Knowledge Realty Trust, a joint venture between Sattva Group and Blackstone, filed a draft prospectus with capital markets regulator Sebi to raise as much as Rs 6200 crore, which will be India’s largest REIT IPO. Knowledge Realty Trust will be the largest REIT in India in terms of net operating income (NOI) and gross asset … Read more
Raksha Bandhan is the most auspicious and most celebrated brother-sister festival in India. This year, Rakhi will be celebrated on August 19, 2024. Though traditional gifts like cash, clothes and jewellery are the favourite gift choices for sisters, many financial experts feel that gifting investment tools, such as fixed deposits, mutual funds, and others, can … Read more
Mirae Asset Investment Managers has announced the withdrawal of the existing temporary suspension on subscription through the Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), switch-ins & lumpsum in Mirae Asset Large and Midcap Fund (‘the Scheme’) and enabling other facilities from August 1, 2024. The fund will resume accepting subscriptions through Systematic Investment Plans … Read more
Sebi chairperson Madhabi Puri Buch on Friday said the capital markets regulator is “compelled” to warn against speculative bets in the futures and options (F&O) segment because it has become a “macro issue”, affecting the broader economy now. Household financial savings are going into the speculative bets, belying the expectations of being used for capital … Read more
New Delhi: A fresh set of ‘alert indicators’ have been issued by India’s financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing regime. These new guidelines have been … Read more
Amidst the vibrant ambiance of the Indian Options Conclave 5.0, Vivek Bajaj, a seasoned industry veteran with nearly two decades of experience in capital markets, shared his profound insights into the concept of ‘Momentum Investing.’ Against the backdrop of the event’s theme, “Traders Mahakumbh,” Bajaj captivated the audience with his innovative approach to navigating the … Read more
Mumbai: The rupee Wednesday closed at its strongest level versus the US dollar in six months as disappointing American economic data caused the greenback to weaken globally while overseas investors deployed funds in local capital markets. The domestic currency settled at 82.83 per US dollar on Wednesday, its strongest closing level since September 4, 2023, … Read more
Mumbai: The Securities Appellate Tribunal has set aside a Securities and Exchange Board of India’s (Sebi) order barring former NDTV promoters Prannoy Roy and Radhika Roy from the capital markets for a period of two years for alleged insider trading. “The impugned order passed by the WTM dated November 27, 2020, against Prannoy Roy and … Read more
Piramal Pharma has received capital markets regulator Sebi’s go-ahead to raise up to Rs 1,050 crore through rights issue of shares. The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In … Read more
“We believe India remains an ocean of outperformers in terms of economic growth. With a massive increase in per capita consumption of just about every product and service expected going forward, one can do best to bet on India at this point,” says Siddharth Oberoi, Founder of Prudent Equity.In an interview with ETMarkets, Oberoi who … Read more