Sebi orders finfluencer ‘Baap of Chart’ to refund fee collected from investors
Capital market regulator Sebi has barred Nasiruddin Ansari and associates, operators of the Baap of Chart platform, from accessing the securities market for providing unregistered investment advisory services. Sebi instructed them to refund Rs 17 crore to investors through an escrow account and publish notice in national newspapers.
Top 6 high-performing equity MF schemes of CY24 and their winning picks
In today’s Mutual Fund Analysis, ETMarkets highlights the top six equity mutual fund schemes that have delivered over 40% growth in CY24 to date.
Ganesh Infraworld IPO sees strong subscription on Day 2 as GMP rises: Check details
The company plans to raise ₹98.6 crore through its SME IPO by issuing 1.18 crore fresh equity shares, with a listing on the NSE SME platform. The net proceeds will be utilized for long-term working capital needs and general corporate purposes.
Flexible workspace provider Smartworks receives SEBI approval for IPO
Smartworks, a flexible workspace provider, has received SEBI approval for its IPO. The company operates in 13 cities in India and has expanded to Singapore. Keppel Ltd. is a major investor in Smartworks, having invested $29 million.
Sebi gives nod to Shriram Properties’ CMD Murali Malayappan for indirect acquisition
Sebi’s exemption order on Monday stated that the indirect acquisition would not alter the control of Shriram Properties, with the promoter and promoter group retaining a 27.94% stake in the company post-acquisition.
Torrent Power’s QIP opens today. Co sets floor price at Rs 1,555.75
Torrent Power has opened its QIP issue with a floor price of Rs 1,555.75 per share. The final issue price will be determined later. Torrent Power is a leading integrated power utility in India.
Sebi orders attachment of bank, demat accounts of Reliance Big Entertainment
Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore. Before this, the markets watchdog on November 14 sent a notice to Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) […]
Tech View: Nifty forms Bullish Harami pattern on the daily timeframe. How to trade on Tuesday
Monday’s market activity indicates that weak GDP data had already been factored in, with traders now shifting their attention to the RBI’s upcoming monetary policy decision and potential rate action later this week, according to Gaurav Garg, Research Analyst at Lemonn. While a pause on rate cuts is broadly expected due to inflation concerns, he […]
Nitish Mittersain on buying Trinity Gaming, initiating gCommerce & more
Nazara Technologies plans to boost monetisation by integrating e-commerce into gaming and using innovative approaches. They are incorporating AI to enhance game development and player engagement. Nodwin, their esports arm, is expanding its IPs and improving profitability. This strategy includes significant investments and aims for substantial revenue growth in the coming years.
FY25 should be one of strongest years; expect 1-1.5% margin expansion a year: CAMS CEO
Anuj Kumar, Director & CEO of CAMS, highlights that despite recent market corrections, the company expects FY25 to be one of its strongest years. CAMS continues to dominate by winning 70-80% of new bids, focusing on execution and margin expansion, and anticipates significant revenue and profit growth driven by mutual funds and associated business lines.