Rupee’s plunging volatility leaves investors guessing RBI moves
Even in a year where currency volatility is falling worldwide, the slump in swings in the Indian rupee has traders from London to Singapore asking when the central bank will loosen its iron grip. The rupee’s one-month implied volatility versus the dollar crashed to its lowest since 2005 in June, drawing queries from investors on […]
SEBI issues ₹6-crore demand notice to 11 entities
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 SFB’s ₹500-crore IPO to be open for subscription July 12-14
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 […]
Cyient DLM shares list at 52% premium on bourses
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 […]
SEBI puts in place framework for mutual fund Unit Holder Protection Committee
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 […]
NSDL files DRHP with SEBI for IPO
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 raises ₹120 crore via pre-IPO placement
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 […]
IOC board approves rights issue to raise up to ₹22,000 crore
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 gets a boost from decline in US inventory
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, […]
Indian companies are set to deliver the best two-year earnings growth among global peers: CLSA
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 […]