NEW DELHI: Continuing their selling spree for the sixth straight month, mutual funds pulled out Rs 30,760 crore from equities in November on profit booking and experts believe the outflow trend will continue unless there is correction in markets. With this, net withdrawal by mutual funds (MFs) has reached to over Rs 28,000 crore in … Read more
MUMBAI: Shares of mining firm Vedanta hit the lower circuit as they tumbled 10 per cent on Monday, after its delisting offer failed to garner enough bids on the bourses. Vedanta shares were down 9.99 per cent at Rs 109.90 on the BSE, while benchmark Sensex was up 324.14 per cent at 40,879 points. The … Read more
Saudi Arabia’s Public Investment Fund (PIF) and Abu Dhabi Investment Authority (ADIA) are likely to invest about $500 million (Rs 3,700 crore) each to acquire a total 51% in the infrastructure investment trust (InvIT) structure formed by Reliance Industries Ltd (RIL) to monetise its fibre optic network assets, said people aware of the matter. Over … Read more
Investors and brokers have been grappling with the chaos triggered by the implementation of the new norms on pledging and unpledging of shares introduced by the Securities and Exchange Board of India (Sebi). ET takes a look at what caused the confusion and the ensuing events: What is the new pledge system?Sebi recently introduced a … Read more
New Delhi: Emerging investment instrument REIT seems to be finally catching investors’ fancy, with mutual funds investing a whopping Rs 735 crore in such units in the first six months of 2020, nearly three-fold jump from the year-ago period. However, mutual funds’ investment in infrastructure investment trusts (InvITs) dropped by 8 per cent to Rs … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) said on Wednesday it has decided to extend the regulatory measures to curb volatility up to September 24, after reviewing the current situation with respect to Covid-19 pandemic. “On review of the COVID-19 pandemic related situation, it has been decided that the regulatory measures introduced vide … Read more
Mumbai: The government on Wednesday extended the Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi’s term by 18 months. “The Appointments Committee of the Cabinet has approved the extension of term of appointment of Shri Ajay Tyagi (HP:1984) as Chairman, Securities and Exchange Board of India (Sebi) by a further period of 18 … Read more