Canara Bank gets RBI nod to divest stake in Canara Robeco AMC, Canara HSBC Life Insurance via IPO
Banking regulator Reserve Bank of India (RBI) has given its nod to Canara Bank to divest its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company by 13% and 14.5% respectively through Initial Public Offer (IPO).
Sebi asks merchant bankers to upload IPO documents on exchange’s repository platform
Markets regulator Sebi on Thursday asked merchant bankers to upload and maintain due diligence documents related to public issues on the repository platform maintained by stock exchanges. The uploaded documents can be accessed by the relevant merchant banker using individual login credentials.
Swiggy and Hyundai Motors among 11 midcap stocks eyeing largecap status
Nuvama Alternative Research estimates the large-cap cut-off to rise to approximately Rs 99,200 crore and the mid-cap threshold to around Rs 32,400 crore, up from Rs 84,000 crore and Rs 27,500 crore, respectively, as of June 2024.
Sebi orders Mishtann Foods to bring back nearly Rs 100 crore misappropriated funds
Sebi has ordered Mishtann Foods to return nearly Rs 100 crore misappropriated through dubious transactions. The regulator found that the company engaged in circular trading with shell entities controlled by its directors. Key individuals have been barred from trading for two years.
Sebi mulls introducing auction session at market close to reduce price volatility
Markets regulator Sebi on Thursday proposed introducing a Close Auction Session (CAS) framework in the country to determine the closing price of stocks in the equity cash market.
Riding the wave: 9 stocks that FIIs piled into soared over 200% this year
Monitoring the actions of large institutional investors can provide valuable insights, as they usually perform in-depth research before making investment choices. An ETMarkets study indicates that foreign institutional investors (FIIs) have consistently raised their investments in 253 stocks during the past three quarters (January to September 2024). Additionally, we focused on stocks with a market […]
Sebi sounds caution against unregistered online platforms offering unlisted debt securities
Sebi has warned investors against unregistered online platforms offering unlisted debt securities. These platforms lack regulatory oversight and investor protection. Investing in such securities could lead to legal and regulatory risks.
Banks & financials likely to generate alpha & lead market in next 8-10 sessions: Rahul Sharma
Market expert Rahul Sharma sees Nifty reaching 24,800, fueled by strong banking and financial stocks. Private banks like ICICI and HDFC offer momentum plays. PSU banks provide better long-term value. Sharma recommends a basket of L&T, NTPC, Bharat Electronics, UltraTech Cement, and Siemens, anticipating a capex revival. CDSL and BSE offer profit-booking opportunities, while Angel […]
Vodafone Idea to raise Rs 2000 cr from Vodafone Group
Debt-ridden telecom firm Vodafone Idea on Thursday said its board will consider a proposal to raise Rs 2,000 crore from entities belonging to promoter Vodafone Group.
Tech View: Nifty gives inverse heads & shoulders breakout. What are cues for Friday trade?
Indian stock markets rose for a fifth day, led by IT and banking sectors. Sensex gained 1% to 81,765, Nifty rose 0.98% to 24,708. Analysts see continued bullishness with next resistance at 24,850.