News for 'Markets Authority'

MFs Vs NPS? What Suits YOU?

MFs Vs NPS? What Suits YOU?

Rediff.com3 Jun 2024

Ramalingam Kalirajan explains the pros and cons of both investment types.

Modi Bluster Missing From Budget

Modi Bluster Missing From Budget

Rediff.com26 Jul 2024

With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.

Changing complexion: Adani stocks now have prominent investor base

Changing complexion: Adani stocks now have prominent investor base

Rediff.com24 Apr 2024

Amid intense scrutiny from short-sellers and regulators, Adani group stocks have seen a significant shift in their shareholder base: Relatively opaque foreign portfolio investors (FPIs) have given way to more recognisable investors and broad-based funds. The list of large public shareholders - those directly holding at least 1 per cent - is now dominated by entities, such as the state-owned Life Insurance Corporation (LIC), US-based GQG Partners, Abu Dhabi-based International Holding Company, and Qatar Investment Authority's INQ Holding.

How year's most extravagant wedding was made secure

How year's most extravagant wedding was made secure

Rediff.com14 Jul 2024

Three different invitations were sent out for the wedding and the receptions with top-run guests being sent a large red box that contained an intricate chest incorporating a mini silver temple featuring gold idols of various Hindu deities, including Lord Ganesh, Radha-Krishna, and Goddess Durga.

Covid originated in animals at Wuhan market and spread to humans: Studies

Covid originated in animals at Wuhan market and spread to humans: Studies

Rediff.com28 Feb 2022

The first study used spatial analysis to show that the earliest known COVID-19 cases, diagnosed in December 2019, were centered on the Wuhan market.

GST anti-profiteering authority pulls up Nestle

GST anti-profiteering authority pulls up Nestle

Rediff.com12 Dec 2019

The National Anti-Profiteering Authority has ordered FMCG major Nestle to deposit Rs 73.15 crore with Consumer Welfare Fund for not passing GST rate reduction benefit to consumers. Refuting the charges, Nestle said the benefits largely have been passed on by way of reduction of MRP or by way of increase in grammage.

Now Get Customised Insurance

Now Get Customised Insurance

Rediff.com3 Apr 2024

From April 1, when we buy insurance for a car or take out a health cover, insurance companies can offer a product totally customised for us.

T20 WC: Focus on pitch as India take on wounded Pakistan

T20 WC: Focus on pitch as India take on wounded Pakistan

Rediff.com8 Jun 2024

A confident and well-adjusted India would look to capitalise on an unpredictable Pakistan during Sunday's T20 World Cup match.

Covovax as Covid booster jab to be available on CoWIN soon

Covovax as Covid booster jab to be available on CoWIN soon

Rediff.com10 Apr 2023

Covovax is likely to be available on the portal in a few days at a price of Rs 225 per dose plus applicable GST.

Sebi's new disclosure rules likely to affect fewer FPIs

Sebi's new disclosure rules likely to affect fewer FPIs

Rediff.com4 Feb 2024

Only a fifth of foreign portfolio investors (FPIs) in breach of the market regulator-specified thresholds may need to provide enhanced disclosure on ultimate beneficiaries, thanks to exemptions being provided, according to people in the know. The ultimate beneficial ownership (UBO) disclosures, for FPIs with over 50 per cent holding in a single corporate group or over Rs 25,000 crore exposure to Indian assets, will be required from February 1. But, depending on their category, FPIs will have 10-30 working days to submit these granular details.

Can Sensex Hit 86,000 in 2024?

Can Sensex Hit 86,000 in 2024?

Rediff.com28 Nov 2023

The general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes.

Govt Project Launches Hit All-Time Low

Govt Project Launches Hit All-Time Low

Rediff.com10 Jan 2024

Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.

Recipe: Chef Sarab's Chicken Kebabs With Apples

Recipe: Chef Sarab's Chicken Kebabs With Apples

Rediff.com10 Apr 2024

Serve them as a teatime or cocktail snack or a yummy side to a special meal.

ED probes money laundering in drug case linked to DMK ex-functionary

ED probes money laundering in drug case linked to DMK ex-functionary

Rediff.com10 Mar 2024

The ED will probe if money earned from the illicit narcotics trade was laundered to create movable and immovable assets by the accused. The investigation will run parallel to the NCB probe, the sources said.

Hooch Tragedy: Will TN Go Dry?

Hooch Tragedy: Will TN Go Dry?

Rediff.com21 Jun 2024

Ironically, rival Tamil Nadu governments expend the most on social welfare schemes, especially targeting women and youth and children, but that money comes only by selling more liquor. There is always the specious plea, which has been peddled very many times in the past, that without licensed liquor, drinkers would go after hooch and there could be more hooch tragedies and hooch deaths. No one is convinced, but no one can dispute it either, comments N Sathiya Moorthy.

