Sebi gets till August 14 to submit probe report
“We are not granting an indefinite extension of time. If there is some genuine difficulty, you let us know,” the bench headed by chief justice DY Chandrachud told solicitor general Tushar Mehta, who appeared for Sebi. “We could have given you time till September 30… but on August 14, tell us which stage are you […]
AWS to invest $12.7 billion in India till 2030
India remains a “bright spot” amid a period of unprecedented global uncertainty, where businesses are increasingly turning conservative, according to CEO Selipsky.
Investors rush to hedge amid rising volatility in the market
Investors are hedging portfolios at a record pace amid the rising market volatility, with benchmark indices just 3% away from peaks. This is reflected in a record high open interest of the index put option contracts. The total open interest of the put options on the index reached 58.2 lakh on a twenty-day rolling basis […]
Vedanta Resources Ltd taps global banks for $500-600 million loan
VRL, headquartered in London, aims to borrow the money through its Zinc International unit. Following delays in securing funds from Farallon Capital Management, VRL has resumed discussions with banks to explore alternative financing options.
Debt ceiling issue a concern beyond the US, local indices decline further
The Sensex ended at 61,560.64, down 371.83 points or 0.6% from the previous close. The Nifty declined 104.75 points or 0.57% to end at 18,181.75. Short covering in the later part of the day helped both the indices recoup some of their losses after falling nearly 1% earlier in the session.
Mood turns risk-off, rupee slips to 82.39
Speculation of more US rate hikes following comments to that effect by members of the Federal Reserve also contributed to mounting robustness in the dollar index, exacerbating the pressure on the rupee.
Parents of FPIs to be considered as ‘legal entity’
FPIs registered with the Securities & Exchange Board of India (Sebi) are often arms of offshore mother institutions. In such cases, the registration is typically in the name of the sub-fund or the branch of a bank. Thus, the parent organisation of an FPI is not readily identifiable.
Goldman Sachs slashes Adani Group stakes in ESG funds
Following the retreat, Goldman Sachs Asset Management’s actively managed ESG fund exposure to Adani was limited to a stake of roughly 400,000 shares in Ambuja Cements, the data show.