The Financial Services Commission (FSC) of Mauritius refuted allegations from the new Hindenburg Research report concerning offshore funds linked to Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch. The FSC clarified that the funds mentioned—IPE Plus Fund and IPE Plus Fund 1—are not registered in Mauritius and do not fall under its …
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 Insolvency and Bankruptcy Board of India (IBBI) has announced a new measure to upgrade the authenticity and verification of valuation reports under insolvency law. According to a circular released recently, IBBI will now issue a unique Valuation Report Identification Number (VRIN) for each valuation report prepared under the Insolvency and Bankruptcy Code (IBC). This …
Tuesday proved to be a turbulent day for the Indian stock markets, with both the Sensex and Nifty witnessing a significant downturn. Each of these benchmark indices lost approximately 0.90%, sending ripples of concern through investors. However, the most notable impact was observed in the Nifty Bank Index, which faced a strong sell-off, primarily driven …
Morgan Stanley Capital International is the primary name of MSCI. This investment research company offers institutional investors and hedge funds stock indexes, portfolio risk and performance analytics, and governance tools. The benchmark indexes that MSCI is most well-known for are the MSCI Frontier Markets Index and the MSCI Emerging Markets Index. Every year, the company …
The Comptroller and Auditor General of India (CAG) audits all financial transactions of the Central and State governments, including funds, deposits, and debts. Additionally, the CAG advises the President on record-keeping processes for both the Centre and the States.The Indian Railways, regarded as the backbone of the country’s transport infrastructure, is under scrutiny due to …
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 Reserve Bank of India (RBI) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 % based on an assessment of the current and evolving macroeconomic situation. The Standing Deposit Facility (SDF) rate has been maintained at 6.25%. The Bank Rate also stays unchanged at 6.75%. Four out …
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 …
Introduction: A Milestone in Indian Financial Markets The National Stock Exchange of India (NSE) celebrated a significant milestone as it crossed the 10 crore (100 million) unique investor mark. This achievement is not just a testament to the growth of the NSE but also a reflection of the evolving investment landscape in India. In this …
