FM Nirmala Sitharaman flags mis-selling of insurance, calls for collateral free loans to MSMEs
Indian Finance Minister Nirmala Sitharaman raised concerns about insurance mis-selling, emphasizing its contribution to higher borrowing costs for customers. She urged banks to focus on affordable lending rates to support industrial growth and advocated for digital financial inclusion. Sitharaman highlighted India’s economic resilience and the need for transparency in banking practices.
Govt revises norms for dividend payout, share buybacks for state-run firms
The Indian government has updated its guidelines for Central Public Sector Enterprises (CPSEs) capital restructuring. The revisions include new minimum dividend payout ratios and criteria for share buybacks, bonus share issues, and stock splits to improve financial management.
Scammers using hope, fear and greed to cheat investors, says Zerodha’s Nithin Kamath
Nithin Kamath warns about the increasing online fraud scams targeting investors. He advises caution and verification before making investment decisions. He emphasizes not acting in haste and avoiding opportunities that seem too good to be true. These scams exploit human emotions like hope, fear, and greed.
Gold down, Bitcoin up! How Trump’s victory changed financial market dynamics
Gold prices have dropped nearly 5% while Bitcoin surged 30% following the recent U.S. election. This market shift is attributed to expectations of Republican policies potentially driving economic growth and inflation. While gold’s decline is linked to a strengthening U.S. dollar, Bitcoin’s rise is fueled by its appeal as a hedge against inflation and its […]
Sebi asks CRAs to verify issuers’ funds availability, escrow payments in certain cases
These additional guidelines have been introduced to address scenarios of non-payment of debt (principal or interest) caused by factors beyond the issuer’s control.
BofA sells 18 lakh shares worth Rs 62 crore in this smallcap stock via block deal
Bank of America sold 18 lakh shares of Tilaknagar Industries to Societe Generale via a block deal at Rs 338.65 per share. Both were existing shareholders in the company. This sale slightly reduced BofA’s stake in Tilaknagar.
Asia Index launches BSE Select IPO, check criteria
This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of new companies across all the major sectors in India.
Tech view: Nifty slips below 23,540 mark, breaches 200 DEMA. How to trade tomorrow
The Nifty closed lower on a negative note, breaking below its 200-day EMA support. The volatility index India VIX surged, indicating increased market volatility. The short-term trend is bearish, with support at 23,300 and resistance at 23,600. The highest OI on the call side is at 23,500 and 23,600, while on the put side, it’s […]
5,500% returns in 1 year! This multibagger stock announces stock split, bonus shares
Bharat Global Developers announced an 8:10 bonus share issue and a 1:10 stock split. The stock surged 5% on the news. The record date for the bonus and split is yet to be announced. The estimated completion time is 2 months.
NTPC pays Rs 2,424 cr as dividend to shareholders
NTPC CMD Gurdeep Singh, along with the Board of Directors of the company, presented the “payment advice of Rs 1,238.84 crore, representing the government’s share to the Minister of Power Manohar Lal, Power Secretary Pankaj Agarwal”, it added.