An Overview According to a group of experts, India should postpone a plan to decrease stock transaction settlement times since it increases the danger of local brokerages defaulting and reduces the country’s appeal to international investors. The Securities and Exchange Board of India, India’s capital market regulator, has proposed allowing stock exchanges to offer next-day …
Capital markets regulator SEBI is reportedly deliberating on the issue of transitioning from the long-held promoter concept to controlling shareholder idea. Reports say that SEBI plans to deliberate with the RBI, the Ministry of Corporate Affairs, and insurance regulatory and development authority IRDAI so as to come up with a framework on the issue. Thus …
Software firm Freshworks on Wednesday became the first Indian SaaS firm to get listed on Nasdaq, the American stock exchange when it launched a $1-billion-dollar initial public offering. The company is a software-as-a-service firm and is based in San Mateo, California although it has a significant staff in Chennai. The Indian SaaS company’s debut on …
An Overview Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the purchase of the Andhra Pradesh government’s remaining 10.4 percent share in Gangavaram port for Rs. 645 crore. “The boards of directors of APSEZ and GPL have also approved the merger of GPL and APSEZ, based on GPL’s valuation of Rs 120 per …
Popular fintech startup Mobikwik has filed its DRHP with the Securities and Exchange Board of India. The company has further mentioned its reservation of 7% equities for employee stock options. ADIA (Abu Dhabi Investment Authority) earlier valued the startup at $700 million. This came after the company raised $20 million in June. The startup says …
India’s leading ecommerce platform for used vehicles, Cars24, has raised $450 million in new funding round, nearly doubling its valuation to $1.84 billion. This includes a $340 million Series F equity funding round and a $110 million one from multiple financial institutions. The funding rounds were led by SoftBank Vision Fund 2, Falcon Edge, and …
SEBI pulled up 8 entities for fraudulent trading practices on Monday. The entities were involved in buying and selling of Videocon shares in reversal and synchronised trades that affected the market value of these stocks. Here are the details of the same! Key Highlights Regarding Penalisation of 8 Entities The 8 entities which SEBI has …
4 of India’s 10 most valued businesses have added a massive Rs. 65,464 crores to their market valuation over the past week. Out of these 10 companies, telecom giant Bharti Airtel and State Bank of India have been frontrunners. These two giants have emerged to be the biggest winners over the last trading week. As …
On 20 September 2021, Monday, Kotak Mahindra Bank revealed that it would buy a 9.98% stake in Hyderabad-based KFin Technologies. The financial institution will fund the deal via a cash consideration of approximately Rs. 310 crores. That said, this transaction is contingent on the usual closing conditions. As per reports, the deal is likely to …
The RBI deputy governor, M Rajeshwar Rao, has laid stress on the importance of bringing green finance into focus. As per news reports, the RBI deputy governor noted that there was a need to consider environmental impact in the commercial lending space. As part of the RBI’s deputy governor’s address reported in the media, he …
