Samie Modak &Amp;Amp; Khushboo Tiwari

Stories by Samie Modak &Amp;Amp; Khushboo Tiwari

Trent may replace Bajaj Finserv in Sensex rejig in December

Trent may replace Bajaj Finserv in Sensex rejig in December

Rediff.com   24 Sep 2024

Bajaj Housing Finance Ltd's impressive stock market debut has brought cheer to the 100-year-old Bajaj Group, but the conglomerate faces the prospect of Bajaj Finserv being removed from the benchmark Sensex index. According to market expectations, Trent, a Tata group-owned fashion retailer, is likely to replace Bajaj Finserv during the upcoming index rebalancing in December.

NRIs yet to fully warm up to GIFT City's higher FPI limits

NRIs yet to fully warm up to GIFT City's higher FPI limits

Rediff.com   20 Sep 2024

The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country's international financial services centre (IFSC). However, the Indian diaspora is yet to fully embrace this new route. The regulator allowed this route to enhance the fund ecosystem at GIFT City and attract genuine investments from overseas Indians.

Alternative investment funds: Rocket fuel for a $50 bn investment blastoff

Alternative investment funds: Rocket fuel for a $50 bn investment blastoff

Rediff.com   16 Sep 2024

Alternative investment funds (AIFs) - investment vehicles favoured by the affluent - have topped $50 billion (Rs 4.3 trillion) in total investments for the first time during the April-June quarter, according to the latest data from the Securities and Exchange Board of India. The industry's commitments have approached Rs 12 trillion ($140 billion), marking a 40 per cent increase over the past year. The amount raised and deployed stood at Rs 4.74 trillion ($56 billion) and Rs 4.32 trillion ($51 billion), respectively, the data shows.

BSE hoists the sails for Sensex's 'offshore' voyage

BSE hoists the sails for Sensex's 'offshore' voyage

Rediff.com   16 Sep 2024

Tasting success with the relaunch of Sensex derivatives in the onshore market, BSE is preparing for the 'offshore' debut of its 30-share index, which has become synonymous with the domestic markets. Sources in the know said that the India International Exchange (India INX), a subsidiary of BSE, received approval in July from the International Financial Services Centres Authority (IFSCA) to launch Sensex 30 derivatives contracts.

Bids Between Rs 2 Tn-Rs 3 Tn For This Week's 4 IPOs

Bids Between Rs 2 Tn-Rs 3 Tn For This Week's 4 IPOs

Rediff.com   10 Sep 2024

'There is no irrational exuberance when it comes to mainboard IPOs.' 'Most issues are by good quality businesses.'

'On Track For Best-Ever IPO Year In India'

'On Track For Best-Ever IPO Year In India'

Rediff.com   10 Sep 2024

During the first eight months of CY24, 50 IPOs mobilised Rs 53,453 crore.

Street Signs: F&O seismic shift, IPO fervour going strong, and more

Street Signs: F&O seismic shift, IPO fervour going strong, and more

Rediff.com   9 Sep 2024

With new eligibility criteria for futures and options (F&O) coming into effect, Jio Financial Services and Zomato are strong contenders for inclusion in the derivatives segment, according to an analysis by Nuvama Alternative & Quantitative Research. The report suggests that these new F&O inclusions could also propel these two companies into the benchmark National Stock Exchange Nifty 50 during the March rebalancing.

IPO Investors Sell IPO Shares In A Week!

IPO Investors Sell IPO Shares In A Week!

Rediff.com   7 Sep 2024

The greater the post-listing gains, the higher the number of investors looking to sell.

Sebi may notify tighter rules for F&O trade soon

Sebi may notify tighter rules for F&O trade soon

Rediff.com   5 Sep 2024

The Securities and Exchange Board of India (Sebi) is likely to notify soon stricter derivatives trading norms aimed at curbing speculative trading activity and curtailing losses of over Rs 50,000 crore incurred by retail investors every year. Based on the feedback received from industry participants, seven measures proposed by the market regulator in a consultation paper in July may be implemented with minor tweaks ahead of its forthcoming board meeting, said sources.

Sebi moves to ensure ease of FPI onboarding

Sebi moves to ensure ease of FPI onboarding

Rediff.com   4 Sep 2024

Markets regulator Securities and Exchange Board of India (Sebi) is stepping up efforts to ease the onboarding of foreign portfolio investors (FPIs) and has constituted a cell for consultations with offshore investors and custodians, said whole-time member Ananth Narayan. Sebi is also working to make regulations more "light-touch" for FPIs that invest exclusively in government securities or are sovereign funds. The regulator is trying to make the registration process easier for such FPIs, the Sebi official said at the CII Financing 3.0 Summit in Mumbai.

