The Securities and Exchange Board of India (SEBI) has intensified its scrutiny on initial public offerings (IPOs), mandating companies to disclose complaints from whistleblowers, insiders, or anonymous sources against the company or its promoters after submitting their draft red herring prospectus (DRHP). This directive aims to help with transparency in the IPO process, particularly in …
The Competition Commission of India (CCI) has approved a two-part transaction involving Tata Electronics Pvt. Ltd. (TEPL) and Pegatron Technology India Pvt. Ltd. (Pegatron India). The acquisition also includes the transfer of a business undertaking by TEL Components Pvt. Ltd. (TEL) to Pegatron India. What’s the Deal About? The approved combination involves two main steps: …
The Competition Commission of India (CCI) has granted approval for a proposed combination involving multiple inter-connected steps that will result in the acquisition of up to 68.9% shareholding in Roop Automotives Limited (RAL) by CA Carob Investments (Investor). This development marks a significant milestone in the automotive components sector, highlighting increased investor interest in India’s …
Union Minister Nitin Gadkari has unveiled a new nationwide scheme aimed at providing cashless medical treatment for road accident victims. The initiative, set to launch by March 2025, will cover medical expenses up to ₹1.5 lakh for seven days, ensuring timely and efficient care for accident victims. Cashless Treatment and Immediate Support The scheme promises …
Blackstone-backed ASK Investment Managers and Monarch Networth Capital have both applied to the Securities and Exchange Board of India (SEBI) for mutual fund licenses, signalling their intent to expand into the mutual fund market. Monarch Networth Capital filed its application with Sebi on December 31, 2024, while ASK Investment Managers had submitted theirs earlier, in …
The National Stock Exchange of India (NSE) announced on Tuesday, January 7, 2025, the inclusion of 6 new securities in its Futures and Options (F&O) segment. These changes will come into effect from January 31, 2025. New Inclusions in F&O Segment The stocks to be included are: Castrol India Gland Pharma NBCC Phoenix Mills Solar …
On January 7, 2025, the BSE Sensex ended in green closing at 78,199.11, up by 0.30% and the NSE Nifty50 closed at 23,707.90, rising by 91.85 points or 0.39%. Sectoral Performance On Tuesday, Nifty IT ended in the red. Nifty Oil & Gas, Nifty MidSmall Healthcare and Nifty Media ended in green. Nifty Oil & Gas and …
Central banks across the globe added 53 tonnes of gold to their reserves in November 2024, as per the World Gold Council’s (WGC) latest report. The surge in purchases, primarily led by emerging markets, reflects the continued demand for a stable asset amidst economic uncertainties and fluctuating global markets. Key Contributors to Global Gold Purchases …
The Securities and Exchange Board of India (SEBI) has introduced revised settlement norms for brokerage accounts inactive for over 30 days. The new rules aim to enhance operational efficiency and address concerns raised by the brokerage industry regarding stringent timelines for returning client funds. These changes are expected to reduce the procedural burden on brokers …
The Nifty Bank Index is a key benchmark for tracking the performance of India’s most liquid and large banking stocks. It comprises a maximum of 12 companies listed on the NSE. Steepest Single-Day Drop On January 6, 2025, the Nifty Bank witnessed its sharpest single-day fall in the past 4-months. The index plummeted by 1,128 …
