Geopolitical clashes, not economic cycles, now drive market volatility: Viktor Shvets

Geopolitical clashes, not economic cycles, now drive market volatility: Viktor Shvets

“We exited a lot of the risk to outside the system, outside economic systems, I should add. So, in other words, it is much more in the politics, in polarisation, in geopolitics,” says Viktor Shvets, Macquarie Capital.Nikunj Dalmia: Let me start with a very basic question. What is your view of the world given that … Read more

Should investors bet on ICICI Bank stock? Vinay Rajani answers

Should investors bet on ICICI Bank stock? Vinay Rajani answers

“It is not for the intraday or one or two-days trade, but positionally if we were to see, they are likely to do well in the coming times and overall capital market theme is likely to do well from here,” says Vinay Rajani, HDFC Securities.Well, the market is very sideways. The action is really in … Read more

Targeting 7%+ growth for next 2 decades: DEA secretary

Targeting 7%+ growth for next 2 decades: DEA secretary

New Delhi: India isn’t looking for a short burst of accelerated economic growth but a sustained expansion rate of over 7% for at least the next two decades, which requires a whole “reimagining” of its financial sector, economic affairs secretary Ajay Seth said on Tuesday. Delivering the valedictory speech at a Confederation of Indian Industry … Read more

SME market like a casino? Sebi should talk it down & regulate only in case of fraud: Sunil Subramaniam

SME market like a casino? Sebi should talk it down & regulate only in case of fraud: Sunil Subramaniam

Sunil Subramaniam, Market Expert, says that speculation is part of a healthy capital market. It is only when you have these speculative entities like these people come in, that there is liquidity in the market. But if you regulate them and take them out, overall as a market, the liquidity is going to shrink. Should … Read more

Bank of Baroda may raise up to Rs 5,000 crore through infra bonds in coming days

Bank of Baroda may raise up to Rs 5,000 crore through infra bonds in coming days

Bank of Baroda is likely to raise up to Rs 5,000 crore through the issuance of infrastructure bonds in coming days, as the state-owned lender looks to garner long-term funds amidst firm demand for credit. The bank may conduct the debt sale on September 6, with the issuance likely to have a base size of … Read more

SME IPOs: Why tighter norms are needed for merchant bankers & social media

SME IPOs: Why tighter norms are needed for merchant bankers & social media

Ashvin Parekh, Managing Partner, Ashvin Parekh Advisory Services, says we will have to get to a point where the regulator, merchant bankers, and the issuers themselves to start with, and thereafter, the media, social media particularly, will have to play a significant place. Otherwise, what was intended to be a good reform because of the … Read more

Adani to return to equity market with transmission business share sale, sources say

Adani to return to equity market with transmission business share sale, sources say

Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday. The sale of existing shares will be Adani Group’s first fundraise from equity markets after a $2.5 billion share sale … Read more

Union Budget 2024: India should have no capital gains tax, says Chris Wood of Jefferies 

Union Budget 2024: India should have no capital gains tax, says Chris Wood of Jefferies 

When Finance Minister Nirmala Sitharaman presents the Union budget later this month, one thing investors, taxpayers, corporates, and mutual fund houses will be keen to know will be changes in the capital gains tax structure. Currently, the capital gains tax system lacks uniformity, leading to varying tax burdens for investors based on the type of … Read more

Sebi puts SK Finance’s Rs 2,200-cr IPO in abeyance

Sebi puts SK Finance’s Rs 2,200-cr IPO in abeyance

Capital markets regulator Sebi has kept in ‘abeyance’ the proposed initial share sale of vehicle finance and business loan-focused non-bank lender SK Finance. Without disclosing the reason, Securities and Exchange Board of India (Sebi) said “issuance of observations (has been) kept in abeyance” with regard to the IPO of SK Finance, an updated showed on … Read more

CAMS aims to be both payment aggregator & gateway, expand into education: MD

CAMS aims to be both payment aggregator & gateway, expand into education: MD

Anuj Kumar, MD & CEO, CAMS, says at the CAMS level, they have about 75% share in net equity sales, which is a very strong foundational metric to see which way overall assets are heading and combined with their investment in technology, talent and overall in risk and compliance kind of dimensions, they are poised … Read more