How a $2.6 trillion fund was taken for a ride: Andy Mukherjee
India’s market regulator SEBI has discovered a scheme led by former stockbroker Ketan Parekh to profit from confidential trade information of Capital Group. Parekh used WhatsApp groups to share the trade details, enabling others to profit before the trades were made. SEBI has restricted those involved from trading and ordered the return of illegal profits.
Leo Dry Fruits shares to debut today. Check GMP to know listing potential
Leo Dry Fruits and Spices is set to debut on the BSE SME platform with an expected 31% premium over the IPO price, driven by strong grey market interest. The company’s Rs 25-crore IPO was oversubscribed 180 times, and proceeds will fund working capital, marketing, and corporate purposes. Leo’s diverse product range and significant revenue […]
Asian stocks track US drop on tech, inflation risk
Traders, who as recently as late September were fully pricing in another Fed rate cut by March, scrapped wagers that there will be one until the second half of the year. Separate data Tuesday showed job openings rose to a six-month high in November, boosted by a jump in business services — while other industries […]
Ind-Ra downgrades FY26 outlook for microfin companies
The sector-specific headwinds are expected to inflate operational and credit costs for microfinanciers in the medium term, Ind-Ra said. The rating agency expects asset quality stress for micro finance companies to continue in the near term with tightening of funding by banks and capital raising constraints expected to add to the challenges of the sector.
F&O activity shows signs of cooling as regulatory curbs bring intended effect
Now, exchanges offer weekly contracts of only their benchmarks. Nifty weekly contracts expire every Thursday, and Sensex contracts expire on Fridays. As a result, the volatility has been restricted to these two days. Starting January 1, Sensex weekly contract expiries have shifted to Tuesday from Friday.
Rupee logs best single-day gain since late Nov to close at 85.71 against US dollar
The Indian rupee made its biggest single-day gain since late November, closing 12 paisa up at 85.71 per dollar as the dollar index fell to a one-week low. Dollar sales by foreign banks and RBI’s control measures influenced the rupee’s movement. Key US job data is awaited for further cues.
India IPO volumes likely to double from 2024 levels: Goldman Sachs’ Iain Drayton
Pace at which PEs are leaning into India, Japan and ANZ is striking, said top Asian dealmaker. Global capital according to him is truly diversifying in the region as new opportunities spring up across the region. Beijing’s recent fiscal stimulus to spur domestic growth and demand may have opened up a window of opportunity not […]
Investors of ITC, its hotels arm may gain in demerger
As per the merger scheme, ITC itself would retain 40% of the hotel shareholding, and the remaining 60% would be held by the existing ITC shareholders.
Nifty 50 companies likely to post gradual recovery in December quarter
According to the ETIG quarterly estimates, the sample’s revenue and net profit may grow by 5.7% and 13.2%, respectively. In the previous quarter, revenue and profit had grown by 5.6% and 6.7%, respectively.
Sea change in regulatory top deck this year
India’s banking and financial regulation landscape is likely to see changes. The Reserve Bank of India recently appointed a new governor. Several deputy governors, as well as heads of the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority, will complete their terms in the coming months. Markets are watching these […]