Factors that spooked Paytm's market performance

Factors that spooked Paytm's market performance

Rediff.com13 Jan 2022

Paytm CEO Vijay Shekhar Sharma said on Wednesday that the company's share market performance has been in line with that of global peers in the sector over the past six months due to macroeconomic factors. "Macro factors like quantitative easing, free money due to US monetary policy and other parameters led to a spook in the market in terms of pricing the IPO. "Paytm's shares have received a similar response to that of global peers in the last six months...But that is not a complete reasoning.

Longer-horizon debt funds bounce back in 2023 as bond yields soften

Longer-horizon debt funds bounce back in 2023 as bond yields soften

Rediff.com29 Dec 2023

Actively managed debt funds with the flexibility to go long on duration made a strong comeback on the returns chart in 2023, thanks to softening bond yields. The average one-year returns of floater, long-duration, gilt, and dynamic bond funds, which ranged between 2.3 per cent and 4.5 per cent at the end of 2022, now stand at over 7.2 per cent, with some schemes delivering over 8.5 per cent, according to data from Value Research. Debt fund returns are inversely related to yields of underlying investments, meaning a decline in yields is positive for funds.

Markets should be able to withstand inflation up to 8%: Credit Suisse

Markets should be able to withstand inflation up to 8%: Credit Suisse

Rediff.com19 Jul 2022

Indian equity markets should be able to withstand inflation up to 8 per cent, said analysts at Credit Suisse Wealth Management in a recent note. Should the rate of inflation move higher than this, the valuation of Indian equities could deteriorate further, they cautioned. The fall from the peak levels has seen Nifty's 12-month forward price-to-earnings (P/E) ratio of 17.6 dip toward its 10-year and 5-year (pre-COVID) average of 16.9, which suggests that valuation froth of Indian equities has settled, said the Credit Suisse analysts.

Gold Loans On RBI, Finance Ministry Radar

Gold Loans On RBI, Finance Ministry Radar

Rediff.com28 Mar 2024

Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.

Adani, JSW, PSA looking to bag Rs 7K cr Tuticorin project

Adani, JSW, PSA looking to bag Rs 7K cr Tuticorin project

Rediff.com1 Apr 2024

A Rs 7,056 crore outer harbour project by VO Chidambaranar (VOC) Port in Tuticorin is garnering interest from domestic and global majors in the sector, such as Adani Ports and Special Economic Zone, Singapore's PSA International, Dutch major Van Oord, JM Baxi, and JSW, among others, according to sources close to the development. The project aims to capitalise on the newfound investor interest in the region, spurred by mega investments such as the Rs 16,000 crore electric vehicle manufacturing unit by Vietnamese major VinFast, the Indian Space Research Organisation's second spaceport in Tamil Nadu's Kulasekarapattinam, and Singapore's Sembcorp's Rs 36,238 crore investment in renewable energy.

'It will take time for market to recover'

'It will take time for market to recover'

Rediff.com21 Dec 2021

'The correction could take two to three months and traders need to be careful.' 'For investors, this could be a good time to nibble in.'

Haldwani: Additional forces deployed in curfew-hit Banbhoolpura

Haldwani: Additional forces deployed in curfew-hit Banbhoolpura

Rediff.com12 Feb 2024

The situation in the Banbhoolpura area in Haldwani, the epicentre of the mob violence last week, was normal on Monday as additional troops of paramilitary forces were deployed to maintain law and order, officials said.

GOOD News! No Drug Price Hike In 2024

GOOD News! No Drug Price Hike In 2024

Rediff.com6 Feb 2024

For the consumer, there would be practically no impact on prices of essential medicines this year.

Issuers in wait-and-watch mode for overseas listing at GIFT City

Issuers in wait-and-watch mode for overseas listing at GIFT City

Rediff.com2 Feb 2024

With the government clearing the decks for direct listing at the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC), issuers will wait for the ecosystem to develop further before firming up their listing plans. In the meantime, most companies may continue to prefer listing in the onshore market, even as the new avenue provides key benefits such as tax waivers and reduced foreign exchange risk. Sources said that a few key things need to be ironed out further.

Taxtortion Is Here To Stay!

Taxtortion Is Here To Stay!

Rediff.com31 Jan 2024

If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong. These moves appear to have full official backing, points out Debashis Basu.

Messi, Ronaldo fans rely on black market to fulfill WC dreams

Messi, Ronaldo fans rely on black market to fulfill WC dreams

Rediff.com5 Dec 2022

The man, who declined to be named, said he charges "the most dedicated supporters" a 1,000% markup for tickets to sought-after matches featuring stars like Messi and Cristiano Ronaldo.

Adani in talks with sovereign funds to raise up to $2.6 bn

Adani in talks with sovereign funds to raise up to $2.6 bn

Rediff.com26 Feb 2024

The Adani group is in advanced talks with top sovereign funds based in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. The group's flagship, Adani Enterprises, may dilute part of its stake in the airport-holding firm and/or the green hydrogen business to these funds, which are keen to invest in the Indian infrastructure sector, said a source close to the development.

