The NSE Nifty IT index is among the best-performing sectors on Monday, gaining almost 2% and reaching its highest level since March 18, 2024. June Performance: A Historic High The NSE Nifty IT index registered its sharpest rise in June in 20 years, with the technology benchmark index surging 11.6% last month. This marks the …
India, now the fifth-largest equity market globally, has witnessed a remarkable surge in its market capitalization, adding over USD 1 trillion in the last six months. This relentless rally has propelled the frontline indices to new record highs, driving increased participation in the market. Market Capitalization Surge Since the start of 2024, the combined market …
The Securities and Exchange Board of India (SEBI) has issued a circular outlining new guidelines for the Basic Services Demat Account (BSDA), aimed at promoting financial inclusion and simplifying the investment process for individuals. These new rules, effective from September 1, 2024, build upon previous directives and are designed to further boost participation in the …
On June 27, 2024, Hitachi Payment Services received the Reserve Bank of India’s final authorization to operate as an Online Payment Aggregator under the Payments and Settlements Act, 2007. This end-to-end payments and commerce solutions provider will now be able to expand its digital solutions and services stack to encompass a comprehensive suite of innovative …
The Securities and Exchange Board of India (SEBI) has introduced a new listing timeline for debt securities, including non-convertible debentures and non-convertible redeemable preference shares, to enhance market efficiency and expedite the listing process. SEBI Shortens Listing Timeline SEBI announced that the listing of these debt securities must now occur within T+3 working days, a …
The Securities and Exchange Board of India (SEBI) has proposed new measures to restrict the association of regulated entities with unregistered financial influencers, commonly known as “finfluencers.” This initiative aims to protect investors and ensure that credible and regulated sources provide financial advice and promotions The Rising Influence of Finfluncers In recent years, financial influencers …
The Securities and Exchange Board of India (SEBI) has recently made significant revisions to its ‘Trading Plans’ framework, mainly focused at facilitating compliant trading practices among insiders who regularly handle unpublished price-sensitive information (UPSI). Reduction in Cool-Off Period SEBI’s latest circular reduces the minimum cool-off period required between the disclosure and implementation of a trading …
On June 26, Radisson Group issued a press release of its latest announcement of the signing of 10 new hotels in just 4 days. These signings took place across 4 brands of the group including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The group had also entered 5 new markets …
On the first day of India’s 2024 spectrum auction, telecom companies placed bids worth a substantial amount of Rs.11,000 crore. The bidding took place over five rounds, showcasing the high demand for spectrum resources among major telecom players. Strong Industry Participation The auction, conducted by the Department of Telecommunications, witnessed participation from key industry players. …
Shree Cement Limited is India’s third-largest cement manufacturer by capacity. Since its foundation in 1979, the company has been committed to the cause of sustainable, inclusive growth through the pursuit of innovation and operational excellence. The company is currently a member of the RE100 initiative, committing to transition 100% of its electricity consumption to renewable …