Sebi removed 15,000 sites with unauthorised advice in three months

Sebi removed 15,000 sites with unauthorised advice in three months

Rediff.com   2 Sep 2024

Kamlesh Chandra Varshney, a whole-time member of the Securities and Exchange Board of India (Sebi), said on Friday that the market regulator in the last three months had removed around 15,000 content sites linked to unregistered finfluencers or providing unauthorised investment advice. Speaking at the Global Fintech Fest, he said there was successful engagement with the technology providers who are complying with the regulator's request.

Sebi proposes mandatory UPI block secondary market for larger brokers

Sebi proposes mandatory UPI block secondary market for larger brokers

Rediff.com   29 Aug 2024

The Securities and Exchange Board of India (Sebi) plans to mandate the UPI block mechanism, also known as the ASBA-like facility, in the secondary market for Qualified Stock Brokers (QSBs). QSBs are brokers with larger client sizes and thus more significance in the market ecosystem.

Sebi seeks to reset clock on rights issue

Sebi seeks to reset clock on rights issue

Rediff.com   21 Aug 2024

The Securities and Exchange Board of India (Sebi) has proposed sweeping changes to the rights issue framework to enhance its attractiveness, aiming to make it the preferred route for additional fundraising by listed companies. Among the changes proposed by the market regulator are reducing the timeline to first 20 days and then to just three days, allowing shareholders to renounce their rights entitlement to investors of their choice, and eliminating the requirement to appoint an investment banker or file a draft letter of offer.

India just shy of top-weight China in MSCI EM after rejig

India just shy of top-weight China in MSCI EM after rejig

Rediff.com   14 Aug 2024

The Indian equity markets will soon account for over a fifth of a key emerging market (EM) benchmark tracked by funds with assets exceeding $500 billion. This development is expected to funnel as much as $3 billion into the domestic markets. Following the latest review undertaken by global index provider MSCI, India's weighting in the MSCI EM index will surpass 20 per cent for the first time, narrowing its gap with the current top-weighted China to fewer than 400 basis points.

Sebi Can't Recover Rs 76,293 Cr Dues!

Sebi Can't Recover Rs 76,293 Cr Dues!

Rediff.com   10 Aug 2024

Out of 3,871 recovery certificates issued by the regulator in various cases, 807 have been certified as difficult to recover.

Sebi's F&O curbs for stemming 'frenzied trading'

Sebi's F&O curbs for stemming 'frenzied trading'

Rediff.com   5 Aug 2024

Markets regulator Securities and Exchange Board of India (Sebi's) measures to curb speculative activity in the Rs 450-trillion-a-day futures and options (F&O) market is not a case of "throwing the baby out with the bathwater," whole-time member (WTM) Ananth Narayan said on Friday. "As a regulator, we are conscious that we must not throw the baby out with the bathwater. "When it comes to frenzied trading in options nearing expiry, however, it is difficult to see any baby in this bathwater," he said while delivering his address at the 21st FICCI Annual Capital Markets Conference.

Sebi plans to widen net to curb insider trading

Sebi plans to widen net to curb insider trading

Rediff.com   31 Jul 2024

The Securities and Exchange Board of India (Sebi) on Monday proposed expanding the scope of regulations prohibiting insider trading to a wider group of people, including those connected to the officials in access to price-sensitive information. The market regulator has suggested changes in the definition of "connected persons" and "relative" to address any gaps in the norms and possible violations.

Can Ola Electric Cruise to 6,146 Cr IPO?

Can Ola Electric Cruise to 6,146 Cr IPO?

Rediff.com   30 Jul 2024

The Softbank-backed company has set a price band of Rs 72 to Rs 76 per share for the maiden share sale and is expected to test the appetite for new-age loss-making companies.

71% intra-day traders pay the price chasing quick gains

71% intra-day traders pay the price chasing quick gains

Rediff.com   25 Jul 2024

Over 70 per cent of individual investors who engage in intraday trading incurred an average loss of Rs 5,371 during 2022-23 (FY23), according to a study conducted by the Securities and Exchange Board of India (Sebi). Intraday trades involve buying and selling securities within the same trading day. The study covered nearly 7 million investors trading in the equity cash segment.

Will STT Curb F&O Trading?

Will STT Curb F&O Trading?

Rediff.com   24 Jul 2024

Brokers believe that the higher charges may not completely deter investors from taking bets in F&O but could help cool down some activity, as the threshold to break even rises.