DIIs most bullish on markets since FM’s 2019 corporate tax cut
Bullish bets by domestic institutional investors (DIIs) on India’s stock market touched a three-year high this week. Data showed that DIIs were holding net long positions in the index futures segment, comprising mainly the benchmark Nifty and the Bank Nifty index to the tune of 79,050 contracts on March 28, the highest since March 2020. […]
SEBI announces slew of measures for investors
From allowing share purchase through the Application Supported by Blocked Amount (ASBA) facility — where investor funds remain blocked in their own bank accounts instead of being passed to the broker until the execution of purchase order — to making it mandatory for the top 100 companies to clarify on market rumours, market regulator SEBI […]
SEBI allows private equity firms to own mutual fund companies
The board of Securities and Exchange Board of India (SEBI) on Wednesday took a number of decisions relating to ESG disclosures, rating framework on ESG, and a mechanism for preventing and detecting frauds stock market frauds. The markets regulator has introduced quantitative norms to gauge materiality of developments. Related to mutual funds, SEBI has brought […]
SEBI puts off frezeeing MF folios without nomination to Sept end
SEBI has postponed the decision to freeze mutual fund folios without nomination to September 30, 2023 instead of March-end. In a circular issued on Tuesday, SEBI said last July it had prescribed the requirement for nomination and opting out of it for all the existing individual unit holders holding mutual fund units either solely or […]
Sensex, Nifty slip as caution prevails; investors await data
Bengaluru, March 28 Domestic equity market reversed early gains on Tuesday as caution about broader economic challenges soured sentiment, while investors waited for some key economic data due later in the week. The Nifty 50 index was down 0.18% at 16,954.50 as of 10:36 a.m. IST. The S&P BSE Sensex fell 0.11% to 57,589.50. Both […]
Crypto exchange Binance and its CEO sued by CFTC over regulatory violations
Binance Holdings Ltd., the world’s largest cryptocurrency exchange, and Chief Executive Officer Changpeng Zhao, were sued by the US Commodity Futures Trading Commission for allegedly breaking trading and derivatives rules. The CFTC filed the lawsuit Monday in federal court in Chicago. The derivatives regulator said Binance shirked its obligations by not properly registering with it. […]
STT hike could push FPIs to relocate operations to India to save tax
The recent hike in the Securities Transaction Tax (STT) will force many foreign portfolio investors (FPIs), who are unable to claim treaty benefits, to relocate their operations to India. This would allow the FPIs to adjust the STT already paid against their tax outgo , and could result in huge savings, experts said. STT is […]
Five of top 10-firms lose ₹86,447 crore in m-cap; Infosys, TCS, SBI hit hard
Five of the top 10 most valued firms together lost ₹86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit. Last week, the BSE benchmark fell 462.8 points or 0.79 per cent. While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys and […]
Archived
patricia blanchet and leon, community care licensing forms, permanent restrictions after spinal fusion, mlb average exit velocity, is valerie cavazos still married, l steven taylor biography, is envelope glue toxic to dogs, is my expedia itinerary my ticket, how to tell if your tadpole is dying, dpr construction project engineer salary, otama finds out luffy […]
MFs renew demand for cheque writing facility for debt investors
Now that the field is levelled between mutual funds and banks in terms of taxation, the former has renewed the long-standing demand for issuing instruments like cheques for debt fund investors. If approved, the MF debt funds will compete to attract funds parked in savings accounts of investors. ‘Logical conclusion’ Nilesh Shah, Managing Director, Kotak […]