An Overview The rise in corporations reporting scams in tandem with an increase in retail investors’ interest in stocks is a worrisome trend that needs to be addressed, according to SEBI’s whole-time member SK Mohanty. According to Mohanty, 65 percent of companies have detected fraud this year. Simultaneously, they have over 1.5 crore new retail …
As per the report published by Edelweiss, the shares of 13 companies have been upgraded from the mid-cap category to the large-cap category. Amongst those are the recently listed food aggregator Zomato, online payment service provider Paytm, e-commerce company Nykaa and the insurance aggregator Policy Bazaar. Apart from that, the research report also mentioned about …
Financial markets regulator SEBI on Wednesday released a circular in which the minimum limit on trading of corporate bonds and commercial papers on RFQ platform has been increased. Mutual Funds will soon require to trade at least 25 pc of corporate bonds and 10 pc of commercial papers via RFQ arrangement organised by exchanges. What …
An Overview The financial consequences of the second wave of the pandemic is likely to be minimal, according to the finance ministry, and there are evident signs of economic regeneration. According to the finance ministry’s latest Monthly Economic Review, “strong rebound in tax receipts buffers the financials toward meeting the budgeted support to the economy.” …
The Budget 2022, which was presented in the Parliament, brought about various changes in the tax slabs, which included a hike in the standard deduction and the exemption limit. While none of these was mentioned in the budget speech, the Finance Minister got something else instead. Honourable FM Nirmala Sitharaman said that the government will …
PLI’s Contribution In Improvement Of Financial System And Economic Development The Reserve Bank of India (RBI) governor Shaktikanta Das stated on Wednesday that while India’s financial system is growing and economic development is improving, the coronavirus has had an unequal impact on Indians, which must be addressed for long-term, inclusive progress. The RBI governor also …
An Overview India’s capital markets regulator is widening its net in order to catch the country’s more sophisticated stock market violators. While SEBI had previously relied on information and tips from exchanges and brokers to prosecute cybercrime, the domestic stock market’s continued growth indicated that this means we’re no longer capable of creating solid cases …
As of 5 pm on 6 August 2021, the final bidding day, Windlas Biotech’s public issue was subscribed 22.40 times. The company’s initial public offering received bids for 13,78,54,260 shares, whereas the total number of reserved shares was 61,36,252. Windlas Biotech is one of the leading players in India’s pharmaceutical formulations contract development and manufacturing …
The Securities and Exchange Board of India (SEBI) has responded to consumer feedback by easing the Know Your Customer (KYC) requirements for mutual fund (MF) investors, both residents and non-resident Indians (NRIs). This, revealed in a communication from SEBI to industry participants, aims to address various challenges faced by investors in complying with KYC norms. …
The Government has slashed the Windfall Tax on petroleum crude to Rs.5,700 per metric tonne from Rs.8,400 per metric tonne, Earlier on May 1 from Rs.9,600 per metric tonne to Rs.8,400 per metric tonne. What is Windfall Tax A windfall tax is a tax levied by governments against certain industries when economic conditions allow those …
