With the inclusion of India’s government securities (G-Secs) in the global bond index, there could be a huge inflow of FPI money, says Abhijit Roy, CEO of GoldenPi. In an interview with Navneet Dubey of BT Money Today, Roy delves into the intricacies of G-Secs, emphasising why they now present an opportune moment for investors to consider … Read more
Mumbai: Domestic and European banks have started regular talks with the Clearing Corporation of India (CCIL) to build structures needed for third-party clearing of government bonds and derivatives, paving the way for starting trades worth billions of dollars that may otherwise have stalled due to a stand-off between the regulators home and away. “Banks and … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) has issued a show-cause notice to Khushru Jijina, director of Piramal Fund Management, and his wife Binaifer Jijina, alleging violation of insider trading regulations in the purchase and sale of shares of Piramal Enterprises (PEL), sources told ET. The show-cause notice was issued to the Jijinas, … Read more
Mumbai: Companies planning initial public offerings (IPOs) may get some leeway in converting their pending warrants and special class shares. The regulator plans to relax the pre-IPO requirement of conversion of all outstanding shares at companies opting to file papers under the proposed confidential filing framework, people with direct knowledge of the matter said. In … Read more
The Securities and Exchange Board of India(Sebi) has proposed to bring online bond platforms that are selling listed debt securities under its regulatory framework. At present, debt securities can be issued either through a public issuance or on private placement basis. A public issue of debt securities is made through the online system of the … Read more
Kolkata: Suryoday Small Finance Bank has raised Rs 170 crore from 13 anchor investors, including Axis Mutual Fund Trustee, ICICI Prudential Life Insurance Company and Goldman Sachs, at Rs 305 per equity share – the upper band of the IPO price. The allocation covered 29% of the IPO size and 68.4% of the total fresh … Read more
NEW DELHI—Investors across the globe are hoarding gold in the Covid-19 pandemic. In normally gold-obsessed India, there’s a glut, as struggling families stop buying and start hocking jewelry. International investors have lifted the price of gold to all-time highs this year, trying to get their hands on more gold coins, bars and exchange-traded funds. Many … Read more
WELLINGTON, New Zealand—New Zealand activated its National Security System in response to a prolonged cyberattack that disrupted trading on the country’s stock exchange this week. Trading on New Zealand’s securities market was halted for a fourth day on Friday by a denial of service attack that NZX Ltd., the exchange’s operator, said came from overseas. … Read more