Jio, Airtel add nearly 48 lakh mobile subscribers in Sep, VIL loses 7.5 lakh: Trai data

Jio, Airtel add nearly 48 lakh mobile subscribers in Sep, VIL loses 7.5 lakh: Trai data

Rediff.com21 Dec 2023

Reliance Jio added 34.7 lakh mobile subscribers in September, cementing its lead in the competitive telecom market, while Airtel's wireless subscriber tally rose by 13.2 lakh, according to monthly data put out by Trai. Vodafone Idea lost 7.5 lakh mobile subscribers during September, dragging its wireless user tally to 22.75 crore. Reliance Jio gained 34.75 lakh wireless subscribers in September, and its user base climbed to 44.92 crore, as per data by Telecom Regulatory Authority of India (Trai).

Where Does Superstar Vijay Go From Here?

Where Does Superstar Vijay Go From Here?

Rediff.com2 Jul 2024

A new entrant, whether a popular actor or not, has not been able to sweep the polls, as their fans had hoped for. Given a proven pattern, it should hold true for Vijay as well. Or, something drastically has to happen between now and 2026, asserts N Sathiya Moorthy.

Want To Gift Investment?

Want To Gift Investment?

Rediff.com8 Apr 2024

If the gift is received from a relative, there is no tax implication. But if the gift is received from a non-relative and exceeds Rs 50,000 in value during a financial year, the entire value of the gift is taxable.

Will Bull Run In PSU Banks Continue?

Will Bull Run In PSU Banks Continue?

Rediff.com6 Mar 2024

>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.

NRIs likely to get bigger play in local equities through GIFT City FPIs

NRIs likely to get bigger play in local equities through GIFT City FPIs

Rediff.com3 Dec 2023

The Securities and Exchange Board of India (Sebi) may allow non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) greater exposure to domestic equities if their investments are sent through foreign portfolio investors (FPIs) registered at the GIFT City International Financial Services Centre (IFSC). The proposal will be taken during Sebi's board meeting on Saturday along with other key agenda items such as easing of voluntary delisting mechanism and introduction of a regulatory framework for real estate fractional ownership platforms, said people in the know. At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent.

Govt panel recommends regular market approval for Covishield, Covaxin

Govt panel recommends regular market approval for Covishield, Covaxin

Rediff.com20 Jan 2022

An expert panel of India's central drug authority on Wednesday recommended granting regular market approval to COVID vaccines Covishield and Covaxin for use in adult population subject to certain conditions, official sources said.

Delhi unlock: Markets, malls, shrines to open daily

Delhi unlock: Markets, malls, shrines to open daily

Rediff.com13 Jun 2021

Restaurants with 50 per cent capacity, weekly markets and religious places will reopen in Delhi from June 14, Chief Minister Arvind Kejriwal announced on Sunday, saying the COVID-19 situation has significantly come under control in the city.

Adani shrugs off Hindenburg effect, back to rapid expansion spree

Adani shrugs off Hindenburg effect, back to rapid expansion spree

Rediff.com31 Mar 2024

Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.

Axis Bank re-rating to continue on steady NIMs, cheap valuation: Analysts

Axis Bank re-rating to continue on steady NIMs, cheap valuation: Analysts

Rediff.com3 May 2024

Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials. The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market.

Stock markets in turmoil: What should you do?

Stock markets in turmoil: What should you do?

Rediff.com26 Jan 2022

Analysts caution against volatility and recommend buying stocks of companies that are on strong fundamental footing that have been beaten down badly in the recent carnage.

Indian pharma cos get a shot in the arm in $12-bn Australian drug market

Indian pharma cos get a shot in the arm in $12-bn Australian drug market

Rediff.com29 Apr 2022

Indian drug firms get a shot in the arm in the $12 bn Australian drug market as the Therapeutic Goods Administration (TGA), Australia agrees to accelerate the drug approval process in that country for Indian players who already have an approved plant and product from one of the stringent regulatory authorities like US, EU or Canada. From current sales of $340 mn, the Indian firms can see a significant upside in sales; felt Dinesh Dua, former chairman of the Pharmaceutical Exports Promotion Council of India (Pharmexcil), and the MD of Nectar Lifesciences. He highlighted that only 12 percent of the Australian drug market is generic, as against 80-90 per cent in the US or EU. Of this $1.5 bn generic drug market in India, Indian companies have a small share.

AMCs' contribution to backstop fund for debt MFs tops target

AMCs' contribution to backstop fund for debt MFs tops target

Rediff.com29 Nov 2023

The contribution from asset management companies (AMCs) has surpassed the Rs 3,000 crore target for the creation of a Rs 33,000 crore backstop facility for debt mutual funds (MFs). The initial corpus for the Corporate Debt Market Development Fund (CDMDF) is nearly Rs 3,100 crore, according to multiple government officials and AMC executives. "The fund is operational now. "The required corpus has been raised by AMCs and the remaining part (Rs 30,000 crore) is in the form of a guarantee from the government which will be activated only in case of a credit event," explained D P Singh, joint CEO and deputy MD, SBI MF.

Are you paying property tax? If not, read this now

Are you paying property tax? If not, read this now

Rediff.com11 Mar 2024

Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.