Gold loan companies slip as RBI orders corrective measures for lapses
The issues highlighted by RBI include improper valuation, breaches of loan-to-value (LTV) ratios, and inadequate governance in partnerships with fintech entities, said Shrikant Chouhan, head of equity research at Kotak Securities.
Reliance Infra to raise Rs 2,390 crore via FCCB issue
In a regulatory filing, the company said FCCBs will be unsecured and will have ultra-low cost interest of 5% per annum with a long maturity of 10 years.
For a secure future, Sebi opts for tighter F&O rules
The Securities and Exchange Board of India (Sebi) Tuesday increased the minimum contract size in index derivatives to ₹15 lakh from the current ₹5 lakh, making options trading costlier. At the same time, it reduced weekly index product offerings to just one per exchange, seeking to curb frenzied speculation among retail traders.
Adani Enterprises set to raise up to $2 billion through a QIP next week
Meanwhile, the Adani Group along with Wilmar will also launch the sale of around a 13% stake in Adani Wilmar by the end of this month or early in November, to cut down the promoter stake in the company to comply with listing regulations, sources said.
Rating companies post more upgrades for India Inc as credit quality improves
For Crisil, overall, there were 506 upgrades and 184 downgrades. The credit ratio increased to 2.75 times in the first half of this fiscal from 1.79 times in the second half of last fiscal. This highlights the sustained strengthening of India Inc’s credit quality.
IPO Rush & Records: 41 companies file papers in Sept, 15 in one day
A record 15 companies registered their IPO documents on the last day of September, taking the total filings for the month to 41 – the highest ever recorded in a single month.
Foreign investments in government bonds top expectations, promise a lot more
The current numbers translate into a monthly flow of around $2.5 billion, which is on the upper end of broad market expectations of a monthly flow of $2-2.5 billion hitting the market due to index inclusion. Given the recent commencement of a US monetary easing cycle – which increases the appeal of emerging market assets […]
Zero brokerage plans nearing expiry
Angel One, India’s third-largest brokerage by client count, introduced a flat fee of ₹20 or 0.1% of turnover (whichever is lower) on cash market transactions starting November 1, anticipating a drop in revenues from the derivative segment. Previously, these transactions were free of charge.
GIFT Nifty records all-time high monthly turnover of $100.7 billion in September
GIFT Nifty achieved a new milestone with a monthly turnover of $100.7 billion in September 2024. This surpasses its previous record of $100.13 billion set in August 2024. This reflects the growing global interest and trust in GIFT Nifty as a benchmark for India’s growth story. NSE IX, the exchange hosting GIFT Nifty, has seen […]
Nifty or Nifty Bank? Each exchange can offer only 1 weekly options expiry from November 20
Market regulator Sebi has tightened the derivative norms by rationalising the weekly expiry contracts for the options segment. Under the new rules, exchanges can offer expiry contracts for only one index.