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 …
On August 21, 2024, the Securities and Exchange Board of India (Sebi) imposed a fine of ₹11 lakh on IIFL Securities for violating stock broker rules and other regulatory norms. Sebi’s inspection of IIFL Securities Ltd, conducted from April to July 2022, was aimed at evaluating the firm’s compliance with regulatory requirements. Following the inspection, …
On August 20, 2024, the capital market regulator, the Securities and Exchange Board of India (SEBI), released a consultation paper. The paper proposed significant changes to streamline and expedite the process of raising funds through rights issues. These proposed reforms aim to make rights issues a more attractive option for companies compared to other fundraising …
The Competition Commission of India (CCI) has given the green light to IndusInd International Holdings Limited (IIHL) to acquire a significant stake in Invesco Asset Management (India) Private Limited (Invesco AMC) and Invesco Trustee Private Limited (Invesco Trustee). IIHL, a global investment holding company based in Mauritius, will acquire 60% of the shareholding in both …
The Securities and Exchange Board of India (SEBI) has revealed that a significant portion of its outstanding dues, amounting to ₹76,293 crore, is categorised as “difficult to recover.” This figure represents a 4% increase from the previous year. A significant portion of these difficult-to-recover (DTR) dues is attributed to cases pending before court-appointed committees. Such …
The Securities and Exchange Board of India (SEBI) has relaxed regulations for Category I and II Alternative Investment Funds (AIFs), allowing them to borrow funds to address temporary shortfalls in drawdown amounts. This move aims to simplify business operations for these investment vehicles. Previously, these AIFs were restricted in their borrowing activities, with limitations on …
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 Securities and Exchange Board of India (SEBI) has proposed an expansion of the sustainable finance framework within the securities market, specifically through the introduction of Environmental, Social, and Governance (ESG) debt securities. This move is aimed at providing issuers with greater flexibility in raising funds for projects that align with ESG objectives, broadening the …
Foxconn, the Taiwanese electronics giant known for manufacturing iPhones, has seen its business in India grow to over $10 billion as of June 2024. The company has invested $1.4 billion in the country so far, bringing out its growing investment to India’s burgeoning economy. During his recent visit, Foxconn’s Chairman and CEO, Young Liu, talked …
On Friday, the Reserve Bank of India (RBI) announced stricter regulations for Non-Banking Financial Company-Peer to Peer Lending Platforms (NBFC-P2P Lending Platforms). These updated guidelines aim to enhance transparency and ensure compliance within the industry. The move comes in response to the emergence of certain practices that violate the original guidelines established in 2017. New …
