India’s leading ecommerce platform for used vehicles, Cars24, has raised $450 million in new funding round, nearly doubling its valuation to $1.84 billion. This includes a $340 million Series F equity funding round and a $110 million one from multiple financial institutions. The funding rounds were led by SoftBank Vision Fund 2, Falcon Edge, and …
An Overview According to a group of experts, India should postpone a plan to decrease stock transaction settlement times since it increases the danger of local brokerages defaulting and reduces the country’s appeal to international investors. The Securities and Exchange Board of India, India’s capital market regulator, has proposed allowing stock exchanges to offer next-day …
Surge in M-Cap In last week’s market evaluation, four out of the top ten most valued companies added a total of Rs. 65,464 crore. The most significant winners over the past trading week were Bharti Airtel and SBI. In the past week, the benchmark for 30-share BSE increased 710 points or 1.21%. On Thursday, for …
The National Stock Exchange (NSE) is reportedly weighing the possibility of withdrawing the stop loss market order facility for options trading, so as to curb losses in the wake of freak trades. It may be recalled that many incidents of freak trades have occurred in the recent past in the F&O segment, and stop loss …
An Overview Last week, the finance minister said that the government will back securities issued by NARCL to acquire bad loans worth Rs. 2 lakh crore with a total of Rs. 30,600 crore in government guarantees. She said that NARCL will buy these loans that are completely guaranteed by banks, reducing problematic loans on banks’ …
The telecom sector will soon witness its second series of reforms, which will focus on creating and empowering mobile phone operators so as to touch the farthest corners of India and expand abroad, according to news reports citing statements by the Cabinet minister for IT and railways. The minister also noted that the pricing of …
An Overview Because of internal reasons such as increased rates on government securities and a higher cut-off established by the central bank at a reverse repo auction amid poor demand from investors, yields on corporate bonds, T-bills, and commercial papers are up 5-15 basis points across tenures. Bond yields in the United States have a …
An Overview The International Monetary Fund warned on Friday that the introduction of digital currencies in emerging areas might lead to the “cryptoization” of local economies, eroding exchange and capital regulations, and disrupting financial stability. According to U.S. blockchain researchers, bitcoin and other coins have skyrocketed in price and popularity in the previous year, with …
Global investment fund, The Blackstone Group, reduced its stake in Embassy Office Parks REIT by 6%. Earlier, Blackstone had a stake of 38%. Presently that has reduced to 32%. Blackstone took this step to monetise some of its investments. The sale of these units was made in the open market via block deals. Check out …
Ami Organics made an impressive stock debut as its shares got listed on the bourses at a 49% premium. Since listing, the share price of this Surat-based specialty chemical manufacturer has surged 84% from its IPO issue price of Rs. 610 per unit. Moreover, on 15 September 2021, Thursday, Ami Organics share price surged 20% to …
