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Capital markets regulator SEBI has issued demand notices to 11 entities for paying ₹6 crore in a case involving Religare Finvest (RFL) fund diversion. In case of failure to make the payment within the stipulated 15 days, the regulator has warned to attach assets and accounts of the entities. The 11 entities on which notices […]

Utkarsh Small Finance Bank will launch its ₹500 crore initial public offering (IPO) on July 12, with the price band being set at ₹23-25. The IPO, entirely a fresh issue of shares, will close for subscription on July 14. Minimum Bid Lot is 600 equity shares. While not less than 75 per cent of the […]

Shares of electronic manufacturing services firm Cyient DLM Ltd made a remarkable market debut on Monday, listing with a huge premium of 52 per cent, against the issue price of ₹265. The stock made its debut at ₹401, registering a jump of 51.32 per cent from the issue price on the BSE. It later rallied […]

In order to protect the interests of unit holders of mutual fund schemes, SEBI has asked asset management companies to constitute a Unit Holder Protection Committee by January 1, 2024. The UHPC shall be responsible for the protection of the interests of unit holders of mutual fund schemes vis-à-vis all products and services provided by […]

National Securities Depository, a market infrastructure institution, has filed its Draft Red Herring prospectus with SEBI for allowing the existing investors to offload part of their share through initial public offering. The offer for sale through the IPO comprises about 5.72 crore equity shares. Shares offload Among the existing investors, IDBI Bank and NSE will […]

Yatharth Hospital & Trauma Care Services has undertaken a pre-IPO placement of 40 lakh equity shares at ₹300 per equity share aggregating to ₹120 crore. The board and shareholders have approved the placement last Wednesday. Of the pre-IPO placement, 20 lakh equity shares worth ₹60 crore were allotted to Plutus Wealth Management LLP; 10 lakh […]

State-run Indian Oil Corporation (IOC) on Friday said that its board has approved raising of up to ₹22,000 crore via rights issue, which is likely to be utilised among other things for its green energy initiatives. The country’s largest oil marketing company (OMC) also announced the formation of a joint venture (JV) with Sun Mobility […]

Crude oil futures traded higher on Friday morning as official data from the US EIA (Energy Information Administration) showed a decline in crude oil inventories and an increase in imports. The US is a major consumer of crude oil in the global market. At 9.49 am on Friday, September Brent oil futures were at $76.81, […]

Brokerage firm CLSA on Thursday said Indian companies are set to deliver the best two-year earnings growth among global peers even as India’s equity valuations may soon be overextended as its investor sentiment index is at a 20-month high. But, the valuations are not yet at the warning level. “While India’s equity valuations versus bonds […]

Starting today, ESG rating services can only be provided by entities that have been certified by the Securities and Exchange Board of India (SEBI). Even foreign agencies that provide ESG rating services will have to get SEBI certification if they want to provide services to entities located in India.   “On and from the date of […]