Deepak Korgaonkar &Amp;Amp; Samie Modak

Stories by Deepak Korgaonkar &Amp;Amp; Samie Modak

Disclosing every loan default is now mandatory for listed firms

Disclosing every loan default is now mandatory for listed firms

Rediff.com   21 Nov 2019

Sebi has now said any default of payments of interest or principal on loans taken from financial institutions, including banks, will have to be disclosed if it continues beyond 30 days.

Fund mobilisation via QIPs in 2019 is the 2nd-highest in five years

Fund mobilisation via QIPs in 2019 is the 2nd-highest in five years

Rediff.com   13 Nov 2019

In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route.

As IPOs succeed, investors win big on primary market

As IPOs succeed, investors win big on primary market

Rediff.com   15 Oct 2019

Out of 11 companies that got listed in 2019, nine have outrun the market by gaining more than 10 per cent against their respective issue price.

FPIs withdraw $3 billion in Q3, most in nearly three years

FPIs withdraw $3 billion in Q3, most in nearly three years

Rediff.com   2 Oct 2019

Despite the 3 per cent gain in September 2019, the FPI sell-off during the quarter has seen the benchmark indices - the S&P BSE Sensex and the Nifty 50 register negative returns in Q3CY19.

Analysts unanimous: Corporate earnings, Sensex set to zoom

Analysts unanimous: Corporate earnings, Sensex set to zoom

Rediff.com   23 Sep 2019

Market players say following the tax cuts, the market mood had changed from bearish to positive, which should help sustain the rally.

Anil Ambani's Reliance Capital inches closer to exiting MF biz

Anil Ambani's Reliance Capital inches closer to exiting MF biz

Rediff.com   11 Sep 2019

Close to 21.5 per cent of this will be sold to Japan's Nippon Life, which will then become the sole promoter of the fund house.

At Rs 11,000 cr, July's FPI pullout highest in 9 months

At Rs 11,000 cr, July's FPI pullout highest in 9 months

Rediff.com   1 Aug 2019

After turning net buyers for the fifth straight month till June, foreign portfolio investors (FPIs) withdrew a net of Rs 11,743 crore ($1.7 billion) in July. This was their highest outflow since October 2018.

MFs witness sizeable churn due to corporate defaults

MFs witness sizeable churn due to corporate defaults

Rediff.com   30 Jul 2019

Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced.

Nearly a quarter of listed stocks on the BSE trade below face value

Nearly a quarter of listed stocks on the BSE trade below face value

Rediff.com   30 Jul 2019

Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.

Inflow of $25-billion foreign cash riding on three key FPI proposals

Inflow of $25-billion foreign cash riding on three key FPI proposals

Rediff.com   26 Jul 2019

These include increasing the public float in listed companies to 35 per cent from 25 per cent, increasing the minimum statutory limit for FPI investment in a firm from 24 per cent to the sectoral foreign investment, and lowering government holding in listed public sector undertakings.

Falling car sales reflects in Nifty Auto's 3-year low

Falling car sales reflects in Nifty Auto's 3-year low

Rediff.com   20 Jul 2019

An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.

Mid- and small-cap stock indices not yet out of the woods

Mid- and small-cap stock indices not yet out of the woods

Rediff.com   10 Jul 2019

The proposal to increase public float, hike income tax surcharge, move to tax share buybacks and lack of stimulus to shore up economic growth has hurt investor sentiment.

More bad news from Deutsche Bank; its investment arm to quit India

More bad news from Deutsche Bank; its investment arm to quit India

Rediff.com   9 Jul 2019

The beleaguered Deutsche Bank announced major overhaul of its business, which included discontinuing loss-making equities trading business, creating a new 'bad bank', and cutting 18,000 jobs. Deutsche Equities India employs 35 people, all of whom could face the job axe.

SAT stays Sebi's order asking Prannoy, Radhika to step down from NDTV

SAT stays Sebi's order asking Prannoy, Radhika to step down from NDTV

Rediff.com   19 Jun 2019

The tribunal, while adjourning the matter for September 16, directed Sebi to file a reply and gave three weeks to the Roys to file a rejoinder.

What Dalal Street expects from Modi2

What Dalal Street expects from Modi2

Rediff.com   10 Jun 2019

Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.

FPIs pumped in nearly $11 bn in equity markets till May

FPIs pumped in nearly $11 bn in equity markets till May

Rediff.com   5 Jun 2019

Foreign investors, according to them, will now wait-and-watch how the economy takes shape in the backdrop of doubts over monsoon, interest rate trajectory and other global events such as the US - China trade war.

Why RBI will most certainly cut rate on June 6

Why RBI will most certainly cut rate on June 6

Rediff.com   3 Jun 2019

There is a near consensus that at least a 25 basis points cut, if not 50, can be expected in the June policy.

BSE500 companies sitting on a huge cash pile

BSE500 companies sitting on a huge cash pile

Rediff.com   6 May 2019

75 companies can dole out Rs 1.1 trillion from the 'extra cash' to shareholders.

Why NSE deferred announcement of FY19 results

Why NSE deferred announcement of FY19 results

Rediff.com   6 May 2019

NSE's board was to approve on Friday the annual financial statement for the year ended March 31, 2019, but it decided to defer the matter till its legal team firmed up a view on Sebi's order, sources said.

Why NSE is likely to cap Nifty's sector weights

Why NSE is likely to cap Nifty's sector weights

Rediff.com   4 May 2019

Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.