Parliamentary Finance Panel calls Sebi, other regulators
This was decided at the first meeting of the parliamentary finance panel on Tuesday, which was attended by around two-dozen MPs and chaired by BJP MP Bhartruhari Mahtab. Former FM and senior Congress leader P Chidambaram is a part of the 31-member panel.
At Rs 27,800 crore, Hyundai Motor makes India’s largest IPO even bigger
This will be India’s largest public issue, surpassing the previous record set by the ₹21,008-crore public issue of the state-owned Life Insurance Corporation of India in May 2022.
D-Street ends 6-Day losing streak as China stocks retreat from highs
Elsewhere in Asia, China advanced 4.6%, while Hong Kong, considered a proxy for China in the past week because of the holiday in mainland markets, plunged 9.4%, the biggest single-day fall since 2008. South Korea declined 0.6% and Taiwan dropped 0.4%.
No big bang for festival season from Nifty50 companies, Sept quarter to be muted
Revenue is expected to grow by 5.6%, the lowest in nine quarters under observation. Net profit may grow by 11% helped by select companies in the banking, finance, pharmaceuticals and telecom sectors.
Nifty’s over 4% falls in a week mostly recovered within 3 months: Study
Mid-cap and small-cap stocks also fell in such periods, tracking the benchmark indices. In the subsequent three months, the mid-cap index rose seven times and fell thrice, while the small-cap index gained six times and declined four times.