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
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