Crude oil slips, unimpressed with China’s lending rate cut
[ad_1] Crude oil traded lower on Tuesday morning as China cut lending rates by 10 basis points at a time when the market was expecting more. At 9.54 am on Tuesday, August Brent oil futures were at $75.92, down by 0.22 per cent, and August crude oil futures on WTI were at $71.14, down by […]
GIFT Nifty to have 21-hour trading in two sessions
[ad_1] The NSE IFSC-SGX Connect, on Monday, unveiled the new identity of GIFT Nifty, which will replace the existing SGX Nifty Futures & Options contracts from July 3, 2023 after a switch from Singapore Exchange (SGX) to GIFT IFSC in GIFT City, Gandhinagar. From June 30, the entire trading of SGX Nifty will cease to […]
SEBI punch holes in Punit Goenka’s defence on siphoning off funds at Zee
[ad_1] The Securities and Exchange Board of India has termed Punit Goenka’s claims made to the Securities Appellate Tribunal (SAT) in the matter related to siphoning off funds from Zee Entertainment Enterprises Ltd (ZEEL) as “patently false” and “unsubstantiated by any documentary evidence.” The counter affidavit filed by SEBI, seen by businessline, revealed that about […]
FPIs stay glued to Indian equities; infuse ₹16,405 crore in June so far
[ad_1] Foreign portfolio investors (FPIs) continued to invest in Indian equities for a fourth straight month as they injected ₹16,405 crore in June so far on the country’s strong economic rebound and positive growth outlook. FPI flows touched a nine-month high of ₹43,838 crore in equities in May, ₹11,631 crore in April, and ₹7,936 crore […]
SEBI ends permanent Board seats in listed companies
[ad_1] From April 1, 2024, promoter directors of listed entities or their related persons cannot enjoy “Board Permanency” with the market regulator SEBI now amending the listing regulations to mandate periodic shareholders approval — once in five years — for all categories of directors from that date. This new requirement is expected to substantially address the […]
SEBI directs online bond platforms to stop selling unlisted securities
[ad_1] SEBI on Friday directed online bond platforms (OBPs) to desist from offering debt securities that are not listed or are not proposed to be listed, in contravention of their regulatory framework. According to SEBI, certain OBP are “offering unlisted bonds/other products on a separate platform/web site and have not divested of such offerings” and […]
IKIO Lighting shares debut at nearly 38 per cent premium
[ad_1] Shares of LED lighting solution provider IKIO made a remarkable market debut on Friday, listing with a gain of nearly 38 per cent, against the issue price of Rs 285. The stock made its debut at Rs 391, a jump of 37.19 per cent from the issue price on the BSE. It later zoomed […]
MFs may have to offload ₹4,500 cr of HDFC Bank shares post merger
[ad_1] As the merger of HDFC with HDFC Bank inches closer, mutual funds (MFs) have to offload shares worth ₹4,500 crore in HDFC Bank post-merger to meet the SEBI cap of 10 per cent exposure to single stock. The merger of HDFC with HDFC Bank is close to becoming reality with most regulators giving their […]
Thermal coal prices may drop further as supplies improve
[ad_1] Thermal coal prices have dropped over 60 per cent to near a two-year low, and the decline will likely continue in view of supplies normalising and improving in 2023. “Average annual coal prices are forecast to decrease in 2023 compared to 2022 but remain well above their five-year average,” the World Bank said in […]
“Over 90% return in international portfolio comes from picking the right geography and asset class”
[ad_1] In this interview with businessline, Benedek Vörös, Director, Index Investment Strategy at S&P Dow Jones Indices, shares his insights on international investing, how equal-weighted indices are superior to market-cap weighted indices and more. Excerpts from the interview: Does global diversification work, especially with markets being so inter-connected? We have done a whole range of […]