The Securities and Exchange Board of India (Sebi) is working on a framework for performance-based fees for mutual fund schemes, Ananta Barua, whole-time member of Sebi, said on Wednesday. Speaking at the CII Mutual Fund Summit, Barua said the regulator has set up a working committee to draw up a performance-based fee structure. He said […]
Gautam Adani-led Adani Enterprises stock has been removed from the NSE’s short-term additional surveillance measure (ASM) after over a month, according to a circular released by the exchange. The flagship conglomerate was put under the framework on 2 February, following the heightened volatility in the share prices after the dissemination of the Hindenburg report. Along […]
Domestic indices cut some losses but settled in the red on Monday. The NSE Nifty 50 closed below 17,000, BSE Sensex below 57,650 and Bank Nifty below 39,340. The top gainers on the Nifty 50 were Hindustan Unilever Ltd, BPCL, ITC, Grasim and Kotak Bank while the top losers were Bajaj Finserv, Adani Enterprises, Bajaj […]
Bajaj Auto is is expected to cut motorcycle and three-wheeler production by up to 25% across its export-focused plants next month, reflecting uncertainty in its largest market, Nigeria. Bajaj’s export volumes is set to decline in FY24 as well and see positive growth only in FY25. While volumes may bottom out soon, recovery may be […]
Oil prices edged up on Friday and were on track to post a second straight annual gain, albeit a meagre one, in a year marked by tight supplies due to the Ukraine conflict, a strong dollar and weak demand from the world’s top crude importer China. Brent crude futures climbed 44 cents, or 0.5%, to […]
Alternative investment funds (AIFs) are rushing to update their Private Placement Memorandums (PPMs) ahead of the April 30 deadline. This comes on the back of increased scrutiny by the Securities and Exchange of India (Sebi) for non-filing of reports and inadequate disclosures. AIFs have to report any changes made to the PPMs during 2022-23 to […]
The Adani group, whose mostly debt-fueled breakneck expansion saw gross debt doubling in four years, has almost USD 2 billion worth of foreign-currency bonds coming up for repayment in 2024, according to a presentation the conglomerate made to investors. The apples-to-airport conglomerate borrowed over USD 10 billion in foreign currency bonds between July 2015 and […]
The inauguration of the Ram Temple in Uttar Pradesh’s Ayodhya on January 22 has become a political issue ahead of a Lok Sabha election due in less than four months. Invitations have been sent to people across the spectrum, but it is those sent to opposition leaders that have become a point of contention. CPI(M) […]
The board of One97Communications, owner of Paytm, on Tuesday approved a buyback of equity shares of the company at a price not exceeding Rs 810 per share and for an amount of up to Rs 850 crore. The firm, backed by Ant Group and Softbank, had cash and equivalents of Rs 9,180 crore at the […]
Leading stock exchange NSE has tweaked the constituents of its major indices with Adani Group’s two companies — Adani Wilmar and Adani Power — all set to make their way into some of the Nifty indices from March 31, 2023. Adani Wilmar will be part of Nifty Next 50 and Nifty 100 indices, while Adani […]
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