Sebi pitches for PE firms as MF sponsor

The Securities and Exchange Board of India (Sebi) on Friday introduced a consultation paper that proposes to allow private equity (PE) firms to become mutual funds sponsors. “PE may also provide constructive competition to the current entities in the mutual fund industry and improve value to investors. Hence, the working group agreed that PE, if […]

Adani FPO anchor book subscribed 1.5 times

The anchor book for the follow on offering of Adani Enterprises was oversubscribed on Wednesday, with the company finalising allocation of 18.26 million FPO equity shares to 33 investors, aggregating to about Rs 6,000 crore. Foreign institutional investors included the likes of Abu Dhabi Investment Authority, Maybank Asia, Goldman Sachs, Nomura, Societe Generale, Jupiter, BNP […]

Markets Wrap – Wed, 8 Mar ‘23: Nifty, Sensex rise, rupee falls; Asia, US markets, Gold, Crude updates

Domestic indices concluded Wednesday’s volatile session in the green territory. The BSE Sensex closed above 60,340 and the NSE Nifty 50 settled above 17750. Bank Nifty concluded above 41550. The top gainers of the Nifty 50 were IndusInd Bank (up 4.81%), Adani Ports (up 3.06%), Adani Enterprises (up 2.83%), Bajaj Auto (up 2.20%) and Larsen […]

Petrol and Diesel Rate Today, 18 December: Fuel rates steady; Check prices in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Theoil pricesin the country have not been changed on 18 December 2022 and costs have been steady for about six months now. The last country-wide change infuel rateswas on 21 May this year, when Finance MinisterNirmala Sitharamanslashed excise duty on petrol by Rs 8 per […]

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