The Securities and Exchange Board of India (SEBI) has proposed a significant regulatory change that would mandate Qualified Stock Brokers (QSBs) to offer their clients the facility of trading in the secondary market using the UPI-based block mechanism. This mechanism is similar to the Application Supported by Blocked Amount (ASBA) facility currently used in the …
The leading Nasdaq-listed provider of decarbonization solutions is ReNew (Nasdaq: RNW). ReNew has one of the largest clean energy portfolios in the world, with a gross portfolio of about 15.6 GW as of May 9, 2024. We are not only one of India’s largest independent power producers, but we also offer comprehensive solutions in the …
The Securities and Exchange Board of India (SEBI) is set to unveil the results of a comprehensive stress test conducted on equity mutual funds. This marks a significant departure from the regulator’s previous approach to evaluating individual funds. Ananth Narayan, a whole-time member of SEBI, revealed insights into the stress test at a recent conference. …
Big changes are coming to the Nifty 50 index, with Bharat Electronics Ltd. (BEL) and Trent Ltd. stepping in to replace Divi’s Laboratories Ltd. and LTI Mindtree Ltd. from September 30, 2024. This is part of the National Stock Exchange’s (NSE) semi-annual review, and it’s a major shakeup for the index. BEL, a state-owned defense …
The National Stock Exchange(NSE) is shaking things up with new rules for small and medium enterprises (SMEs) that want to list on its NSE Emerge platform. Starting September 1,2024 companies will need to show positive free cash flow (FCF) for at least two out of the last three years to be eligible inorder to ensure …
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 …
