If the deal materialises, Angel will have to pay at least Rs 800-1,000 crore (Rs 8-10 billion) for a 51 per cent stake, valuing the brokerage at Rs 1,500-2,000 crore (Rs 15-20 billion). The talks are at an early stage.
The entities were involved in fraudulent practises in Sun Infoways stocks.
Foreign Portfolio Investors (FPIs) remained in a selling mode in January, withdrawing nearly Rs 36,000 crore (about $3.97 billion) as global uncertainties persisted. Meanwhile, a higher securities transaction tax (STT) proposed in the Union Budget may weigh on overseas investor participation in the near future.
Shares of brokerage-related companies nosedived 18 per cent on Sunday after Finance Minister Nirmala Sitharaman proposed raising securities transaction tax on commodity futures to 0.05 per cent from 0.02 per cent in the Union Budget 2026-27.
A student from Tripura died in Dehradun after allegedly being attacked with knives and blunt objects following racial slurs. The victim's father alleges police initially refused to register a report.
'The worst part is that after the attack on December 9, the Dehradun police refused to register an FIR for the murder.'
Indian weightlifting once again revolved around the enduring brilliance of Mirabai Chanu, whose World Championships silver was the single biggest achievement for the sport in a year marked by doping concerns and senior-level stagnation.
As the year draws to a close, Rediff's Senior Contributor Roshmila Bhattacharya takes a look at the hits and misses, the highs and lows, the newsmakers and the dealbreakers in alphabetical order.
Despite the tragic terror attack in Pahalgam, Kashmir, locals demonstrated incredible bravery and compassion, risking their own lives to save tourists. Syed Adil Hussain Shah, a pony 'wallah', was killed while protecting tourists from the gunmen, while Nazakat Ahmed Shah rescued a family of 11, including three children. Tourist guide Sajad Ahmad Bhat also carried injured people to the hospital. The attack, which claimed the lives of 26 people, mostly tourists, highlighted the resilience and kindness of the Kashmiri people.
The uncontrollable fire has so far burned over 70 sq km in three areas: Palisades, west of Los Angeles; Eaton, north of Pasadena and San Fernando Valley.
Sports Bill will end stagnation; bring in transparency: PT Usha in Rajya Sabha
Analysts expect Nifty to rise up by to 6 per cent in six months, with intermittent corrections likely due to global factors.
Shares of brokerages and market infrastructure institutions (MIIs) witnessed heavy selling pressure following the Securities and Exchange Board of India's (Sebi's) pivot to a uniform fee structure, which analysts fear could dent revenues. Discount brokerages, which currently benefit from a spread between client charges and exchange fees, are expected to be most affected. Shares of Angel One, the third-largest brokerage by active clients, fell 8.7 per cent. Groww and Zerodha, the largest brokerages, are not publicly listed.
Outlining each visa adjudication as a 'national security decision', the United States has asked applicants to share their social media usernames or handles of each platform they have used in the last five years.
Outlining each visa adjudication as a "national security decision", the US has asked applicants to share their social media usernames or handles of each platform they have used in the last five years.
This is important because he is to be seen as a sure winner before criss-crossing the state to campaign for candidates of the party or an alliance, highlights N Sathiya Moorthy.
Gurindervir, Kujur, Manikanta, Amlan set new 4x100m relay national record
PSG beat Seattle to reach knockout stage at Club World Cup
Sweet surprises are made of actors best known for their dramatics taking us by surprise by shaking a leg on screen.
Last year, James also surpassed Abdul-Jabbar to become the NBA's all-time leading scorer and now has more than 41,000 points to his name.
Sriram Balaji and Miguel Angel Reyes-Varela were beaten by Portugal's Nuno Borges and Francisco Cabral in the second round.
Stock markets are expected to be driven by global trends and FPI trading activity this week after the conclusion of the earnings season, analysts said. Unabated foreign fund outflows, lower-than-expected quarterly earnings and global trade war fears hit market sentiments last week, where the benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday.
Dinesh Thakkar, MD, Angel Broking, explains in an interview that retail investors' participation in the equity market is falling, but the share of organized players in broking business is increasing.
'While I would never wish for anyone to go through what we are, it has brought out the best in us by making each one of us a better version of ourselves.' 'Being courageous, fighting for freedom, taking the burden of responsibility to help each other...' 'I know hundreds and hundreds of examples where Ukrainians are risking their lives for complete strangers and it is only in moments like this that we truly understand what it means to be human.'
RBI's interest rate decision, quarterly earnings and global cues would be the major driving factors for equity markets this week, analysts said adding that the impact of the Union Budget could linger on this week. Trading activity of foreign investors will also be a key driver for the markets, experts noted. "US and India's manufacturing PMI for January to be released on Monday, will be the key macro data to watch out for.
Here are some outstanding outfits from her fashion wedding that showcase her as a global fashionista.
Leading brokerages have revised their charges with the true-to-label norms by the Securities and Exchange Board of India (Sebi) kicking in from Tuesday.
Sean Baker broke a record by winning four Oscars just himself for Anora: Best Picture, Best Director, Best Editing and Best Original Screenplay.
Sreejesh broke into a wide grin that like his idol, his own skills earned him the sobriquet "The Great Wall of Indian Hockey".
As regards mid-caps and small-caps, analysts suggest investors buy only those stocks of those companies where there is earnings visibility for at least a few quarters and where the valuations have become reasonable.
A second-half double from Antoine Griezmann earned Atletico Madrid a stunning 4-3 comeback home win over Sevilla in LaLiga on Sunday.
Given his recent spate of successes and acclaim in solo leads, one would have thought the 12th Fail star would want to make the most of it. Instead, he's keen to shift the focus on his family life.
Viral Turkish shooter says calm demeanour belied the storm within
Airports across the country witnessed chaotic scenes on Friday after dozens of flights were either delayed or cancelled after a widespread global computer outage that also hit operations like cash withdrawal at some banks, and impacted functioning of some brokerages. Globally, the Microsoft cloud outage led to US airlines cancelling flights, but the tech giant later reportedly said its cloud services outage in the Central US region has been resolved.
Indian badminton stalwart Ashwini Ponnappa broke down in tears, announcing she has played her last Olympics after she and her partner Tanisha Crasto suffered their third straight defeat in the women's doubles competition of the Paris Games.
In a year marred by disappointments, shooter Akhil Sheoran redeemed himself by winning the men's 50m rifle 3-positions bronze medal even as the other Indian participants failed to make a mark in the ISSF World Cup Final in New Delhi on Wednesday.
IMAGES from the Champions League matches played on Wednesday.
Squadron Leader Kanwal Deep Mehra's daredevilry during the 1971 War brought down a Pakistani F-86 Sabre. But he had to bail out of his plane, was badly injured. Then a fierce band of armed guerillas evacuated him to safety at great risk to their lives.
Three-time Olympic champion Marion Jones is heavily in debt, fighting off court judgments and down to a bank balance of about $2,000.
Argentina beat Ecuador 4-2 on penalties to move into the semi-finals of the Copa America on Thursday after goalkeeper Emi Martinez made two saves for the reigning champions in the shoot-out following a 1-1 draw in regulation time.
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