Rishi Anand, MD & CEO, Aadhar Housing Finance, says the timing of the election, as their bankers have suggested, does not matter too much. So, they have gone ahead with the listing. In the entire context of getting Sebi approval for IPO in 2022 and not going ahead with it and then coming back with … Read more
The corporate earnings scorecard for 4QFY24 has been in line so far. The earnings spread has been decent, with 70% of our Coverage Universe either meeting or exceeding profit expectations. However, growth has primarily been led by the BFSI and Automobile sectors. The earnings growth was fuelled by the domestic cyclicals, such as BFSI and … Read more
Mutual fund KYC norms: Capital market regulator SEBI from April 1 brought in fresh regulations for KYC process for mutual fund account holders. Under the new norms, asset management companies (AMCs) will have to update KYCs of mutual fund subscribers with Aadhaar and PAN. This directive is applicable to both new and old mutual fund … Read more
Mutual fund investments are getting frozen due to non-compliance with the Know Your Customer (KYC) norms. Recently, many investors’ mutual fund accounts were flagged because they had not redone their KYC by April 1. Sebi initiated this action due to revisions in the list of officially accepted documents (OVD). Previously, bank statements and bills were … Read more
Mumbai: More than half a dozen foreign portfolio investors (FPIs) that owned substantial stakes in Adani Group firms are looking to settle securities violation matters with markets regulator Sebi, said people familiar with the matter. They have agreed to pay a certain amount as fines, the people said. The legal representatives of eight FPIs – … Read more
MUMBAI – Concerns over high valuations in the smallcap universe seems to have ebbed as stocks rallied in the week gone by and outperformed benchmarks by a wide margin. As many as 400 smallcap stocks gave double-digit returns of upto 52% in the week ended April 5, data by Ace Equity showed. Of these 400 … Read more
Mumbai, The National Stock Exchange (NSE) is awaiting approval from capital markets regulator Sebi to kickstart the initial public offering process, its MD and CEO Ashishkumar Chauhan said on Thursday. The NSE‘s listing plans have been on the backburner amid a Sebi probe against the exchange and some of its top officials. It was alleged … Read more
The pressing question on the top of investors’ minds: Will the recent turmoil in small and midcaps, caused by increasing Sebi oversight and regulatory overhang, morph into a manic price correction in the broader space? Or will it be another transient stumble that will subside soon? First, a bit of context on the recent correction, … Read more
SEBI, the regulatory authority in India, is stepping up its oversight of small-cap funds. They’re now seeking information from individual asset management companies (AMCs) regarding the sale of these funds to super senior citizens. This move aims to ensure greater protection for elderly investors. The news was initially covered by Mint. Investment advisors suggest that … Read more
The Securities and Exchange Board of India plans to ask companies floating draft papers for initial public offering to also make an audiovisual representation of the disclosures in the prospectus. The capital market regulator has sought public comments on the same by April 9. Currently, companies who plan to raise capital through a public issue … Read more