The Securities and Exchange Board of India (Sebi), on Friday, relaxed the regulatory framework for alternative investment funds (AIFs) targeting ‘accredited investors’ — those investors with annual income of over Rs 2 crore or net worth of at least Rs 7.5 crore. AIFs that are ‘large value funds for accredited investors’ have …
SEBI relaxes regulatory framework for AIFs targeting ‘accredited investors’ Read More »
Capital markets regulator Sebi on Friday imposed fines totaling Rs 4 lakh on four individuals for violation of insider trading norms in the shares of Mindtree Ltd during the January-March 2019 period when they were designated employees. The regulator levied a fine of Rs 1 lakh each on Chirag Malhotra, Meenakumari …
Sebi penalizes 4 individuals for violations in Mindtree share trade Read More »
Capital markets regulator Sebi on Friday came out with new guidelines for “Large Value Fund” for accredited investors, pertaining to filing of such schemes and extension of their tenures beyond two years. “Large Value Fund (LVF)” for accredited investors means an AIF or scheme of an AIF in which each investor …
SEBI issues guidelines for ‘Large Value Fund’ for accredited investors Read More »
India’s foreign exchange reserves declined $5.9 billion to $590.59 billion for the week ended June 17, latest data released by the Reserve Bank of India (RBI) showed. The fall in total reserves was mainly because of a decline in foreign currency assets worth $5.4 billion, the data showed. In two weeks, …
India forex reserves drop $5.9 bn in a week as RBI sells dollars Read More »
Shares of Nazara Technologies surged 19 per cent to Rs 623.95 on the BSE on Friday on the back of heavy volumes after the stock turned ex-date for a 1:1 bonus share issue. The stock recovered 29 per cent from its record low level of Rs 484 touched on Wednesday, June 22. …
This Rakesh Jhunjhunwala stock turns ex-date for 1:1 bonus issue; sores 19% Read More »
Shares of Sterling Tools (STL) hit an over three-year high of Rs 260, gaining 9 per cent on the BSE in Friday’s intra-day trade, on hopes of healthy business outlook. Since May 13, the stock has zoomed 111 per cent from a level of Rs 123.20. With this, the stock hit its …
Stock of this automotive fastener company has zoomed over 110% in 6 weeks Read More »
global index provider MSCI has maintained status quo on Asia during its annual market classification review. It was widely expected that South Korea would be put on watch list, a precursor for an upgrade from emerging market (EM) to developed market (DM). This could delay the nation’s ambition to be classified as …
MSCI maintains status quo on Asia during annual mkt classification review Read More »
Shares of Route Mobile jumped 9 per cent to Rs 1,287 on the BSE in Friday’s intra-day trade, surging 18 per cent in the past two trading days, after the company announced buyback plan. The stock of other telecom services provider has rebound 23 per cent from its 18-month low of Rs …
Route Mobile rebounds 23% from 18-month low as board mulls buyback plan Read More »
, Markets have been on a wild ride ever since the Reserve Bank of India announced a surprise rate hike on May 4. While the benchmark Nifty50 index has shed around 9% since then, individual housing finance companies have cracked up to 36%. , Investors have shunned housing finance companies, or HFCs, …
Mid, small-sized HFCs may bear the brunt of rising interest rates Read More »
The officers committee on GST has suggested the GST Council to defer a decision on taxability of cryptocurrency and other virtual digital assets. The Fitment Committee in its report to the GST Council has suggested that a law on regulation of cryptocurrency is awaited and it would be essential to identify …
Officers committee suggests deferment of decision on levying GST on crypto Read More »