India is well on its way to becoming one of the leading markets in terms of the fintech landscape, with more than 2100 fintech firms in operation, according to a statement made by the country’s Commerce and Industry Minister at the Global Fintech Fest 2021. What exactly is fintech? Fintech is the intersection of technology …
As per ET Intelligence Group, whistle-blower complaints in India’s leading companies have fallen by more than a quarter in FY2021. An analysis of annual reports of nearly half of Nifty-50 companies revealed that these companies received a total of 3902 whistle-blower complaints during 2020-2021, down 27% year-on-year. In addition, the study found that the number …
On Wednesday, 29 September 2021, private sector financial institution IndusInd Bank declared the acquisition of 50,00,000 pledged McLeod Russel India Ltd. (MRIL) shares. These 50,00,000 shares comprise about 4.79% of McLeod Russel’s paid-up capital in terms of equity shares. Ichamati Investments Ltd had earlier pledged MRIL’s equity shares to IndusInd Bank to secure the tea …
India’s capital market regulator SEBI is now receiving applications from foreign funds to postpone its move to the T+1 settlement cycle. Three prominent fund lobby groups, Asian Securities Industry and Financial Markets Association (ASIFMA), Investment Association of UK, and Hong Kong-based Traders Forum, have sent a joint letter to the Chairman of SEBI, Mr Ajay …
Humans have learned to adapt and live a decent life over the years. What was considered impossible a century ago is considered to be impossible to live without now. India is a developing country, and the proof of the same is seen in the drastic increase in the life expectancy of Indians. While the life …
An Overview Because of internal reasons such as increased rates on government securities and a higher cut-off established by the central bank at a reverse repo auction amid poor demand from investors, yields on corporate bonds, T-bills, and commercial papers are up 5-15 basis points across tenures. Bond yields in the United States have a …
The telecom sector will soon witness its second series of reforms, which will focus on creating and empowering mobile phone operators so as to touch the farthest corners of India and expand abroad, according to news reports citing statements by the Cabinet minister for IT and railways. The minister also noted that the pricing of …
On Wednesday, the Securities Board of Exchange India (SEBI) said that the ‘swing pricing’ method shall be introduced for all the open ended debt mutual funds. Gilt funds, overnight funds, and Gilt with 10-year maturity funds shall be excluded from this new application of swing pricing. SEBI’s circular further clarified that in the initial stage …
The Securities and Exchange Board of India (SEBI) has in its board meeting on September 28 given the green signal for a gold exchange in India by approving the framework for doing so. The move follows after the Finance Minister’s Budget announcement that the capital markets watchdog would act as a regulator for the gold spot …
Lava International files IPO papers with the market regulator SEBI to raise funds. As per the draft red herring prospectus (DRHP), the public offer will comprise fresh issuance of shares amounting to Rs. 500 crores. Additionally, it will consist of an OFS of 4,37,27,603 shares. Here’s more on this subject. Lava International IPO Composition and …
