RIAs can charge fees, commissions for non-Sebi products: Sebi’s Kamlesh Varshney

RIAs can charge fees, commissions for non-Sebi products: Sebi’s Kamlesh Varshney

Source: Live Mint MUMBAI : Registered investment advisors (RIAs) can offer all kinds of products, including those not regulated by the Securities and Exchange Board of India (Sebi), and charge fees or receive commissions, said Sebi full-time member Kamlesh Varshney in an interaction with the Association of Registered Investment Advisors (ARIA) on Wednesday. Moreover, he…

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Hyundai Motor India IPO: GIC, BlackRock and SBI MF among potential anchor investors, says report | Stock Market News

Hyundai Motor India IPO: GIC, BlackRock and SBI MF among potential anchor investors, says report | Stock Market News

Source: Live Mint Hyundai Motor Co’s Indian subsidiary, Hyundai Motor India, is in talks with more than 100 top global and domestic investors to take part in the anchor book round of its public issue, Moneycontrol reported on Wednesday, quoting people aware of the development.  Anchor investors such as GIC, Capital Group arms, Fidelity Group…

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Power stocks to buy: Tata Power, JSW Energy gets ‘buy’ tag from Nomura, up to 22% upside seen | Stock Market News

Power stocks to buy: Tata Power, JSW Energy gets ‘buy’ tag from Nomura, up to 22% upside seen | Stock Market News

Source: Live Mint In a recent report on the power sector, Nomura has initiated coverage on Tata Power and JSW Energy, giving them a ‘buy’ rating and setting target prices of ₹560 and ₹885, respectively. The brokerage is of the opinion that India’s power sector offers substantial growth opportunities and it sees green energy as…

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Shiv Texchem IPO Day 2 subscription: SME IPO subscribed 7.67 times, retail portion booked 10 times | Stock Market News

Shiv Texchem IPO Day 2 subscription: SME IPO subscribed 7.67 times, retail portion booked 10 times | Stock Market News

Source: Live Mint Shiv Texchem IPO Day 2 subscription status: The Shiv Texchem initial public offering (IPO) continued to attract strong investor interest on its second day of subscription. As of 1:55 pm on October 9, the issue was subscribed 7.67 times across all categories, showing promising momentum.  The retail investors led the demand with…

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Bold expansions, mixed returns: Are Nifty50 giants delivering for shareholders?

Bold expansions, mixed returns: Are Nifty50 giants delivering for shareholders?

Source: Live Mint Corporate giants emerged from the pandemic poised to expand their empires, but have these ambitious moves paid off for shareholders? Mint examines how 16 of India’s top businesses, part of the Nifty50 index, seized post-pandemic opportunities, strategically expanded both organically and inorganically over the past three years, leveraging acquisitions and partnerships to…

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RBI monetary policy: With no rate cuts in October, is RBI falling behind the curve? Experts weigh in | Stock Market News

RBI monetary policy: With no rate cuts in October, is RBI falling behind the curve? Experts weigh in | Stock Market News

Source: Live Mint RBI monetary policy: Controlling inflation is like taming a wild horse—a task that’s never easy and requires constant vigilance. Just ask the RBI Governor Shaktikanta Das. Today, Das announced that the inflation horse has finally been led back to the stable, inching closer to the target range. But he warned that opening…

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Rate-sensitive sectors soar as RBI shifts policy stance; realty pack leads with 2% gain, banks & auto jump 1% each | Stock Market News

Rate-sensitive sectors soar as RBI shifts policy stance; realty pack leads with 2% gain, banks & auto jump 1% each | Stock Market News

Source: Live Mint Rate-sensitive sectors surged on Wednesday, October 9 following the Reserve Bank of India (RBI)’s decision to change its policy stance to ‘Neutral’ from ‘Withdrawal of Accommodation,’ indicating the possibility of a rate cut in December. The RBI’s Monetary Policy Committee (MPC), however, kept the repo rate unchanged at 6.5 per cent for…

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