In a bid to improve transparency and ensure quicker reporting, the government has said that any material change in structure, common ownership or control of the foreign portfolio investors (FPIs) or investor group, should be brought to the notice of the Securities and Exchange Board of India (Sebi) not later than seven working days. For […]
The new Telecom Act does not, in any manner give either the government or the service providers, the power to break encryption of messages exchanged via over-the-top platforms or intercept them, communications and IT minister Ashwini Vaishnaw told Fe in a wide-ranging interview. While highlighting how the Act will usher in an era of structural […]
The Securities and Exchange Board of India (Sebi) is likely to discuss key changes in buyback norms, governance of market infrastructure institutions (MIIs) and disclosures of material events for companies at its board meeting on Tuesday. The market regulator had released a consultation paper last month pertaining to share buybacks, seeking changes concerning the limit, […]
Shares of most of the Adani Group companies continued their fall on Monday, hitting fresh lower circuits, despite a detailed rebuttal by the group to the allegations made by US short-seller Hindenburg Research. The bloodbath has erased over Rs 5.5 trillion in the group’s combined market capitalisation over the last three trading sessions. Last week, […]
Indian benchmark indices are likely to open on a muted note, hinted SGX Nifty on Wednesday. On the Singapore Exchange, Nifty futures trading lower at 17907 level. In the previous session, BSE Sensex soared 600 pts to 61,032, while NSE Nifty 50 jumped 159 pts to 17,930. “Indications are favorable for further recovery and we’re […]
Indian skincare startup Mamaearth has put its initial public offering (IPO) on hold because of weak market conditions, two people with direct knowledge of the matter said, a month after two other Indian companies also scrapped their share sales. Mamaearth parent Honasa Consumer Ltd filed its documents for an IPO in December, planning to raise […]
Warren Buffett targeted the critics of repurchase or share buyback, calling them economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive). On February 25, Berkshire Hathaway published its annual report and the letter from Warren Buffet to the investors. Apart from the investment strategies and financial performance, the billionaire gave lessons to […]
The first two months of calendar year 2023 have seen a cumulative erosion of Rs 24.7 trillion in market capitalisation, according to BSE data – the highest ever in the first two months. This is almost double the Rs 13.6-trillion loss during the corresponding period of 2022. The BSE’s total mcap now stands at Rs […]
Equity benchmark indices Sensex and Nifty buckled under selling pressure after nine-session rally on Monday, as massive sell-off in IT, tech and telecom counters unnerved investors. Intense selling in Infosys, which fell over 9 per cent after lower-than-expected revenue guidance for FY24, and HDFC twins also pulled the benchmarks down. Also Read: Gold Price Today, […]
The Commerce Ministry in its annual review on Tuesday said that more than 1.14 lakh startups have been recognized by the government which have reported the creation of more than 12 lakh jobs with an average of 11 jobs created by each recognised startup under the Startup India programme. “Several programs have been implemented over […]
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