposals are part of a consultation paper floated by Sebi on which comments from the stakeholders have been sought till December 1

Firms pre-filing for IPOs may get to market to institutional investors

New clause to help issuers gauge institutional investor demand

Markets to track inflation data, global factors this week: Analysts

Inflation data, global trends and foreign fund trading activity are the major factors that would drive the domestic equity market this week, said analysts. The last batch of the ongoing quarterly earnings would also influence trading, they added. Unabated foreign fund inflows and a rally in global equities drove the equity benchmarks higher on Friday. The 30-share BSE benchmark Sensex on Friday zoomed 1,181.34 points or 1.95 per cent to settle at 61,795.04 -- surpassing its previous closing peak of 61,765.59 hit on October 18, 2021. "The sentiment will continue to be driven by the movement of the world markets. The market will be keeping an eye on our domestic inflation statistics," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Ajit Mishra, VP - Research, Religare Broking Ltd, said, participants will be eyeing crucial macroeconomic data -- CPI and WPI inflation for cues. Besides, the performance of global indices and foreign flow trends will also remain on

German PE firm acquires 80% stake in Mahindra-owned Peugeot Motorcycles

The Munich-based private equity holding company has a portfolio of 32 companies and has a presence across Europe

Shriram Group merger gets NCLT nod; new entity to take birth by Nov-end

The group is preparing to announce the birth of the new entity called Shriram Finance by the third week of November

Dhanlaxmi appoints 3 new directors in board, paves the way for rights issue

The bank management and shareholders have reached compromise formulae on the issue of appointing the latter's representatives as directors on the bank's board

AirAsia exits AirAsia India, sells 16.33% stake to Air India for Rs 156 cr

Malaysian carrier's India foray ends after eight years; Tatas are working to merge AirAsia India with low-cost service Air India Express

BSE gets SEBI's approval to set up a separate social stock exchange

In July, SEBI notified rules for Social Stock Exchange (SSE) to provide social enterprises with an additional avenue to raise funds

Running accounts Settlement: New Sebi guidelines in motion from Friday

However, industry experts feel that with tighter rules, brokerages will need to have higher working capital and will involve operational risk of transferring large amounts

CCI gives conditional nod to Zee-Sony merger, formal order awaited

Sony and Zee confirm development, say awaiting remaining regulatory approvals

Govt issues draft guidelines for RRBs listing; minimum net worth Rs 300 cr

In a bid to enable regional rural banks (RRBs) to raise resources by listing on stock exchanges, the government has issued draft guidelines that set certain basic criteria, including net worth of at least Rs 300 crore during the previous three years. They should also have capital adequacy above the regulatory minimum level of 9 per cent in each of the preceding three years. The RRBs should have a track record of profitability and earned operating profit of minimum Rs 15 crore for at least three out of the previous five years, according to the draft guidelines issued by the finance ministry recently. Besides, there should not be any accumulated loss and the lender should have given return on equity of minimum 10 per cent in three out of the preceding five years, it said. As per the draft norms, the responsibility of identifying suitable lenders for issuing initial public offering (IPO) has been left with the respective sponsor banks. The sponsor bank would take into account the ...

China's real estate crisis: CCB to set up $4.2 bn fund to buy properties

The fund will "invest in existing assets" of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday.