“I would assume that the process would be I am sure many people in the industry who would benefit. The model will get to undergo a change and those representations would be received by the regulatory authorities and post that again they will go for a consultation,” says A Balasubramanian, MD & CEO, ABSL AMC. … Read more
The government is planning to come out with an initial share sale offer for up to 25 per cent stake in Indian Renewable Energy Development Agency (IREDA) and is looking for merchant bankers to manage the process. The Department of Investment and Public Asset Management (DIPAM) on Monday invited bids from category-I Sebi registered merchant … Read more
Mumbai: The capital market authorities are understood to be examining a ‘pledge-repledge mechanism’ to meet the twin objectives of ring-fencing unused investor money lying with the stock brokers while simultaneously letting them earn from the float. Since earnings from unutilised money of clients comprise a significant part of the income of many brokers, there has … Read more
What happens when the entities falling under too big to fail, fail? The US banking crisis initiated by the Silicon Valley Bank’s (SVB) crash has overwhelmed other market drivers. The shift in the momentum across all asset classes from bonds to equities to precious metals to currencies was swift and prompt as it was further … Read more
The Reserve Bank of India’s project to shore up foreign currency reserves would be hampered by as foreign portfolio investors offload their investments in the Indian capital markets in the hunt of better returns from US bonds, pushing the central bank to sell dollars to ease currency volatility, experts said. Excluding the $1.9 billion lumpy … Read more
Mumbai: Recent regulatory push for companies to borrow through corporate bonds has reduced reliance on banks for finance and deepened the capital market, rating agency India Ratings and Research (Ind-Ra) said on Thursday. While high-rated borrowers would continue to scout for the cheapest sources of funding, it will ultimately be a function of the capital … Read more
Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company specific issue. She said banks and insurance companies are “not overexposed” to any one company and assured that … Read more
(As part of a Budget special series by ETMarkets.com, we reached out to money managers seeking their perspective on Budget 2023 with a simple question: What if I were the Finance Minister of India) As the finance minister of India, I would take several steps that can be taken to improve the country’s economic situation. … Read more
A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations that are seen as still comparatively cheap. The S&P 500 energy sector is up 4.2% year-to-date, slightly lagging the rise for the broader index. The sector … Read more
“There are no two thoughts about it. Everybody is agreeing how equity investors are going to make it. So one has to believe in equities and it is a proven thing to make long-term wealth. There is nothing like equity. I think it is going to be a wonderful year from that perspective,” says Porinju … Read more