Rare Enterprises-backed Concord Biotech and regional jewellery brand N’ Jewellers have received capital markets regulator Sebi‘s go-ahead to raise funds through initial public offerings (IPOs). The two companies filed their preliminary IPO papers with the capital markets regulator between August and September and obtained their observation letters during November 28-December 2, an update with the … Read more
New Delhi: Securities and Exchange Board of India (Sebi) is working on guidelines to regulate financial influencers on various social media platforms, including YouTube, Instagram and Twitter. The move from capital market watchdog comes after the increasing number of social media influencers on multiple social media platforms that advise and recommend trades without a license. … Read more
Mumbai: Some of the leading multinational banks have proposed to the Indian capital market regulator that the foreign exchange traders can begin the day early by an hour or so to enable a smooth settlement of stock trades by foreign portfolio investors (FPIs). A week ago they suggested a cut off time of 8/8:30 AM … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) has sent showcause notices to top employees of the National Stock Exchange (NSE) in connection with the glitch that halted trading on February 24, said people with direct knowledge of the matter. This is the first time the capital market regulator has held exchange employees personally … Read more
MUMBAI: Indian Railway Finance Corporation (IRFC) is likely to launch its initial public offering (IPO) by the end of this month to raise about Rs 4,600 crore, according to bankers. For the first time, the state owned company has made provisions for allotment to anchor investors – this will help garner much more value for … Read more
Snapping its two-day losing streak, the rupee rebounded by 5 paise and settled at 73.55 (provisional) against the US dollar on Wednesday, even as the domestic equity market was trading with significant losses. At the interbank forex market, the domestic unit opened at 73.67 against the US dollar, and finally ended the day at 73.55, … Read more
Mumbai: Real estate stocks rallied on Tuesday, backed by hopes of resumption of activity in the sector and the expectations of consolidation post Covid, which will reward stronger and established players. BSE Realty index was the top sectoral gainer, as it advanced 4.2 per cent. The index has risen 10.8 per cent over the last … Read more
New Delhi: Commerce and industry minister Piyush Goyal on Saturday said the government is working on reforms in the mining sector and attracting foreign direct investment (FDI) in sectors where it is constrained at present. “There are further reforms in mining and FDI in certain sectors where it is constrained. We will simplify processes and … Read more