Rating financial instruments not in Sebi ambit? Get RBI’s NOC
These instruments-marketed to financial institutions, private equity houses, corporate treasuries, retail investors as well as fund houses and portfolio management firms-don’t come under Sebi’s regulatory domain, which is primary regulator for credit rating agencies.
RBI steps keep average call rates in check
The Reserve Bank of India has been managing surplus liquidity in the banking system. The goal is to align the weighted average call rate with the repo rate of 6.50%. However, rates in the tri-party repo segment have been below the repo rate for four months. The Treps rate was 6.34% in October and 6.42% […]
Too early to panic about India, but good to be awake & aware: Brian Friedman
When you start to look past the US today, there’s a good argument that the most interesting market is India. Now the question will be the extent of the opportunity and the durability. If supportive policies continue and if corporates can grow their investments, this could be a fundamentally game-changing cycle
Patient investors may subscribe to Swiggy IPO
The IPO, which opens Wednesday and closes Friday, has been priced in the band of ₹371-390 per share. The grey market premium – the price in the unofficial market that investors pay for the shares before listing – was at ₹20 for Swiggy on Tuesday, a 5% premium to the upper price band of ₹390.
Sensex rebounds 694 points with strong buying in metals, banks
NSE’s Nifty rose 217.95 points, or 0.91%, to end at 24,213.30. BSE’s Sensex gained 694.39 points, or 0.88%, to close at 79,476.63. The gains were the highest in a day since September 20. The upside was fueled by metal and bank stocks.
Adani Energy, Oberoi Realty, BSE could join MSCI Global
With foreign institutional investor headroom in HDFC Bank remaining above 20% in the quarter ended September, India’s largest private-sector bank is set to attract an additional $1.8 billion in foreign inflows.