Sebi launches FPI outreach cell for seamless market access
Sebi has launched a dedicated Foreign Portfolio Investor (FPI) outreach cell to enhance the experience of foreign investors in the Indian securities market. The cell will assist FPIs with documentation, compliance, and operational challenges, aiming to simplify the registration process and attract more foreign capital.
These 8 commodities stocks hit fresh 52-week highs; have rallied up to 30% in a month
Hitting a 52-week high signifies a stock’s peak performance over the past year, providing crucial information for those navigating the market.
Tech view: Nifty closes above 26k mark, near-term uptrend intact. How to trade tomorrow
Nifty’s minor positive candle with an upper shadow suggests a potential pause after its recent rally. The uptrend remains, but expect range-bound movement or a slight dip in the next couple of sessions. Key levels to watch are resistance at 26,250 and support at 25,800.
Expecting FDI to increase to USD 100 bn/annum in coming years: DPIIT Secy
New Delhi is receiving USD 70-80 billion in foreign direct investments annually and aims to reach USD 100 billion per year. The government is easing norms in sectors like defense, railways, insurance, and telecom to attract more investments. FDI inflows have significantly increased over the past decade.
HEG shares rally 10% on announcing October 18 as record date for 1:5 stock split
HEG Ltd shares surged 10% after announcing a 1:5 stock split. The record date for the split is October 18. A 1:5 split means shareholders will receive five shares for every one they currently own.
Waaree Energies IPO expected in October: What investors need to know
The planned IPO targets a Rs 3,000 crore fundraising through a mix of new shares and an offer for sale. The OFS comprises up to 32 lakh equity shares, with major contributions from Waaree Sustainable Finance Private Limited, Chandurkar Investments Private Limited, and Samir Surendra Shah.
IEX shares fall by 17% in two days on news of market coupling implementation by FY25
IEX Share Price: Market coupling, expected to be implemented by the end of this fiscal year or the start of FY26, aims to establish a unified price for electricity across different trading platforms. IEX, which currently dominates the power trading market with an 84% share, may face new challenges due to this change.
KRN Heat Exchanger IPO fully subscribed within minutes of opening for share sale
KRN Heat Exchanger and Refrigeration Ltd’s IPO was fully subscribed within minutes of opening. The share sale received bids for over 3.40 crore shares against 1.09 crore on offer, translating to 3.10 times subscription. The IPO aims to raise Rs 342 crore, with funds allocated for a new manufacturing facility and general corporate purposes.
Dipan Mehta on why he is happy to sit on 10-15% cash in a booming market
Dipan Mehta, Director of Elixir Equities, discusses his strategy of maintaining 10-15% cash for strategic investments. He highlights the performance of his portfolio, mentioning key holdings like Bajaj Finance and IndiGo. Mehta also shares his positive outlook on the travel and tourism sector and cautious stance on the EMS space.
Govt sets up special team to address grievances related to MCA21 portal
The government has established a special team to address grievances related to the MCA21 portal, used for company and LLP filings. The corporate affairs ministry regularly reviews concerns through various channels and aims to resolve urgent issues efficiently. Companies and LLPs are required to submit their annual filings soon.