The stock market crash of 2020 is officially here. On 20th March, as soon as trading began at around 9:30 am on Dalal Street, it had to be halted for around forty-five minutes. Both Nifty and Sensex crashed. Sensex fell to 20,687.52 by 3,090 points. Nifty fell below 10% to under 8,700 points. Once trading resumed …
On 30 July 2021, SEBI permitted AMCs to extend an instant access facility (IAF) in overnight fund schemes. Previously, fund houses were permitted to offer this facility in just liquid schemes. Why is It Significant? Instant Access Facility or IAF allows to credit redemption proceeds in an investor’s bank account on the day of his/her …
The value of Foreign Portfolio Investor (FPI) holdings in India’s NSE stocks exceeded Rs 50 lakh crore as of September 30, according to data from a new study. According to the study, the value of FPI holding touched an unprecedented peak of Rs 54.69 lakh crore as of the end of September. This marks a little …
The merger of Vodafone and Idea was more a question of when than whether. With rising competition from Reliance Jio and deteriorating economics of the telecom industry, the major focus had to be on reducing the number of large players in the industry. This merger will not only reduce the number of large telecom players …
Suzlon Energy Ltd. is a wind turbine supplier based in Pune. On Monday, August 24, the board of directors of Suzlon Energy approved the issuance of Rs 4, 453 crores through non-convertible bonds under its debt restructuring process. The company’s board met to make decisions on two main issues – NCDs issuance by Suzlon Energy …
An Overview Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the purchase of the Andhra Pradesh government’s remaining 10.4 percent share in Gangavaram port for Rs. 645 crore. “The boards of directors of APSEZ and GPL have also approved the merger of GPL and APSEZ, based on GPL’s valuation of Rs 120 per …
In a move to fortify the textile sector, the Indian government has decided to extend the deadline for inviting fresh applications under the Production Linked Incentive (PLI) Scheme for Textiles. The new deadline is set for December 31, 2023, providing interested parties with an extended opportunity to participate in this transformative scheme. India’s Dominance in …
In a game-changing move, RBI Governor Shaktikanta Das has dropped the financial mic, introducing revamped rules for Unified Payments Interface (UPI) transactions and e-mandates. Let’s dive into the nitty-gritty of these exciting updates that promise to reshape the landscape of digital payments. 1. UPI Transaction Limits Get a Mega Boost Hold on to your virtual …
The Indian headline indices were trading lower following a robust rally in the past few trading sessions. The decline was influenced by notable losses in the FMCG, metals, and real estate sectors. IRCON International Ltd, a civil construction company, made headlines following the announcement that the Government of India plans to sell up to 8% …
Direct Listing Revolution in GIFT City The International Financial Services Centres Authority (IFSCA) is steering a transformative shift in India’s financial landscape, targeting the direct listing of Indian companies in the Gujarat International Finance Tec-City (GIFT City) by April 2024. Several Indian companies currently employ American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) to …
