Sebi allows MFs to invest in overseas funds with exposure to Indian securities
The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their overseas investments, Sebi said in a circular.
IRCTC Q2 Results: PAT rises 4% YoY to Rs 308 cr; co declares dividend of Rs 4/share
The company reported consolidated revenue from operations of Rs 1,064 crore for the reporting period, a 7% increase from Rs 992 crore in the same period last year. The board has announced an interim dividend of Rs 4 per share with a face value of Rs 2 each for FY25. November 14 has been set […]
Sebi mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees
The regulator has proposed changes to how the Recovery Expense Fund is used, which supports debenture recovery processes and suggested to standardize the format of Debenture Trust Deeds to streamline documentation.
Sebi orders Embassy Office Parks to suspend CEO for violating compliance norms
Sebi directed Embassy Office Parks to suspend CEO Aravind Maiya following an NFRA order that debarred him for ten years over alleged professional misconduct linked to his role as an auditor for Coffee Day Enterprises. NFRA’s findings highlight serious lapses in audit standards and due diligence under Maiya’s watch.
Dr Reddy’s Labs Q2 Preview: Healthy double-digit revenue growth seen, but PAT may fall
For the July-September 2024 period, net profit is expected to decline by 3% year-on-year, based on the average estimate from four brokerages. Sales, however, are projected to increase by 13% year-on-year, according to the estimates.
Goldman Sachs, Nomura buy stake in Afcons Infrastructure despite muted listing
Goldman Sachs and Nomura picked up stakes in Afcons Infrastructure through bulk deals, despite the stock’s negative listing. Afcons Infrastructure’s muted debut was due to negative market sentiments and lower-than-expected subscription, primarily caused by the parent’s higher OFS and challenging phase.
Nearly 98 per cent Rs 2000 banknotes returned; Rs 6,970 cr worth notes still with public
The Reserve Bank of India reported that almost all Rs 2000 banknotes have been returned. The bank withdrew the notes from circulation on May 19, 2023. The total value of these notes was Rs 3.56 lakh crore. The RBI said that 98.04 percent of the notes are back in the banking system.
Tech view: Nifty’s short-term trend remains weak, critical support at 200 DEMA. How to trade tomorrow
Nifty’s short-term trend remains downward, with potential for further weakness. The next key support level to watch is around 23,500, aligning with the 200-day EMA. Any rebound from this level is likely to encounter strong resistance near 24,200, according to Nagaraj Shetti of HDFC Securities.
This midcap mutual fund turned Rs 10,000 monthly SIP to over Rs 1 crore in 25 years
In the last 25 years, one mid-cap mutual fund transformed a Rs 10,000 monthly SIP into over Rs 1 crore, with four mid-cap funds completing 25 years in the market. Notably, Nippon India Growth Fund turned a Rs 10,000 monthly SIP into Rs 1 crore, achieving an XIRR of 22.84% during this period.
Global headwinds and high valuations driving Indian markets lower: Shreyash Devalkar
Thirdly, there are some global factors as well that what is the trajectory of China’s stimulus, so that has been one of the key factors, which in the last year, when some of the FIIs might have thought about China also as an investment class. But after that, again, China has corrected as well