Ten months after new Sebi norms set in, some senior directors still hold more board seats than allowed.
Since the beginning of 2020, i-bankers have collected nearly Rs 1,800 crore by way of IPO fees. Interestingly, the India fees this year form just 1 per cent of the global fee pool of $13.7 billion from IPOs.
Operator syndicate could be behind stock hammering, suspects regulator.
In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous financial year.
Congress leader Rahul Gandhi said that the underprivileged need economic and political power and not empty words as he again called for removing the 50 per cent ceiling on quota and demanded reservations for Dalits and tribals based on their population.
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Government divestment reached record figures after the financial crisis, at the same time as promoters were required to bring down their stake in companies to 75 per cent or less.
According to experts, work from home, volatility in stock markets worldwide, and redemption pressures compelled investors to defer new investment plans.
LIC owns 3.69 per cent of the total listed universe based on available disclosures, the lowest since at least June 2009.
This year is set to be the third consecutive year when India's share of IPOs has fallen relative to the rest of the world.
Sebi has asked intermediaries to stagger the offerings as much as possible, said people in the know and ensure adequate capacity building.
Women from promoter families who have become directors since January this year include Sarala Birla (Century Textiles, Century Enka), Nawaz Gautam Singhania (Raymond Group), Bina Modi (Godfrey Phillips), Saroj Bhartia (Jindal Drilling & Industries) and Deepshikha Khaitan (Cera Sanitaryware).
The Supreme Court on Thursday said it was mystified as to how bureaucrat Arun Goel applied for voluntary retirement on November 18 last year if he was not aware about the proposal to appoint him as an election commissioner.
Many are now hoping the markets remain in good stead as they look to finalise the dates for IPOs, such as UTI MF, Computer Age Management Services, Happiest Mind, and Angel Broking. Most of the issues are expected to come to the market in the second half of September.
Though retail investors accounted for a larger number of outstanding shares of the NSE-listed companies at 15.29 per cent, the combined value of their holding was Rs 9.16 trillion. This was much lower than the value of holding of FPIs and DIIs.
Five to six issues may hit the market if Chalet Hotels's IPO is successful and if there are no negative surprises in the Union Budget on February 1.
The bench said the petition has relied on a March 2 verdict of the apex court which had ruled that the appointment of the Chief Election Commissioner and ECs will be done by the President on the recommendation of a committee, comprising the prime minister, Leader of the Opposition in Lok Sabha and the CJI, to maintain the "purity of election".
A recent survey done by indianboards.com suggests that around 283 directors will retire by October this year.
Prime Minister Narendra Modi on Thursday called for reforming the World Health Organisation and streamlining its approval process for vaccines and therapeutics, and favoured making flexible the WTO's rules relating to trade-related aspects of intellectual property rights.
The biggest spend (Rs 4,406 crore) was for Schedule VII (II), which involves "promoting education, including special education and employment enhancing vocation skills, especially among children, women, elderly and the differently abled and livelihood enhancement projects". The FY19 spend was 17.2 per cent higher than Rs 1,0128.3 crore spent during the previous year.
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
Security and intelligence agencies will soon be provided with a new platform which is technologically advanced, secure and helpful in dealing with new age criminals and anti-social elements, officials said on Wednesday.
The apex court also directed the Centre to produce original records relating to take down order.
Mr Modi must stop talking, and start writing
These include Great Eastern Energy Corporation and Shemaroo Entertainment.
Prime Minister Narendra Modi on Tuesday said the establishment of the WHO Global Centre for Traditional Medicine (WHO GCTM) in Jamnagar will usher in a new era of traditional medicine globally.
The meeting was attended by the Director Generals of Police and other senior officials of the state governments and Union Territory administrations. The union home secretary reviewed the arrangements for COVID-19 vaccine roll-out and asked the state and UTs to prepare a database of the frontline workers who will receive the vaccine during the initial stages, a home ministry official said.
Underlining the importance of having a chief election commissioner who is "independent and a man of character", the Supreme Court on Wednesday wondered will it not be a case of "complete breakdown of system" if the CEC does not act against the prime minister in case there are allegations against him.
Modi tweeted that the meeting discussed important issues related to the progress of vaccine development, regulatory approvals and procurement.
Eye business expansion, fulfil working capital requirements and making loan repayments
Out of the 24 IPOs, 20 companies had anchor investors, which collectively subscribed to 31 per cent of the total public issue amount.
Retail investors may burn their fingers investing in them, especially if the markets correct, experts tell Sanjay Kumar Singh
Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline
With markets expected to remain volatile, promoters and lenders exposed to the industrials and materials space can face brunt of the price erosion of the pledged shares.
Mutual fund (MF) houses have started realigning their overseas product offerings after the Securities and Exchange Board of India (Sebi) advised them to stop subscriptions. PPFAS Asset Management has decided to suspend transactions in Parag Parikh Flexi Cap Fund with effect from February 2, 2022. Though new lump-sum and systematic investment plans (SIPs) will not be accepted, existing SIPs and systematic transfer plans (STPs) will continue.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
Experts said the 20 per cent drop in the market poses a challenge for companies that have set the ball rolling on their IPO plans as valuations will now have to realign. This could entail more dilution or lowering of the issue size.
Tamil Nadu plans parallel programme with unique user IDs
Meanwhile, for the fortnight ended March 20, deposits grew 11.42% y-o-y.
Property sales have been sluggish and the sector has been facing headwinds. So, firms are in wait-and-watch mode.
'...it gets a survey report that they are going to lose elections.' 'The fear of losing elections will make them immediately conduct a caste census.'
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