An Overview India will take six months to establish guidelines permitting companies to list on foreign exchanges, taking longer than some had anticipated as the finance ministry works out tax difficulties as per reports. The delay is expected to dampen the aspirations of investors as well as many Indian entrepreneurs, who pushed Prime Minister Narendra …
The proposed cryptocurrency legislation in India has been tabled before the Cabinet, the finance Minister has noted on Monday, according to reports. The approval of the Cabinet is being awaited, the minister added. Following the Cabinet nod, the Bill may come up for discussion in the next session of Parliament. Earlier, a panel was constituted …
The IPO frenzy of 2021 continues to take the stock market by storm. Keeping the buzz alive, recently, more than 8 companies have filed their DRHP with the market regulator, SEBI. To elaborate, CMS Info Systems, Latent View Analytics, Ixigo, Go Colors, Tracxn Technologies Ltd, Paradeep Phosphates, and Prudent Corporate Advisory Services have filed their …
Capital markets regulator SEBI has decided to mark a lien in demat accounts against shares of those who take part in tender offers that are made after securities are delisted or on open and buy back offers. Lien is the lender’s right to recover what is lent if the credit given to a borrower is …
An Overview On August 25, Finance Minister Nirmala Sitharaman will meet with heads of public sector banks (PSBs) to assess the institutions’ financial performance and progress in supporting the economy hit by the pandemic outbreak. The meeting with the MDs and CEOs of PSBs is regarded as crucial because of the banking sector’s relevance in …
A Brief Overview Of the country’s ten most valued companies, eight saw their market valuation surge by a total amounting to INR 1,60,408.24 Crores in the past week. Tata Consultancy Services and Reliance Industries Limited led the way and contributed the most during this bullish market wave. The second week of August also saw a …
An Overview At the aggregate level, companies reported exceptional sales and profit growth in the June quarter, rebounding from a poor base in the previous quarter, which was tarnished by a rigorous lockdown during the first wave of the pandemic. However, growing input costs put a strain on profitability. Furthermore, regional lockdowns caused by the …
An Overview After two months of net selling, foreign portfolio investors (FPIs) turned net purchasers in June, injecting a net Rs. 12,714 crore into Indian markets. In May, foreign investors withdrew Rs. 2,666 crore, while in April, they withdrew Rs. 9,435 crore. FPIs invested Rs. 15,282 crore in equities between June 1 and June 25, …
The BSE has rolled back some of the steps that it had proposed on Monday (August 9), which were aimed at curbing severe price moves in certain small and mid cap stocks. The stock exchange went easy after there was a steep sell-off in the broad market indices. On Thursday, the BSE clarified that the …
An Overview A notification from India’s largest exchange has done something similar to what an economic uncertainty, a weak currency, and multiple waves of pandemic has done. The rampant surge in mid- and small-cap stocks has been effectively halted by a BSE circular issued on Monday. BSE has reinforced existing surveillance mechanisms in its “effort …
