Sebi has taken a significant step to protect investors from misleading financial advice by cracking down on unregulated financial influencers, or ‘finfluencers’. The securities regulator has removed over 15,000 content sites created by these influencers in the past three months alone. This action aligns with Sebi’s decision in July to prohibit regulated entities from associating …
The Securities and Exchange Board of India (SEBI) has proposed a significant regulatory change that would mandate Qualified Stock Brokers (QSBs) to offer their clients the facility of trading in the secondary market using the UPI-based block mechanism. This mechanism is similar to the Application Supported by Blocked Amount (ASBA) facility currently used in the …
Big changes are coming to the Nifty 50 index, with Bharat Electronics Ltd. (BEL) and Trent Ltd. stepping in to replace Divi’s Laboratories Ltd. and LTI Mindtree Ltd. from September 30, 2024. This is part of the National Stock Exchange’s (NSE) semi-annual review, and it’s a major shakeup for the index. BEL, a state-owned defense …
On August 10, 2024, Hindenburg Research, a US-based short seller firm, made a fresh allegation involving Adani Group and the SEBI Chairman, Madhuri Buch. The firm alleged that SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch had a stake in obscure offshore entities used in Adani’s ‘money siphoning scandal’. Joint Statement by Madhabi …
The Securities and Exchange Board of India (SEBI) has fined Nippon Life India Asset Management Ltd (AMC) (AMC) and Nippon Life India Trustee Ltd for violating regulations related to Total Expense Ratio (TER) charging. The regulator fined the AMC ₹2 lakh and the trustee ₹1 lakh for charging TER of various schemes to the AMC’s …
The leading Nasdaq-listed provider of decarbonization solutions is ReNew (Nasdaq: RNW). ReNew has one of the largest clean energy portfolios in the world, with a gross portfolio of about 15.6 GW as of May 9, 2024. We are not only one of India’s largest independent power producers, but we also offer comprehensive solutions in the …
One sectoral index that has caught the attention of market participants in 2024 is the Nifty Pharma index. Despite market volatility and recent news flow creating discomfort among investors, this index has managed to deliver an impressive 30% gain in 2024. The Nifty Pharma index has significantly outperformed the broader Nifty 50 index, which has …
The Indian benchmark indices exhibited a strong performance on Tuesday, with the Nifty50 index trading above its critical psychological mark of 24,700, and the Sensex inching closer to the 80,900 level. The bullish momentum was observed across the majority of sectoral indices, particularly led by Nifty IT and Nifty PSU Bank, both of which were …
The National Stock Exchange(NSE) is shaking things up with new rules for small and medium enterprises (SMEs) that want to list on its NSE Emerge platform. Starting September 1,2024 companies will need to show positive free cash flow (FCF) for at least two out of the last three years to be eligible inorder to ensure …
REITs, or Real Estate Investment Trusts, are investment trusts that own and manage real estate properties, producing capital gains on their investments as well as consistent income, much like mutual funds. They aggregate investor capital, providing investors with a liquid means of entering the real estate market, portfolio diversification, and long-term capital growth. Other than …
