SEBI eases InvIT norms on borrowings, SPV classification after project completion

SEBI eases InvIT norms on borrowings, SPV classification after project completion

SEBI also mandated additional disclosures by InvITs on such SPVs, including details of liabilities, pending claims, debt repayment schedules and exit plans The Securities and Exchange Board of India (SEBI) on Thursday allowed greater flexibility in the use of borrowings by Infrastructure Investment Trusts (InvITs) and eased norms for special purpose vehicles (SPVs) after the […]

India bans sugar export till Sept 30 to protect domestic supplies

India bans sugar export till Sept 30 to protect domestic supplies

In a move seen as aimed at stabilizing the domestic market, the Government on Thursday imposed an immediate ban on sugar exports, effective until September 30, 2026. The intervention comes at a critical juncture as global sugar prices show signs of a rebound, which had begun to make Indian exports increasingly attractive to international traders, […]

Broker’s call: Affle 3i (Buy)

Broker’s call: Affle 3i (Buy)

Target: ₹2,240 CMP: ₹1,584.40 Affle 3i’s Q4 performance was better than our estimates, with 20.3 per cnet y-o-y revenue growth, led by India and emerging markets, up to 21.2 per cent. Growth was supported by deeper customer engagements, new logo additions, and continued traction across key industry verticals and geographies. Developed markets grew 18 per […]

Northern Arc shares end 8% higher after Q4 profit jump, brokerages positive

Northern Arc shares end 8% higher after Q4 profit jump, brokerages positive

Brokerages remained positive on the stock following the earnings performance and improving growth outlook. | Photo Credit: istock.com Northern Arc Capital shares rallied on Monday after the non-banking financial company reported a nearly three-fold jump in net profit for the March quarter, driven by strong growth in interest income and improvement in asset quality. The […]

No PANs issued to FPIs for a month, onboarding hit

No PANs issued to FPIs for a month, onboarding hit

Without a PAN, FPIs cannot open trading or demat accounts, effectively preventing them from investing in Indian securities. Foreign portfolio investors (FPIs) have not received any Permanent Account Numbers (PAN) for nearly a month following changes to the PAN application process under the common application form (CAF), creating a bottleneck in onboarding fresh foreign investors […]