Unicommerce eSolutions Limited, a Software-as-a-Service (SaaS) company, received the Securities and Exchange Board of India (SEBI) approval for its initial public offering (IPO) plan on Monday, July 1, according to the markets regulator filing. The Delhi-based company plans to offer up to 2.98 crore equity shares with a face value […]
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India is taking steps to reduce the paperwork required for foreign investors to purchase its sovereign bonds, according to a Bloomberg report citing an unnamed source. This move follows a Bloomberg report highlighting foreign investors’ challenges due to the extensive paperwork involved. Also Read | Mumbai local train update: 5-hour […]
To boost participation of small investors in the securities market, Sebi on Friday increased the threshold for the basic service demat account to ₹10 lakh from the current ₹2 lakh. The new guidelines will come into force from September 1, the Securities and Exchange Board of India (Sebi) said in […]
Asian markets traded higher, while US stock market indices ended overnight with minor gains as Treasury yields dropped. On Thursday, the Indian stock market indices extended the rally with the Sensex crossing above 79,000 level and the Nifty 50 surpassing 24,000-mark for the first time. The Sensex jumped 568.93 points, […]
Shares of listed holding companies such as Pilani Investment and Industries Corp., Kalyani Investment Co. and Nalwa Sons Investments jumped as much as 20% on Monday, following a regulatory move that is expected to aid price discovery and increase liquidity. Holding companies typically hold various investments, including shares of other […]
Media reports on Sunday, June 23, suggested that the Securities and Exchange Board of India (SEBI) conducted search operations at Quant Mutual Funds’ premises in Mumbai and Hyderabad on suspicion of front-running. However, the fund house has clarified to its investors regarding the SEBI probe, saying it is “fully committed […]
Avanse Financial Services Ltd has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Avanse Financial Services Limited is an Indian non-banking financial corporation (NBFC) with an emphasis on education. The company offers a […]
Mumbai: The Reserve Bank of India and the markets regulator are monitoring the high volume of trading in the futures and options segment, RBI governor Shaktikanta Das said, but ruled out any signs of overheating in the financial market. The Securities and Exchange Board of India is is fully seized […]
Markets regulator Sebi on Friday cancelled the certificate of registration of Grovalue Financial Services for flouting regulatory norms. The Securities and Exchange Board of India (Sebi) inspected the matters of Grovalue Financial Services, a Sebi-registered research analyst, from April 2021 to August 2022. The inspection was carried out to verify […]
“Without sufficient depth in the underlying cash market and appropriate position limits around leveraged derivatives, there can be higher risks of market manipulation, increased volatility, and compromised investor protection,” SEBI said in its consultation paper. Also read: From ₹3.8 to 21.68: This multibagger penny stock soared 470% in over 2 […]